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Chief Justice John L Murray. Niall Carson/PA Archive/Press Association Images
Public Sector
Chief Justice discusses pension concerns with taoiseach
The Chief Justice John Murray has met with Taoiseach Enda Kenny and voiced concerns about the impact a new cap on public sector pension funds might have on judges’ retirements.
CHIEF JUSTICE John Murray has met with the taoiseach to discuss the impact that changes in tax might have on judges’ pensions.
Murray met with Enda Kenny last Thursday for a courtesy visit and raised the issue then, RTÉ reports.
Up until 2005, those working in the public sector were able to avail of significant tax relief on accumulated pension funds – and some of those working in the higher echelons of the public sector created pension funds worth millions.
The latest budget saw such funds capped at €2.3 million.
High earning public sector workers will now be forced to pay tax on any surplus funds in their accounts within three months after retirement.
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