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 Permanent TSB, 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. [49499/12]

Michael Noonan (Limerick City, Fine Gael)
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Permanent TSB has provided me with the following information as at 31 December 2011 in a slightly restricted form to that requested to ensure compliance with legal requirements to staff under Data Protection laws:

* This includes employees who subsequently TUPE’d to Permanent TSB from Irish Life during 2012.

Permanent TSB has made additional appointments to its management team since 31 December 2011 as part of its management renewal program including the appointment of a new CEO whose salary has been disclosed in Parliamentary Questions Nos. 213 to 215, inclusive, as €400,000 per annum. As he was not employed by the bank in December 2011 he is not included in the table.

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 Life, 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. [49500/12]

Michael Noonan (Limerick City, Fine Gael)
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Irish Life has provided me with the following information as at 31 December 2011 in a slightly restricted form to that requested to ensure compliance with legal requirements to staff under Data Protection laws:

While not requested I can confirm that the remuneration of the individuals greater than €400,000 is already publically available in the 2011 annual report for Irish Life & Permanent Group Holdings where they were both executive directors prior to the separation of Irish Life from Permanent TSB in June 2012. The relevant annual report is available at www.permanenttsbgroup.ie

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 Permanent TSB; and if he will provide a listing and quantification of any additional benefits paid, and in respect of any expense allowance; if he will confirm if such allowances are paid only in respect of vouched and receipted expenditure. [49501/12]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if the Chief Executive Officer of Permanent TSB is employed on a temporary contract; if so, the date on which this contract was entered into; the termination date of this contract; if he will quantify any termination payments provided for under the contract. [49502/12]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if the Chief Executive Officer of Permanent TSB is employed on a continuing or permanent contract; if so, if he will quantify any termination payments provided for under the contract. [49503/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 213 to 215, inclusive, together.

I am advised by Permanent TSB that the Chief Executive Officer’s (CEO’s) salary is €400,000 per annum. The employer also contributes 15% of base salary to a defined contribution pension scheme.

I am informed that the CEO also received vouched expenses of €52,034 to compensate him for costs incurred in relocating to Ireland. The CEO has now fully relocated to Ireland. The CEO has no additional allowances but is entitled to reclaim business expenses in respect of vouched expenditure.

I have also been informed that the CEO has a permanent contract and that the employer can terminate the CEO contract by giving 11.5 months notice.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he has contacted Permanent TSB, whose shares are 99.5% owned by him, 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; 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. [49504/12]

Michael Noonan (Limerick City, Fine Gael)
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I have not asked staff in Permanent TSB whose annual salaries are in excess of €200,000 to waive a portion of their salaries. However the Deputy will be aware that a review of remuneration practices at the Covered Institutions ( including Permanent TSB) is currently underway by my Department.

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 Irish Life; if he will 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. [49505/12]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if the Chief Executive Officer of Irish Life is employed on a temporary contract; if so, the date on which this contract was entered into; the termination date of this contract; if he will quantify any termination payments provided for under the contract. [49506/12]

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if the Chief Executive Officer of Irish Life is employed on a continuing or permanent contract; and if so if he will quantify any termination payments provided for under the contract. [49507/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 217 to 219, inclusive, together.

The salary and benefits of the Chief Executive Officer (CEO) were fully disclosed on Page 62 of the 2011 Annual Report of Irish Life & Permanent Group Holdings plc which is available at www.permanenttsbgroup.ie . In summary the CEO of Irish Life & Permanent who has been CEO of Irish Life since it’s separation in June 2012, received a salary in 2011 of €500,000 and other remuneration of €86,000.

I have been informed that the policy of Irish Life is that CEO expenses are only paid in respect of vouched expenditure and that this is provided for in the CEO’s contract. I have also been informed that the CEO has a permanent contract and that no termination payments are provided for in that contract.

The Deputy should also be aware that the current CEO will be retiring shortly and that a search for a new CEO has been ongoing, internally and externally, for several months. Irish Life & Permanent Group Holdings made an announcement in this regard on 26 June 2012.