Bertie Ahern and Brian Cowen Photo by: Google Images

Cowen leads dollar charge with Ministerial pension worth $7million dollars


Bertie Ahern and Brian Cowen Photo by: Google Images

Ministers in the government that crashed the Irish economy will reap in pension payments worth almost $15million a year between them for the rest of their lives – with former Prime Ministers Brian Cowen and Bertie Ahern top of the pile.

New figures released show that ex-Fianna Fail leader Cowen will pocket an annual pension worth $206,000 until the day he does.

Bertie Ahern, the man he succeeded as Irish PM, will receive $210,000 a year while another 28 former

Ministers are entitled to pension plans worth $140,000 a year for the remainder of their living days.
Cowen, still only 51 and 14 years off the normal pension age, was the man in charge when the Celtic Tiger collapsed. He also authorised the controversial and costly bank guarantee scheme that plunged Ireland into recession.



More news stories from Ireland on IrishCentral

Guinness secret revealed: Why do bubbles go down instead of up?

Mystery of the moving rocks off Irish island solved


The pensions rogue gallery also includes former Justice Minister Ray Burke, who was jailed on corruption charges.

Health Minister Mary Harney, Arts Minister Martin Cullen and former speak of the house John O’Donoghue, the man at the centre of an expenses scandal, will receive almost $150,000 on an annual basis.

Pension experts have confirmed that private sector workers would need to build up a pension fund of almost $10million to receive such generous payments.

The industry sources estimate that Cowen and Ahern will cost the state between seven and eight million dollars each in pension payments.

Up to a hundred former ministers receive pensions from the state, even if they are now employed in the private sector.

The new figures were obtained by Sinn Fein leader Gerry Adams in his role as a member of the Irish parliament.

Sinn Fein’s spokesman on finance Pearse Doherty said: “The fact that this level of payment is being paid to former ministers when we are facing into one of the harshest Budgets in history is a scandal.”


Log in with your social accounts:

Or, log in with your IrishCentral account:

Forgot your password ?

Don't have an account yet? Register now !

Join IrishCentral with your social accounts:

Already have an account ?

For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

Terms & Conditions

Or, sign up for an IrishCentral account below:

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.

Make sure we gathered the correct information from you

By clicking above you are indicating that you have read & agree to our Terms and Privacy Policy.

You already have an account on IrishCentral! Please confirm you're the owner.

Our new policy requires our users to save a first and last name. Please update your account: