Donlon puts pension on hold to take €163k post
Former senior civil servant Sean Donlon is to suspend his civil service pension temporarily after being appointed to a €163,000-a-year post.
The Cabinet approved his nomination to replace former Fianna Fail MEP Eoin Ryan on the European Bank for Reconstruction and Development (EBRD).
Mr Donlon previously worked as Irish Ambassador to the USA in the 1980s – but also has close connections to Fine Gael, having served as special adviser to Taoiseach John Bruton and Michael Noonan.
A Government spokesman said Mr Donlon would give up his civil service pension while he was in the role with the EBRD.
It could not be established last night from the Department of Finance how much Mr Donlon's civil service pension was worth.
The EBRD was set up in 1991 to help build market economies in the former Soviet Bloc countries following the fall of Communism.
The bank, which is owned by 61 countries, principally invests in private companies and also supports the restructuring of state-owned firms and the improvement of municipal services.