Written answers

Tuesday, 16 July 2013

Department of Finance

Departmental Bodies Board Remuneration

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
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236. To ask the Minister for Finance if he will provide, in tabular form, a breakdown of the fees and expenses paid to each member of each State board to include the chair and board member and the number of members on each State board under the aegis of his Department. [34513/13]

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
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304. To ask the Minister for Finance the annual saving to the Exchequer if all State Agency board fees were reduced by 25% under the aegis of his Department; and if he will make a statement on the matter. [35800/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 236 and 304 together.

The Details requested by the Deputy are contained in the following table:

Name of BoardNo Of Board Members Fees paid to members in 2012Expenses if any paid to board members 2012Estimates annual savings if 25% cut applied to fees payable to board members
Irish Fiscal Advisory Council5In the first half of 2012, an annual stipend of €5,000 (pro-rata) was payable to Members unless they were employed in the Irish public sector.

With effect from 1 July 2012, the fees payable to Council Members are based on those payable to Directors of Category 2 Non-Commercial State-Sponsored Bodies, which are set from time to time by the Dept. of Public Expenditure and Reform. The relevant fees are €20,520 for the Chair and €11,970 for Members. The fees, which are being paid on a pro-rata basis in 2012, are not payable to members of the Irish public service.
Travel and subsistence costs incurred in 2012: €25,723.In the event that all board members were employed outside of the Irish public service - €17,100.
Financial Services Ombudsman Council6 5 members each receive €12,600 per annum and one member the chairperson receives €21,600 per annum€5,108€21,150
National Treasury Management Agency Advisory
Committee
Up to 7 MembersChairperson is paid €45,000 per annum
Ordinary Member are paid €22,500 per annum

Secretary General of the Department of Finance receives no fee in respect of his membership.
Total Expenses paid to board members in2012 amounted to €32,121

Expenses relate to travel and accommodation costs incurred primarily by non-Irish based members.
€11,250 per annum in respect of the Chairperson

€5,625 per annum in respect of each ordinary member in receipt of fees
State Claims Policy Committee7 MembersChairperson: €13,713 per annum
Ordinary Member: €9,142 per annum

2 members (serving civil servants) received no fees in respect of their membership (one of these members replaced the other as a member during the year).
1 member waived their fee.
Nil€3,428 per annum in respect of the Chairperson

€2,285 per annum in respect of each ordinary member in receipt of fees
National Pension Reserve Fund Commission7 MembersChairperson: €51,424 per annum
Ordinary Member: €34,283 per annum

The Chief Executive of the NTMA as an ex officio member receives no fee in respect of his membership.
Nil€12,856 per annum in respect of the Chairperson

€8,571 per annum in respect of each ordinary member in receipt of fees
National Development Finance Agency Board 8 MembersChairperson: The Chief Executive of the NTMA is Chairperson of the NDFA. As an ex-officio member he receives no fee in respect of his membership.

Ordinary Member: €12,600 per annum

The Chief Executive of the NDFA as an ex officio member receives no fees in respect of his membership.
Secretary General of the Department of Public Expenditure and Reform receives no fee in respect of his membership.
1 member waived their fee.
Nil€3,150 per annum in respect of each ordinary member in receipt of fees
National Asset Management Agency Board9 Board MembersChairperson:€150,000 per annum
Ordinary Member: €60,000 per annum
while for one ordinary member (who is also Chairperson of the Credit Committee) receives €75,000.

3 members (the Chief Executives of the NTMA and NAMA who are ex officio members and another member of the NAMA Executive) receive no fees in respect of their membership.
Total expenses paid to board members in 2012 amounted to €60,247

Expenses relate to travel and accommodation costs incurred primarily by non-Irish based members.
€37,500 per annum in respect of the Chairperson

€15,000 per annum in respect of each ordinary member in receipt currently in receipt of €60,000 per annum and €18,750 in respect of the ordinary member currently in receipt of €75,000 per annum
ReBo (Credit Union Restructuring Board)13€21,945.00
(September to December 2012 only)
€11,393.01
(September to December 2012 only)
€16,459.00
Credit Union Advisory Committee (CUAC)6€16,055 was paid in total to members of the committee€4,516.18€4,014.00

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