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Calls for Bankers to give Back Pensions

Two senior Cabinet Ministers are calling on former senior executives at the country’s banks to give back some of their pensions.

Earlier this week, the former head of AIB Eugene Sheehy took a pension cut of up to 75 thousand euro – following pressure from the bailed out bank and the Taoiseach.

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Enda Kenny told the Dail that AIB’s former managers had a ”moral responsibility” to reduce their pensions – over the failure of the bank.

This morning, the Education Minister Ruairi Quinn said more bankers should follow Mr Sheehy’s lead.

And the Transport Minister Leo Varadkar agrees.

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