Council bosses get €1.8m pension bonanza

Seven retiring local authority chiefs executive last year enjoyed a pensions bonanza walking away with a combined pension lump sum of €1.8m.

New figures yesterday provided by the Deptartment of the Environment show one chief executive, Michael Malone, retired from his post from Kildare County Council with a pension lump sum of €290,658 after a 42-year career in local government.

Mr Malone was 60 when he retired last April and along with a gross lump sum payment of €217,994, he received a special severance gratuity payment of €72,664.