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Martin's pension avoids pay cut effect


Leinster House (Stock)

Leinster House (Stock)

Leinster House (Stock)

Taoiseach Micheál Martin has confirmed that his pension entitlements won't be affected by the 10pc cut in the overall pay for ministers.

His pension is still set to be based on the full €207,590 salary on offer as Taoiseach rather than the new reduced rate he will be taking as announced on Monday.

A 10pc cut will put Mr Martin on €186,331. Tánaiste Leo Varadkar's take-home pay as Taoiseach in the last government was €185,350 due to the waiving of the pay increases.

Labour leader Alan Kelly challenged Mr Martin on the implications of the changes in pay on his pension entitlement. He said Mr Martin said he was gifting back 10pc of the salary, adding: "That means your pension will be the full amount. Correct me if I'm wrong, it will not be the reduced amount."

Mr Martin said there was a set salary for the Taoiseach and ministers. He said ministers in recent years gifted back increases that were due.

"What we decided - to make it cleaner - was to say 10pc across the board which in my case will result in gifting close to €25,000 back.

"In terms of the pension, you're correct, the pension entitlement relates to the rate that the salary is set at."

Irish Independent