Mary Lou McDonald (Dublin Central, Sinn Fein)
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241. To ask the Minister for Finance the full year saving to the Exchequer if all commercial semi State CEO's pay under the aegis of his Department were reduced by 10%; and if he will make a statement on the matter. [39263/13]

Mary Lou McDonald (Dublin Central, Sinn Fein)
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242. To ask the Minister for Finance the full year saving to the Exchequer if all non-commercial State sponsored bodies CEO salaries under the aegis of his Department were reduced by 10%; and if he will make a statement on the matter. [39272/13]

Mary Lou McDonald (Dublin Central, Sinn Fein)
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243. To ask the Minister for Finance the full year saving to the Exchequer if all State agency board members fees, non commercial State sponsored bodies and commercial semi State companies, under the aegis of his Department were reduced by 25%; and if he will make a statement on the matter. [39282/13]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 241 to 243, inclusive, together.

The information requested by the Deputy is as follows: I announced in June of this year that it is planned to dissolve the National Treasury Management Agency Advisory Committee, the State Claims Agency Policy Committee, the National Development Finance Agency Board and the National Pensions Reserve Fund Commission and to replace them with an over-arching National Treasury Management Agency Board. The necessary legislation is currently being drafted. The NAMA Board is remunerated from NAMA’s operating income, not from the Exchequer. Total remuneration paid to members of the NAMA Board was €405,000 in 2012. The salary of the CEO of ReBo - the Credit Union Restructuring Board - post Haddington Road agreement is €85,127 per annum. If a 10% cut was applied to this, it would result in a saving of €8,512 per annum. ReBo has a Chairman and 10 ordinary board members. The Chairman has an annual fee of €11,970 and the ordinary board has annual fee of €7,695. The estimated annual savings would be €22,230 if a 25% cut was applied to fees.

It is important to note that the figures for the Irish Fiscal Advisory Council are calculated based on the maximum cost possible. As is policy, no fees are paid to members of the Irish public service, and as such, at present, this affects the Chair and one Council Member, who do not receive fees. Thus the total fees cost relates to a calculation of the maximum applicable. 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 Department of Public Expenditure and Reform. The relevant fees for the chair are €20,520. The fees are not payable to members of the Irish public service. Given that the Chair Fees are €20,520, if 10% was deducted from Chair’s pay in the event that the Chair was employed outside of the Irish public service, the savings would be €2,052. The Irish Fiscal Advisory Council does not have a CEO, but we have answered for their Chair.

Revenue is not a commercial or non-commercial Semi-State Board and there are no board member fees. The Irish Financial Services Appeals Tribunal is not Exchequer funded. The Central Bank of Ireland is not Exchequer-funded. The Financial Services Ombudsman Council determines the levies and charges payable for the performance of services provided by the Financial Services Ombudsman. These levies are charged by industry. The Credit Union Advisory Council has a Chairman and 5 ordinary board members. The Chairman has an annual fee of €3,705 and the ordinary members have annual fees of €2,470. The estimated savings would be €4,013 per annum if a 25% cut was applied to fees.