Irish Water paid former director John Tierney €570k retirement package

Ervia's annual report for 2016 has revealed that they paid former Irish Water managing director John Tierney €655,000 in salary, severance and pension contributions.

The report from Irish Water's parent company shows he was paid €573,000 on retirement in April last year.

It reveals that €100,000 was a severance payment while the other €473,000 was paid into the Ervia defined benefit pension scheme.

He also earned a salary of €67,000 in the months leading up to his retirement last year.

He also got €11,000 in pension contributions made on behalf of the Managing Director and €4,000 in other benefits, including cost of company car and health insurance.

Irish Water said that Mr Tierney "carried his full service to his new employer and, in line with Government guidelines regarding the transfer of staff from local authorities to Irish Water, his retirement arrangements are exactly the same terms that would have applied had he retired as Dublin City manager."

More in this Section

Paddy Jackson attends court hearing ahead of rape trial

Teacher dismissed due to allegations by students can continue to look for teaching jobs, court rules

Jury retires for weekend after failing to reach verdict in Dublin stairwell stabbing murder trial

Taoiseach: My position on abortion 'has evolved over time'

Today's Stories

‘I am so excited about the rest of my life’, says Isabel Terry after 15-year transplant wait

Criticism as Killarney to take 55 people ‘seeking international protection’

Charity gets €300,000 in water fee refunds

Leo Varadkar and Micheál Martin coy on abortion recommendation


Scenes from the analogue city - Memories of Limerick from the late 80s and early 90s

Ask Audrey: 'I heard that Viagra fumes from Pfizer’s were causing stiffys below in Ringaskiddy'

The 12 drinks of Christmas - Top tipples for the festive season

Sex advice with Suzi Godson: My boyfriend is too noisy during sex

More From The Irish Examiner