Cabinet pensions worth €36m at market prices - The Irish Times - Tue, Oct 30, 2012
This on top of what we are already paying Cowen, Aherne, Harney etc. AND they get paid this pension in some cases in their early 50's?THE 15 MEMBERS of Cabinet will have pension entitlements by the end of the Dαil term that would cost 36,301,205 if bought in the market today, according to an analysis conducted by The Irish Times.
The figures are based on the Government serving its full term to March 9th, 2016. The Taoiseach, Enda Kenny, will be entitled to an annual pension of 100,000 by that date. For a married man of Mr Kennys age to buy such a pension today would cost 3,290,720.
He will also be entitled to a lump sum of 139,008, bringing the total value of his pension entitlement to 3,429,728.
First off these pensions are unaffordable and just too large for this countries citizens to support. Second of all whatever pension is available should only be paid after the official state retirement age.
We are really barrelling toward another massive crisis in the shape of a Pensions Crisis. All we get from our cabinet above is legal rubbish about they cannot change contracts, they cannot go retrospective. FFS, they are the LAW MAKERS - LEGISLATE, thats what they are being paid for. But of course "Turkeys dont vote for Christmas do they?"