Staff, including chief executive officers, of commercial State Sponsored Bodies do not come within the provisions of the legislation provided for in the Financial Emergency Measures in the Public Interest Act 2009. With the exception of chief executives, the Minister for Finance or I do not control the pay of staff of these bodies. However, the Minister for Finance has brought proposals to Government to review the arrangements governing the pay of chief executives. The Government has agreed that such a review should be undertaken. The Minister for Finance will shortly announce further information on the nature of the review and the group to undertake it.
Unlike the position in the commercial State Sponsored Bodies, staff of non-commercial State Sponsored Bodies, including the chief executive officers, come within the legislation referred to above and are subject to both the pension related deduction and the reductions in pay.