ALAN Shatter will be the last minister to be entitled a golden handshake after departing from office.
As a former Cabinet minister, Mr Shatter can claim €70,000 over the next two years, as revealed in the
The Department of Public Expenditure has written to the Fine Gael TD informing him of his entitlements following his resignation.
The €70,000 figure is the equivalent of the ministerial part of his salary, while not including the TDs pay.
However, it is expected the former Justice Minister will waive his right to the severance payment.
The previous ministers who resigned from this Government - Willie Penrose, Roisin Shortall and Lucinda Creighton - have not taken the severance payments.
When he retires, Mr Shatter will be entitled to a ministerial pension of €21,000 a year as well as a Dail pension of €43,500 - half a deputy’s salary.
A retiring TD also gets a lump sum payment of one-and-a-half-years salary, worth €130,500.
Mr Shatter (63), and will be 65 by the time of the next general election.