Written answers
Wednesday, 5 July 2023
Department of Finance
State Bodies
Fergus O'Dowd (Louth, Fine Gael)
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81. To ask the Minister for Finance the pay and any other benefits, including any loyalty payments/bonuses or other benefit-in-kind, of each chief executive of State/semi-State body or other public body under the aegis of his Department for each year since 2020, in tabular form; and if he will make a statement on the matter. [33051/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I can advise the Deputy as follows.
The Credit Union Advisory Committee was set up to advise the Minister for Finance in relation to credit union matters. It meets on a monthly basis in my Department, with Department officials providing a secretariat function. It does not have a full time chair or any full time employees.
The Credit Union Restructuring Board concluded its restructuring work on 31 March 2017. It was operationally wound down on 31 July 2017 and is awaiting final dissolution.
The Disabled Drivers Medical Board of Appeal (DDMBA) is a board of medical practitioners appointed by the Minister of Finance from a body of interested registered medical practitioners, on the recommendation of the Minister of Health. The DDMBA is currently not operational. When operational, the DDMBA has a defined role in respect of hearing appeals. The National Rehabilitation Hospital (NRH) provides clinical facilities and staffing (the Chair of the Board and the secretary of the Board) to facilitate the DDMBA in carrying out its remit, and costs incurred are reimbursed to the NRH annually by DFIN on receipt of relevant invoices from the NRH. The Chair of the Board is paid a salary in accordance with the HSE Consultant salary pay scale.
The Irish Bank Resolution Corporation Limited is in advanced liquidation and has no employees.
The information in the below table was provided by the remaining bodies under my Department’s remit.
| Body under Aegis of the Department of Finance & Title of head of Organisation | 2020 Pay | 2021 Pay | 2022 Pay | 2023 Pay to date | Other benefits/payments/bonuses/ BIK from 2020 to 2023 to date- |
|---|---|---|---|---|---|
| Central Bank of Ireland-Governor of the Central Bank | €288,224 | €293,257 | €307,108 | €157,286 | The Governor of the Central Bank of Ireland has not been paid any loyalty payments/bonuses or other benefit-in-kind. The Governor has been refunded for travel expenses in compliance with the standard Central Bank policy. The Governor is a member of the Central Bank of Ireland Superannuation (Defined Benefit) Pension scheme with standard entitlements. |
| Credit Review Office – Head of Credit Review | €65,000 | John Trethowan -€45,000Catherine Collins-€32,514.53 | €101,247.16 | €57,341.48 | The below amounts refer to expenses i.e. travel and parking.2020: €398.342021: €474.88 (€293.54 for John Trethowan and €181.34 for Catherine Collins)2022: €185.102023 to date: €112.24 |
| *Financial Services and Pensions Ombudsman | €160,643 | €163,313 | Ger Deering -€16,272 Mary Rose McGovern -€138,822 Liam Sloyan -€14,418 | €87,664 | Nil |
| Home Building Finance Ireland – Chief Executive Officer | €250,000 | €250,000 | €250,000 | €125,000 | The below amounts include car allowance and private health insurance.2020: €19,000 2021: €19,000 2022: €19,000 2023 to date: €9,000 |
| Irish Financial Services Appeals Tribunal – Chairperson | €7,008 | €7,008 | €7,008 | €2,152 | Nil |
| *Irish Fiscal Advisory Council – Chief Economist/Head of Secretariat | €98,573 | €104,300 | €102,494 | €56,324 | Nil |
| Investor Compensation Company DAC (ICCL) – Chief Operations Officer (COO) | €127,461 | €129,684 | €135,812 | €69,556 | The COO is an employee of the Central Bank of Ireland, assigned to the role of COO in the ICCL and as such has not been paid any loyalty payments/bonuses or other benefit-in-kind. The COO is a member of the Central Bank of Ireland Superannuation (Defined Benefit) Pension scheme with standard entitlements. |
| National Asset Management Agency – Chief Executive Officer | €430,000 | €430,000 | €430,000 | €215,000 | The below amounts include company car, reimbursement of professional subscriptions and private health insurance.2020: €19,246 2021: €20,463 2022: €23,150 2023 to date: €9,000 |
| **National Treasury Management Agency (NTMA)– Chief Executive | €480,000 | €480,000 | Conor O’Kelly €294,000 and Frank O’Connor €240,000 (Salary figure of €294,000 in 2022 includes base salary and annual leave accrued and owed which was paid upon completion of term) | €240,000 | The below amounts listed for both NTMA CEOs relate to private health insurance premiums.2020: €4,000 2021: €4,0002022: €4,000 - (€2,000 for Conor O’Kelly and €2,000 for Frank O’Connor)€2,000 for 2023 to date |
| Office of the Comptroller and Auditor General – Secretary and Director of Audit | €159,917.59 | €162,732.68 | €170,256.95 | €93,986.29 | The below payments are for the Chartered Accountants of Ireland membership fee. 2020: €582 2021: €582 2022: €594 2023 to date: €183.48 |
| Office of the Revenue Commissioners – Chairperson | €197,448.44 | €200,923.76 | €213,056.21 | €121,513.36 | Nil |
| Strategic Banking Corporation of Ireland – Chief Executive Officer | €250,000 | Nick Ashmore -€31,000 Ian Black -€135,000June Butler -€83,000 | €250,000 | €125,000 | The below amounts include car allowance, reimbursement of professional subscriptions and private health insurance. A performance related payment of €30,000 was paid in 2023 relating to performance in 2022. This is included in the 2022 benefits below. 2020: €24,0002021: €27,000 (3,000 for Nick Ashmore, €17,000 for Ian Black, €7,000 for June Butler)2022: €52,000 2023 to date: €13,000 |
| Tax Appeals Commission –Chairperson | €91,589-(Commenced employment on 1 July 2020) | €186,626 | €195,256 | €98,797 | Nil |
*In addition the Financial Services & Pensions Ombudsman and the Irish Fiscal Advisory Council have advised that their heads of organisation are members of a Pension scheme.
**The National Treasury Management Agency assigns staff to Home Building Finance Ireland (HBFI), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI). Contributions to retirement schemes are not included. All of this information is available in the public domain in each of the bodies’ Annual Reports for the years 2020-2022. The 2022 Annual Reports of the NTMA and SBCI are to be published shortly.
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