Michael McCarthy (Cork South West, Labour)
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Question 125: To ask the Minister for Jobs, Enterprise and Innovation if he will issue a breakdown of the remuneration packages in place for chief executive officers of all semi-state companies here as of 27 January 2011, specifying in detail any bonus, pension, expenses or other arrangements; and if he will make a statement on the matter. [6428/12]

Richard Bruton (Dublin North Central, Fine Gael)
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The remuneration of the Chief Executive Officers (CEOs) of semi state agencies that fall under the aegis of the Department of Jobs, Enterprise and Innovation is as set by the Department of Public Expenditure and Reform. The information is as follows:

Bonus

There are no bonus payments payable to the CEOs of the above agencies.

Pension Each CEO is obliged to be a member of the staff Superannuation scheme of their respective agency. Pensions are calculated as 1/80th of pensionable remuneration per year of reckonable service, subject to a maximum of 40/80ths. Lump sums are calculated as 3/80ths of pensionable remuneration per year of service, subject to a maximum of 120/80ths.

Expenses are a day to day matter for each agency.