Former government ministers in line for pension boost of thousands
Former government ministers – many of whom were in power as Ireland descended into the financial mire that preceded the bank bail-out and the intervention of the Troika – are to have thousands of euro added to their pensions, it has been revealed.
The ministers are in line for an increase of around €2,000 under the Lansdowne Road agreement concerning public sector pay.
Those due to receive the financial boost including former Taoisigh Brian Cowen and Bertie Aherne, as well as former Minister for Finance Charlie McCreevy.
These former Fianna Fail ministers have staunchly defended their handling of Ireland’s finances during the pre-recession years.
According to a report in the Sunday Times Cowen’s pension will rise to €136,000 from €134,000, while Ahern will also see the same increase.
McCreevy will see his generous pension rise to €110,000 from the €108,000 he now receives.
Meanwhile, a former IMF chief economist says it is totally unfair that the people of Ireland were made to endure the burden of the bank bailout all alone – and that the government should get back to the negotiating table and demand some relief.