Pat Smith Vs IFA proceedings to get underway in the High Court

Proceedings in the Pat Smith Vs IFA case are set to get under way in the High Court today (October 10).

The case has been listed for the High Court for mention, after solicitors on behalf of Smith lodged papers back in early August. On the day, a possible date for a hearing may be set.

Smith initiated proceedings against the IFA in April through his solicitor and it is the second case he is taking against the association since he resigned in November of last year.

The former General Secretary of the IFA resigned from his position on November 19 last year after the organisation came under pressure to reveal his salary.

It was subsequently revealed that Smith received a remuneration package of over €540,000 in 2013 and over €450,000 in 2014 and 2015.

It then emerged that former IFA President Eddie Downey signed a €2m exit package with Smith, which would see Smith receive €1m initially and then 10 payments of €100,000 per year for 10 years.

However, the IFA announced that it would challenge the exit package after an Executive Council meeting on November 25 heard that the exit package was agreed by the then IFA President Eddie Downey alone, who resigned as head of the association later that night.

In December of last year he lodged a case against the IFA in relation to his exit package after the IFA said it was refusing to pay out.

Pat Smith worked for IFA for over 25 years in his various roles and took over as General Secretary from Michael Berkery in 2009.

The Con Lucey report, which was published by IFA on December 15, 2015, detailed the remuneration of the IFA General Secretary from 2009.

Smith is noted as saying in the report that his remuneration, excluding pension, in 2014 and 2015 was “very significantly less than the salary and bonus paid to his predecessor” in 2007 and 2008.

CLASSIFIED ADVERTS