Ex-IMO boss claims €10,000 VHI entitlement

Written By Unknown on Sabtu, 23 Maret 2013 | 22.40

The former General Secretary of the Irish Medical Organisation George McNeice - who retired in his early 50s with a pension pot worth almost €10m - has claimed he is entitled to a further €10,000 for his VHI payments for the next year.

When Mr McNeice retired shortly before Christmas, it emerged that he had accumulated pension entitlements which could have reached €25m.

However, following negotiations, Mr. McNeice agreed to settle for a package worth €9.7m.

In recent legal correspondence with the IMO, Mr McNeice has sought almost €10,000 for his VHI payments for the next year, and has also claimed ownership of a painting at the IMO offices.

It is understood Mr. McNeice argues that the settlement agreement provides for payment of all salary and emoluments up to 31 March, and that this would include renewal of his VHI subscription.

He also argues that the painting was given to him by a former president of the IMO Cormac McNamara.

The IMO is holding an extraordinary general meeting in Dublin today to discuss the controversy - at which members are being informed of Mr McNeice's additional claims.

Sources said that the IMO has rejected Mr McNeice's claims.

It is understood that the IMO may be prepared to pay a VHI contribution for the remaining 10 days of his formal employment, but not a full year's subscription for Mr McNeice and his family.

The IMO has also asked Mr McNeice to prove ownership of the painting.

Two weeks ago, the IMO revealed the details of the settlement with Mr McNeice.

In addition to a pension fund of €4.5m, Mr McNeice will receive a termination payment of €1,495,850 as provided for in his contract.

He will also receive annual payments of "some €200,000" per year from 2016 to 2021, and €250,000 per year from 2021 to 2032.

However, the IMO said that no members' subscriptions would be required to fund the settlement with Mr McNeice.


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