Labour challenges Fás deal claims
The Department of Finance has said Mr Molloy’s pension package was agreed mainly on the basis of 1998 guidelines entitled Severance and Early Retirement for Chief Executives of State Sponsored Bodies.
Those guidelines allow for the provision of pension top-ups, lump sums and severance payments for chief executives retiring early. But the guidelines were drawn up for cases where the Government or State organisation in question is seeking the early retirement of the chief executive.
