Written answers

Tuesday, 16 October 2007

10:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 191: To ask the Tánaiste and Minister for Finance the remuneration package of each of the CEOs of State agencies reporting to his Department including pay, pension and ancillary benefits. [23729/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The remuneration of the CEOs of the two State agencies, funded from the Vote of my Department, is as follows:

Special EU Programmes Body: The salary scale for the CEO ranges from €84,075 to €116,875. In addition a non-pensionable performance related bonus may be paid up to a maximum of €11,430. A pension is payable on retirement, of 1/80th of final salary for each year of service. A lump sum will also be payable on retirement of 3 times the annual pension.

Ordnance Survey Ireland: As a commercial State body, the salary of the CEO is a matter to be determined by the Board within the following agreed pay range:— €109,495 to €136,875. A performance related pay scheme provides for payment of up to a maximum of 25% of basic pay annually, which is not reckonable for pension purposes. The CEO is also provided with a car. A pension is payable, on retirement, of 7/80th of final salary (based on 7 years service). A lump sum will also be payable on retirement of 3 times the annual pension.

Of the other State Agencies which come under the remit of my Department, the remuneration for the CEO of the Central Bank and Financial Services Authority of Ireland, is a matter for the Board of the individual authorities. The remuneration packages of all National Treasury Management Agency staff, including that of its CEO and the CEO of the National Development Finance Agency, are negotiated on an individual contract basis and are confidential. The administration accounts (including pay and pensions, etc.) of the NTMA are audited by the Comptroller & Auditor General each year.

In relation to the Financial Regulator details of the remuneration of the Financial Regulator CEO are published in the Annual Report of the Financial Regulator.

The annual basic salary of the Director of An Post National Lottery Company is €188,700. In addition in 2006, the Director was paid directors fees of €14,000 and non-pensionable performance related bonuses of €42,500. Taxable Benefits amounted to €20,000. The Director is a member of An Post main superannuation scheme.

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