160 retired bankers on pensions over €100k

More than 160 retired bankers are receiving pensions above €100,000 from bailed-out institutions.

The latest figures will increase pressure on the Finance Minister Michael Noonan to use Wednesday’s budget to tackle the remuneration rates at the state-covered lenders, which, he admitted, were “ridiculous”.

Figures from his department show that 88 retired bankers are getting pensions of over €100,000 from AIB — which plugged a hole in its pension scheme in August by handing €1.1 billion of loan assets to its pension pot. A total of 52 former employees from Bank of Ireland are receiving pensions of over €100,000, as are 16 retired staff from the former Anglo and 11 from Permanent TSB.