Dáil Éireann Debate, Wednesday - 2 November 2011
244 Deputy Michael McGrath asked the Minister for Communications, Energy and Natural Resources if he will provide a list of the commercial semi-State companies under his remit whose chief executives have agreed to take a voluntary salary cut to bring them within the €250,000 salary cap announced by the Minister for Public Expenditure; and if he will make a statement on the matter. [31905/11]
View answerThe Deputy will be aware of the Government decision to introduce pay ceilings for higher posts across the public service and for CEO posts in Commercial State Companies. In addition, the Government sought voluntary waivers of 15% of salary from current incumbents whose salaries were in excess of the pay ceilings or a lesser amount if the application of the full 15% reduction would bring their salary level below the thresholds. I have been in contact with the three relevant commercial bodies under the aegis of my Department whose CEO salaries exceed €250,000 — An Post, Bord Gáis Éireann and the Electricity Supply Board. The Chief Executives of these bodies have all agreed to have the 15% waiver applied to their salaries. My Department is liaising with the bodies regarding the implementation of the salary reductions. In the case of Bord Gáis Éireann only, the voluntary reduction brings the Chief Executive's salary to within the €250,000 salary ceiling.
