Phil Hogan is due to be paid over €400,000 from the European Commission

Phil Hogan is due to be paid €440,000 from the European Commission over the next two years.

The Irish Examiner reports that all EU officials are entitled to a "transitional allowance" for the first 24 months our of office.

It's believed the former Trade Commissioner could still draw down the fund if he gets a new job and earns less than €120,000 a year.