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George McNeice

IMO members want a review into former CEO's €10m pension pot

A planned review of governance structures in the organisation was shelved last year.

A MOTION TO launch a major review into governance structures and finances at the Irish Medical Organisation (IMO) will be discussed later this week at its national conference.

A similar review was proposed last year, but the organisation decided to put it the wider membership due to the “serious financial and legal implications of such an exercise”.

It follows former chief executive George McNeice leaving the IMO with a pension pot worth close to €10 million.

Annual payments

Under the terms of the settlement, he will receive annual payments of €200,000 every year from 2016 to 2021 and €250,000 per annum from 2021 to 2032.

McNeice also received a termination payment of €1,495,850.

A motion from the North East GP Branch is ‘demanding’ that ”the IMO delivers on the EGM Motion for a formal review relating to the pension arrangements of the former Chief Executive”.

However, a call for the immediate appointment of a firm to conduct a retrospective review “without further delay” to “prevent erosion of the IMO membership, to restore and maintain the confidence and trust of the membership” has been withdrawn.

Members will also vote on the adoption of a new Constitution and Code of Practice.

The motions will be put to membership this Friday.

Previousy: IMO to review circumstances of McNeice’s €10m pension >

Read: ‘€20m pension’ for retiring Irish Medical Organisation chief was halved >

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