26 outgoing TDs and 29 former TDs in Ireland are set to receive termination lump sums and parachute payments totaling nearly €3.8 million, aimed at easing their transition out of office. These payments are separate from pension benefits and are not considered income for tax purposes.
Politicians in Ireland who have lost their seats or chosen to retire will continue to receive nearly €3.8 million in termination lump sums and parachute payments next year. These payments, separate from pension benefits, are intended to aid the transition for those leaving office. The 26 outgoing TDs will receive €492,609 in lump-sum payments and €755,492 in termination payments over the year. Meanwhile, the 29 TDs who retired will collect €568,395 in lump-sum payments and over €1.
9 million in monthly payments in 2025. These payments are considered redundancy rather than income for tax purposes
Irish Politics Tds Pension Parachute Payments Lump Sums Transition
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