Ministerial, Parliamentary and Judicial Offices and Oireachtas Members (Miscellaneous Provisions) Act, 2001

Amendment of the 1938 Act— insertion of section 29A (severance allowance payable to certain former Ministers of State).

18.—The 1938 Act is amended by inserting the following sections after section 29 (as inserted by section 10 of the Oireachtas (Allowances to Members) and Ministerial and Parliamentary Offices (Amendment) Act, 1992 ):

“Severance allowance payable to certain former Ministers of State.

29A.—(1) This section applies to a person who, having served as a Minister of State, becomes entitled to a severance allowance on account of having held a qualifying office.

(2) If a person to whom this section applies was entitled to be paid an allowance under section 3A of the Oireachtas (Allowances to Members) and Ministerial, Parliamentary, Judicial and Court Offices (Amendment) Act, 1998 (as inserted by section 40 of the Ministerial, Parliamentary and Judicial Offices and Oireachtas Members (Miscellaneous Provisions) Act, 2001), at any time during the 2 years immediately preceding the time when the person ceased to hold a qualifying office, the amount of the relevant salary referred to in section 29 is to be increased as provided by subsection (3).

(3) The increase is to be calculated in accordance with the following formula:

AI = AY ×

ND

730

where—

AI is the amount of increase to be calculated, and

AY is the amount per year of the allowance, and

ND is the number of days during which the person has been entitled to be paid the allowance during the 2 years immediately preceding the time when the person ceased to hold a qualifying office.”.