Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The taxpayer spent €120,000 on the Mercer report and the public expected that senior bankers would see reductions in salaries. My question was specific, in that it related to base salaries. At AIB and Bank of Ireland, 257 individuals are on remuneration packages of more than €200,000. Some 2,500 are on remuneration packages of more than €100,000.

I want the Minister to lay my fears to rest. My understanding is that the hundreds of senior bankers at AIB, for example, who are in receipt of more than €100,000 will not take a cut to their base salaries. Their pensions will change, but their pay will remain intact. The Minister knows the details and has been looking at the banks' proposals for a couple of months. Is there a proposal for high earners to take a reduction in their base salaries?

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