Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form the number of employees receiving basic salaries of more than €100,000 per year, more than €200,000 per year, more than €300,000 per year and more than €400,000 per year for each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency for the years 2009, 2010, 2011 and 2012. [52100/12]

Michael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to PQs 48795, 49499, 50511 and 50513 which I have answered in the last few weeks and which provide information on the basic salaries in the covered banking institutions. With reference to the further information requested the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis.

As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form the number of employees receiving total remuneration of more than €100,000 per year, more than €200,000 per year, more than €300,000 per year and more than €400,000 per year for each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency for the years 2009, 2010, 2011 and 2012. [52101/12]

Michael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to PQ 51068 [No. 187] which I answered on Tuesday 20th and which provides information on the remuneration packages in AIB, BOI, PTSB, IBRC, NAMA and NTMA. With reference to the further information requested the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis.

As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form the full remuneration packages for each of the chief executive officers of the covered banking institutions and the National Asset Management Agency and the National Treasury Management Agency and provide a breakdown on the basis of base salary, pension contributions and additional remuneration for 2009, 2010, 2011 and 2012. [52102/12]

Michael Noonan (Limerick City, Fine Gael)
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The Deputy should note that I have already provided the latest available information when responding to an earlier parliamentary question on 20 November (Ref: 51230/12) [No. 205]. The latest available information for the institutions are as follows:

Notes:

1) Current salary of the AIB CEO following a voluntary 15% reduction in September 2012.

2) BoI totals as disclosed in 2011 Annual Report.

3) The voluntary waiver has been extended until 31 December 2012 and the BoI CEO has also foregone some pension benefits.

4) PTSB CEO also received vouched expenses of €52,034 in 2012 to compensate him for costs incurred in relocating to Ireland.

5) The salary amounts relating to the CEO’s of the NTMA and NAMA shown in the table above are after the application of a 15% salary reduction.

6) The Public Service Pension Deduction is applied to the Chief Executives of the NTMA and NAMA. They are members of the NTMA defined benefit superannuation scheme and as members of the scheme prior to 1 January 2010 their pension benefits are based on final salary. The pension benefits of members who joined the scheme on or after 1 January 2010 are based on career average earnings. Unlike most public pension schemes which are funded on a pay as you go basis, the NTMA superannuation scheme is a funded scheme. Pension entitlements are within the standard entitlements in the model public sector defined benefit superannuation scheme. Pension contributions are not paid to individual employees – they are paid into the scheme. The level of potential pension payments to members is dependent on length of service, based on final salary or career average earnings, with 1/80th of salary accruing for each year of service.

7) Taxable benefits of NTMA and NAMA CEOs relate to car and health insurance as disclosed in 2011 annual reports.

8) The Chief Executives of the NTMA and NAMA waived any consideration for performance related pay in respect of 2010 and 2011.

Further details of the remuneration for the Chief Executive of the National Asset Management Agency was provided to the Deputy in the response to three other parliamentary questions (Ref: 51153/12, 51154/12 and 51155/12) on the same date.

For the earlier years information in relation to Chief Executive pay can be found in the published annual report and accounts.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form the total number of employees at each of the covered banking institutions and the National Asset Management Agency and the National Treasury Management Agency that received pay increases of more than €25,000 per year, more than €50,000 per year, more than €100,000 per year, more than €150,000 per year, more than €200,000 per year and more than €300,000 per year in 2009, 2010, 2011 and 2012. [52103/12]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form the total current value of the pension pots of each of the top 30 executives in each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency. [52104/12]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide in tabular form the total remuneration packages including a breakdown by base salary, pension contributions and other remuneration for each of the top 30 executives in each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency for 2009, 2010, 2011 and 2012. [52105/12]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.