Written answers
Thursday, 13 July 2017
Department of Finance
Departmental Staff Remuneration
Ruth Coppinger (Dublin West, Solidarity)
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236. To ask the Minister for Finance the cost to introduce a minimum weekly gross wage of €600 for all full-time employees under the aegis of his Department; and if he will make a statement on the matter. [34543/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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In response to the Deputy's question, I have been advised that of the 18 Bodies under the Aegis of my Department, 8 would have a cost to introduce a minimum weekly gross wage of €600 for all full-time employees. The information provided by the relevant bodies is listed in the following table:
| Body | The cost to introduce a minimum weekly gross wage of €600 for all full time employees |
|---|---|
| Comptroller and Audit General | €6,933 |
| Central Bank | The impact of the introduction of minimum gross weekly wage of €600 for all Central Bank of Ireland employees on Basic pay is an additional c. €270K annually. In addition, and reflecting PRSI & Pension add on costs the total impact would be c. €341K annually |
| Financial Services Ombudsman Bureau | €2,088 |
| Investor Compensation Company | €628.00 for financial year ending 31 July 2018 €0 for financial year ending 31 July 2019 |
| Irish Fiscal Advisory Council | The cost of introducing a minimum weekly gross wage of €600 would be €296.76 a week. This only arises for the duration of two six-week contracts. The total cost for 2017 would be €1,780.56 |
| National Treasury Management Agency | €50,560 |
| Office of the Revenue Commissioners | €7,300,000 |
| Tax Appeals Commission | c. €15,000 |
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