DCU retiree received biggest pension payout in 2013

A DCU retiree received a pension payout of almost €250,000 in 2013 according to figures released by Irish universities.

The unnamed staff member was one of three retirees to receive a lump sum payment in excess of €200,000 in 2012 and 2013.

The figures, supplied in response to freedom of information requests, revealed that 22 staff members at Irish universities enjoyed payoffs in excess of €200,000 in 2012 and 2013.

DCU paid out €2.48 million in 2012 and almost €500,000 in lump sums in 2013.

Figures for UCD show one academic received a lump sum of €206,386 in 2013. Three other retirees received €214,064, €208,564 and €207,564 in 2012.

Lump sum payments at UCD last year totalled €2.45 million with payouts of €5.3 million in 2012. The university paid out €42.5 million on pensions in 2013 compared to €45.7 million in 2012.

At Trinity College Dublin, two retiring staff members received lump sums of over €200,000 in 2013, with payments totalling at €2.72 million. TCD’s total pension bill in 2013 was €26 million compared to €25.46 million in 2012.

Three retirees from University College Cork received lump sum payments in excess of €200,000 in 2013. There were two retirees in that bracket in 2012, with the highest payout at €237,367.

UCC’s total pension bill exceeded €20 million in 2013 and €19 million in 2012. The university’s total lump sum payments totalled €2.8 million in 2013, compared with €5.19 million in 2012.

University of Limerick had five retirees receiving over €200,000 in 2013 and 2012, the highest at €228,512. UL’s total pension bill for 2013 was €9.6 million, following €9.2 million in 2012.

NUI Galway paid three staff pension sums topping €200,000 in 2013 and 2012, with lump sums of €1.1 million and €2.1 million in that period. The university’s pension bill in 2013 totalled at €15.8 million.

Elaine Carroll

Image Credit: www.iamcr2013dublin.org

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