Mary Lou McDonald
Question:117 Deputy Mary Lou McDonald asked the Minister for Finance the annual saving to the Exchequer if all board members fees paid to agencies under his aegis were cut by 25%, 35% and 50%. [36620/12]
View answerThursday, 19 July 2012
Questions (117)
Written answers
In response to the Deputy's question the following table gives of the savings to be achieved if fees to board members were cut:
|
Body |
Saving if 25% cut in Fees |
Saving if 35% cut in Fees |
Saving if 50% cut in Fees |
|
Fiscal Council |
€17,400 |
€23,940 |
€34,200 |
|
Central Bank |
€14,963 |
€20,948 |
€29,926 |
|
Credit Union Advisory Committee |
€4,631 |
€6,484 |
€9,263 |
In relation to National Treasury Management Agency and associated bodies I have been provided with the following information in relation to fees paid to board members.
|
Board/Body Name |
No of board members |
Remuneration details in respect of board members and board chairpersons |
|
National Treasury Management Agency Advisory Committee |
Up to 7 Board members.Currently 1 vacancy |
Chair €50,000.Agreed to make a gift of 10% of 2009 remuneration to the Minister for Finance under s483 of the Taxes Consolidation Act.Ordinary Members €25,000.Agreed to make a gift of 10% of remuneration to the Minister for Finance under Section 483 of the Taxes Consolidation Act from 1 January 2009.Secretary General Department of Finance receives no fee in respect of his membership. |
|
National Development Finance Agency (NDFA) |
Up to 8 Board members. |
Chairman, as an ex-officio member, receives no fee.Ordinary Members €12,600 p.a.2 members (Chief Executive of the NTMA and the Chief Executive Officer of the NDFA) receive no fees in respect of their membership. |
|
National Pensions Reserve Fund Commission |
Up to 7 Board members |
Chair €51,424.Ordinary members €34,283.One member (Chief Executive of the NTMA) receives no fee in respect of his membership. |
|
National Asset Management Agency |
Up to 9 board members.Currently 2 vacancies |
The Chairman receives a fee of €150,000, six members receive fees of €60,000 each per annum while one member (also Chairman of the Credit Committee) receives a fee of €75,000 per annum. Each member of the NAMA Board also chairs or is a member of various NAMA Board committees. Their fees associated with these committees are included in the above.2ex-officio members (Chief Executive of the NTMA and the Chief Executive Officer of NAMA), receive no fees in respect of their membership. |
|
State Claims Agency Policy Committee |
Up to 7 Board members.Currently 2 vacancies |
Chair €13,713 p.a.Ordinary members €9,142 p.a.2 members (serving civil servants) do not receive fees in respect of their membership. |