Ordinary taxpayers paying for ‘gold plated’ pensions according to Donegal TD

A Donegal TD says ordinary taxpayers who may not have pensions themselves are helping to pay for so-called ‘gold-plated’ pensions and pay-offs for retiring public servants.

Last year, the number receiving lump-sum pay-offs over €200,000 jumped by 3% to more than 900.

Lump sums below €200,000 are tax free.

Figures for the gardai — who can retire at 50 if they have 30 years service –show the top 20 retirement lump sum payments for the force in 2015 totalled €2.78m, giving an average payment of €143,924.

The details were given to Donegal Sinn Fein Deputy Pearse Doherty by Finance Minister Michael Noonan, based on figures from the Revenue Commissioners.

Deputy Doherty says for some retiring public servants, it’s like winning the Lotto: