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Galway TDs not contesting upcoming General Election to receive €170K lump sum payment

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Galway TDs not contesting upcoming General Election to receive €170K lump sum payment

Three Galway TDs who are not running in the upcoming General Election are eligible to receive lump sum payments of over €170,000 each.

The Journal Investigates report has evaluated the exit package and pension entitlements of all 29 TDs set to stand down when the Dail is dissolved.

The value of exit payments, and the number of them that TDs receive in the year after an election, depends on how many years the individual TD has served in the Dáil.

Galway West Fianna Fáil TD Eamon Ó Cúiv will get the second-biggest combined pension and lump sum payment next year - €283,000.

That's just below the highest figure, former Tánaiste Simon Coveney, who will collect €293,000 in pension payments in his first year.

The figure for Deputy Ó Cúiv's first year of retirement includes the lump sum payment of €171,000, and a combined TD and ministerial pension of over €112,000.

Roscommon/Galway Independent Denis Naughten will claim a combined total of €245,000 once the Dáil dissolves, despite being below pension age.

That's inclusive of the lump sum payment, his annual pension and the additional pension for serving as a minister.

That's because anyone elected to the Dáil before April 2004 qualifies for a pension from the age of 50.

Elsewhere, Fine Gael Galway East TD Ciaran Cannon will get a lump sum of €171,000, and once he turns 66, a combined TD and ministerial pension of €75,000.

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