independent

Monday 18 December 2017

Impossible to estimate cost of early retirements

WITH IT impossible to anticipate the level of staff opting to avail of the Government led initiative of early retirements or to estimate the cost of lump sum payments, during 2011 €1.4 million was paid, over and above, the amount of budgeted lump sums.

Annette O'neill, Head of Finance, told councillors at last Tuesday's council meeting that early retirements in the public sector resulted in an 'exceptional item' of expenditure in 2011.

The scheme was announced after the adoption of the 2011 budget but Ms. O'neill explained that in any case it would not have been possible to anticipate the level of staff opting to avail of this scheme or to estimate the associated cost of lump sum payments.

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