137. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 205 of 20 November 2012, if he will explain the way the annual pension contribution of Allied Irish Banks chief executive (details supplied) of €63,750 is calculated and if this figure represents the annualised value of the amount of money invested by the bank into the company’s pension fund on their behalf or if it is based on an per-employee average of total contributions by the bank into the company’s pension scheme for all employees; if he will outline their pension entitlement would be an annualised basis if they reach the retirement age at AIB as per the terms of their remuneration contract with the bank. [53850/12]

Summary

137. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 205 of 20 November 2012, if he will explain the way the annual pension contribution of Allied Irish Banks chief executive (details supplied) of €63,750 is calculated and if this figure represents the annualised value of the amount of money invested by the bank into the company’s pension fund on their behalf or if it is based on an per-employee average of total contributions by the bank into the company’s pension scheme for all employees; if he will outline their pension entitlement would be an annualised basis if they reach the retirement age at AIB as per the terms of their remuneration contract with the bank. [53850/12]

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• Banking Sector Remuneration

  xml · EN · 4 December 2012

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