Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form, with respect to the Irish Bank Resolution Corporation, the number of the staff whose annual salary at 31 December 2011 fell in the following bands, €400,000 and above, €300,000 to €399,999, €200,000 to €299,999 and €150,000 to €199,999. [48795/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised by the Bank of the following information with regard to staff’s annual salary as at 31st December 2011.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the salary paid to the Chief Executive Officer of the Irish Bank Resolution Corporation Mr MikeAynsley and to provide a listing and quantification of any additional benefits paid; and in respect of any expenses allowance; if he will confirm if such allowances are paid only in respect of vouched and receipted expenditure. [48796/12]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will confirm if the Chief Executive Officer of the Irish Bank Resolution Corporation Mr Mike Aynsley is employed on a temporary contract; the date on which this contract was entered into; the termination date of this contract and if he will quantify any termination payments provided for under the contract. [48797/12]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if the Chief Executive Officer of the Irish Bank Resolution Corporation Mr Mike Aynsley is employed on a continuing or permanent contract and if he will quantify any termination payments provided for under the contract. [48798/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 44 to 46, inclusive, together.

I have been advised by IBRC that the CEO, Mike Aynsley, is a permanent employee of the Bank. Mr Aynsley’s contract was entered into in August 2009 and was effective from 7 September 2009. The normal termination date of the contract is upon the CEO’s 60th birthday which is 24 March 2018. Standard termination payments in lieu of notice exist. All temporary allowances are paid only in respect of vouched and receipted expenditure.

*Note: The amount of €343,000 differs to the figure of €329,000 reported in the Bank’s Annual Report & Accounts 2009 as a result of adjustments made in the following year.

**Note: The amount of €960,000 differs to the figure of €974,000 reported in the Bank’s Annual Report & Accounts 2010 as a result of adjustments made for 2009.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he has contacted the Irish Bank Resolution Corporation requesting staff whose annual salary is in excess of €200,000 to waive 15% of their salary or such amount in excess of €200,000 whichever is the lesser; and if he has, the date on which he first made this contact; the number of staff whose annual salaries were in excess of €200,000 at that date; the number of staff who acquiesced to the request for the waiver; the number of staff who refused the request for the waiver and the number of staff who have not responded to the request for the waiver. [48799/12]

Michael Noonan (Limerick City, Fine Gael)
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At a meeting on the 5th April 2012, I asked the Chairman of IBRC, Mr Alan Dukes, if the Board of the Bank would consider a reduction of 15% in senior management salaries. Mr Dukes subsequently informed me that reductions in pay levels for individual staff in IBRC, (the entity tasked with winding down the former Anglo Irish Bank and INBS), had been considered by the Board of the Bank and that a decision had been reached not to implement cuts at that time. I am informed by the Bank that the decision not to pursue pay cuts was based on the difficulty faced by the Bank in retaining and attracting staff, and the fact that the remuneration packages paid to the new management team are lower than those historically paid by the Bank. Fees however for Non-Executive Directors were initially reduced by 20% at the end of 2008 and by a further 15% in July of 2012.