Sir, - Olivia Mitchell TD raises an interesting point in relation to former head banker pensions which have been regarded as excessively generous (Michael O'Regan, Oireachtas report, November 8th). The possibility of retrospective legislation to deal specifically with this situation alone should be actively scrutinised to see if there is any open avenue available.
Another measure which could be suggested would be to recommend the imposition of a new tax rate on non-contributory pensions at the top end of the scale. This could be set, for example, at 75 per cent for such pension income accrued above €200,000 per annum. - Yours, etc,