Written Answers. - Pension Payments.

Thursday, 22 November 2001

Dáil Eireann Debate
Vol. 544 No. 5

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  69.  Mr. Stanton  Information on David Stanton  Zoom on David Stanton   asked the Minister for the Marine and Natural Resources  Information on Frank Fahey  Zoom on Frank Fahey   the amount being paid to former employees of a company (details supplied) by way of pensions and/or other payments; the number of employees involved; and if he will make a statement on the matter. [29442/01]

Minister for the Marine and Natural Resources (Mr. Fahey): Information on Frank Fahey  Zoom on Frank Fahey  Prior to its liquidation in November 1984, Irish Shipping Limited had been paying ex-gratia pensions to certain of its former employees. On the appointment of a liquidator, these payments ceased. In order to avoid hardship on the part of the pensioners affected, the Government decided in 1985 to take over payment of the ex-gratia pensions. A sum of £25,000 was paid out to that purpose in 2000. There are currently ten former employees of Irish Shipping Limited receiving payments.

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