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Dáil Éireann Debate, Tuesday - 27 March 2012

Tuesday, 27 March 2012

Questions (366, 367)

Michelle Mulherin

Question:

358 Deputy Michelle Mulherin asked the Minister for Communications, Energy and Natural Resources the bonus or performance related payment the chief executive officer of An Post receives per annum on top of their basic salary; the circumstances in which a bonus becomes payable; and the way it is calculated. [16146/12]

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Michelle Mulherin

Question:

359 Deputy Michelle Mulherin asked the Minister for Communications, Energy and Natural Resources the salary paid to the chief executive officer of An Post over the past five years; and if he will provide details and amounts of all bonuses and performance related payments received by them over that period. [16152/12]

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Written answers (Question to Minister for Communications, Energy and Natural Resources)

I propose to take Questions Nos. 358 and 359 together.

The following table shows the amounts paid to the An Post Chief Executive Officer (CEO) for the years 2006 to 2010 as stated in the five most recently published Annual Reports for the company:

2010 €

2009 €

2008 €

2007 €

2006 (CEO retired 13/7/06) €

2006 (CEO appointed 14/8/06) €

Basic Salary

386,000

386,000

379,000

353,000

170,000

130,000

Director’s fee

16,000

16,000

18,000

18,000

9,000

7,000

Non-pensionable performance related pay

61,000

58,000

21,000

Taxable benefits including use of company car

21,000

21,000

21,000

21,000

10,000

7,000

An Post's Performance Related Payment Scheme provides for up to 35% of basic pay: 25% applicable to annual objectives and 10% for multi-annual (3 years) objectives. The CEO has waived his entitlement under the 25% short term scheme since 2008. Amounts payable under the 10% long term scheme are not finalised and do not become payable until the end of the three year term. However, it is estimated that an amount of €97,000 has been earned by the current CEO under the 10% long term scheme since the date of his appointment (14 August 2006) up to 31 December 2009. No determination has been made yet in relation to amounts earned by the CEO in 2010 under the 10% long term scheme. An Post Annual Reports are available on its website: www.anpost.ie. The Annual Report for 2011 is currently being finalised and will be published in due course. I should also wish to advise the Deputy that the CEO voluntarily waived 15% of his salary with effect from 1st December 2011 and for 2012.

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