McDaid cuts losses with pension perks

RUNAWAY deputy Jim McDaid will receive more than three times the current average industrial wage for the rest of his life because of the 21 years he spent in Dáil Éireann.

He will also receive €225,636 in lump sum payments for calling time on his political career. Just €78,000 of this is subject to a claim by the taxman.

Because of rules politicians brought in to decide their payments and perks, Dr McDaid is entitled to €16,000 simply for standing down.