The Pensions will Keep us in Drink

Brian Cowen left office with a total package worth more than €310,000 last year, while Bertie Ahern rode into the sunset with over €299,000 — all funded by the taxpayer.

Papers recently have shown Mr. Cowen, received a ministerial pension of €79,738.97 last year. However, he also received a TD pension of €17,544, a €159,873 lump sum, plus termination payments.

All told, Mr. Cowen received €310,469 in 2011 before tax. He did not make any voluntary contribution to the State. The documents indicate.

A major beneficiary of these grandiose pensions is the brewer Arthur Guinness. A spokesperson for Guinness expects these benefits to show up in the next year’s balance sheet.