Latest bill for teachers' pension lump sums hits €172m
PRIMARY and second-level teachers last year enjoyed €172m in pension lump sums – with one retiring second-level teacher receiving a payment of more than €170,000.
According to official figures released by the Department of Education, the top payment received by one second-level teacher amounted to €177,260.
The department confirmed that in total, €172.09m was paid out in 2012 to 1,848 primary and second-level school teachers in retirement lump-sum payments.
This follows a payout of €181.99m to 1,868 primary and secondary school teachers who retired in 2011.
The figures show that on average, the 1,039 primary teachers who retired last year received a payment of €93,965 with the 809 second-level teachers receiving an average lump sum of €92,373.
One primary teacher received a lump sum of €161,060 and five others received in excess of €150,000.
The Irish National Teachers Organisation (INTO) said no primary teacher working in a school was on a salary high enough to receive a lump sum in excess of €150,000.
Those in that category were on secondment where they received allowances that boosted their salary, and lump sum.
Meanwhile five second-level school teachers received lump sums between €160,000 and €170,000 with 12 in receipt of payments between €150,000 and €160,000.
Principals of very large second-level schools are on larger salaries, which is reflected in their lump sum payment.
There are 371 teachers at second level in receipt of salaries above €100,000.
Another 63 second-level teachers received lump sums between €120,000 and €150,000 with 251 receiving lump sums between €100,000 and €120,000.
Among primary school teachers, 17 received lump sums between €140,000 and €150,000 with an additional 33 receiving lump sums between €130,000 and €140,000.
A further 88 received lump sums between €120,000 and €130,000 while 206 received lump sums between €110,000 and €120,000.
A further 213 received between €100,000 and €110,000.
The figures show that 28pc of retirements in primary level were at principal level while 24pc of the retirees were at deputy principal level. A further 11pc of retirees were assistant principals while 22pc were teachers with special duties.
At second level, 6pc of all retirees were principals, another 6pc were deputy principals and 57pc were assistant principals.