Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Public Accounts Committee

2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I think it is a serious development that this is happening. I am interested to know who sets the criteria to qualify for these bonuses. I note in the report from the media that Unite is the union and it is concerned about this. Again it goes back to giving example to the banking sector and setting the precedent that they can follow this in other banks and indeed across the economy and then that drives the pay scale to an uncontrollable level.

I ask Ms Nolan to confirm that it was €20 million that the Department had set aside.

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