Written answers
Tuesday, 30 March 2010
Department of Finance
Departmental Agencies
11:00 pm
Fergus O'Dowd (Louth, Fine Gael)
Link to this: Individually | In context
Question 164: To ask the Minister for Finance the salary of each chief executive of agencies under the aegis of his Department on 1 August 2008 and 1 September 2008 in tabular form; if a voluntary pay cut was taken by each CEO; if so, the date of same; the salary of the CEO at that date; the full benefits package now applying to each such person including pension contributions and amount of bonus, if any; if same was awarded; the way in which it was benchmarked; the cost of a company car and any other benefit in kind; and if he will make a statement on the matter. [13637/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
The information requested in relation to agencies under the aegis of my Department is set out below. It should be noted that it is not the practice to identify individuals in relation to voluntary deductions from their remuneration.
| National Lottery | Special EU Programmes Body (has 2 sponsor departments: Department of Finance and Department of Finance and Personnel of Northern Ireland) | |
| Salary at 1 August 2008 | €230,000 | £61,217-£69,020-£76,826-£84,630 |
| Salary at 1 September 2008 | €230,000 (Salary frozen at €230,000 since 1st January 2008). | £61,217-£69,020-£76,826-£84,630(It was confirmed by sponsor departments that no annual increase would be applied to the scale on 1st April 2009). |
| Director's Fee | €12,500 | |
| Car allowance | €15,000 | |
| Health Insurance | €5,000 | |
| Company Pension contribution | €33,000 | |
| Performance related pay | Non-pensionable performance related bonus (0% to 25% based on performance related objectives - not finalised in 2009 by Remuneration Committee). | The CEO's contract of employment provides for a performance pay system. The range of possible bonus payment was set for 2008 at between £nil to £10,000. |
| CEO's personal pension contribution | 6.5% | The North/South Pension Scheme ("the Scheme") is an unfunded, contributory, defined-benefit Scheme. The Scheme was established by the North/South Implementation Bodies and Tourism Ireland Limited ("the Bodies") with effect from 29 April 2005. The CEO contributes 1.5% of his salary. Benefits are based on 1/80th of final pensionable salary for each year of reckonable service subject to a ceiling of 40 years. Lump sum is based on 3/80ths of pensionable salary for each year of reckonable service. |
The Chief Executive Officer of the Public Appointments Service (PAS) is remunerated at the grade of Assistant Secretary in the Civil Service, and enjoys the same terms and conditions applicable to that grade.
No comments