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Irish civil servants received over €4.86 million in lump sum payouts in 2023, raising pension costs.
In 2022, the top 20 lump sum payments to retiring Irish civil servants totaled €4.67 million, with their annual pensions costing €1.5 million.
In 2023, the top payments rose to €4.86 million, creating a future pension cost of €1.66 million.
Lump sums up to €200,000 are tax-free, while amounts between €200,000 and €500,000 are taxed at 20%.
Over the past three years, five civil servants received lump sums over €300,000, and 89 received amounts between €200,000 and €300,000.
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Los funcionarios irlandeses recibieron más de 4,86 millones de euros en pagos a tanto alzado en 2023, aumentando los costes de las pensiones.