Dáil Éireann Debate, Wednesday - 24 September 2008
323 Deputy Joan Burton asked the Minister for Finance the total payroll and the total financial package including basic salary, performance, other bonuses and pension entitlements of the chief executive officer of every public agency or quango under the aegis of his Department; and if he will make a statement on the matter. [30613/08]
View answerApart from the bodies staffed and headed by civil servants which report to me and where the remuneration arrangements are identical with those in Department and Offices, only the following body would seem to be comprehended by the Deputy's question:
Special EU Programmes Body
The salary scale for the Chief Executive is currently Stg £60,017 to Stg £83,439. There is an annual bonus structure in place in which the Chief Executive can be awarded up to a maximum of £8,000 dependent on assessment of performance by the Department of Finance and the Department of Finance and Personnel in Northern Ireland (assessed against previous year objectives). For 2008, the maximum bonus will rise to £10,000.
With regard to pension, as a member of the North/South Pension Scheme (a defined benefit scheme based on final salary), an annual pension of n/80ths of final salary will be payable on retirement. A lump sum will also be payable on retirement of 3 times the annual pension.
