Efforts by Deputy Mattie McGrath to bring an end to overgenerous pensions and retirement lump sums have failed.
A private members motion in the Dail sought a curtailment of the current system of paying what the South Tipp T.D described as grossly overgenerous pensions and massive lump sums on retirement to the likes of Cabinet Ministers, Taoisigh, TD’s & Senators, senior public servants, members of the Judiciary and CEO’s of Semi State Bodies and State Funded Banks.
It was defeated in the Dail last by 83 votes to 45 as news emerged that six executives at the former Anglo Irish Bank are in receipt of pay packages worth more than half a million euro a year.
The figures include salaries, pensions benefits and allowances.
The details are likely to put further pressure on the government to clamp down on the pay and pensions of bankers.
Deputy McGrath has expressed disappointment at the response of his colleagues in the Dail.