Oireachtas Joint and Select Committees
Thursday, 3 October 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
12:00 pm
Mr. Robert Watt:
Those are gross pay savings, although I do not think there is a great deal of difference between the two figures in this case. Members will recall that the discussions about net and gross pay became very confused because of how we dealt with the first pension deduction and the fact it came in as a net reduction. When gross savings are talked about, that is an underestimate. When the net pay bill is talked about that is a 17.7% reduction. I mentioned some of the numbers in my statement but on the €1 billion figure there is no real difference between the net and the gross - it is more or less the same amount.