Mary Lou McDonald (Dublin Central, Sinn Fein)
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290. To ask the Minister for Public Expenditure and Reform the full year's savings to the Exchequer, both gross and net figures, if all public sector salaries excluding hospital consultants were capped at €100,000. [39806/13]

Brendan Howlin (Wexford, Labour)
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Based on the salary data currently available to my Department, the estimated full year gross saving in the Exchequer and Local Government pay bill excluding hospital consultants arising from a cap of €100,000 is some €75m. The estimate takes account of the reductions in pay arising from the Financial Emergency Measures in the Public Interest Act, 2009 and the Financial Emergency Measures in the Public Interest Act, 2013, but does not take account of any offsetting reductions in taxes and levies.

As the combined effect of the estimated marginal tax rate and the pension related reduction at a pay level for a public servant of €100,000 p.a. or higher is at least 62.5%, the estimated net savings would be reduced to some €28m.