Mary Lou McDonald
Question:247 Deputy Mary Lou McDonald asked the Minister for Public Expenditure and Reform the annual saving to the State if all current commercial semi-State companies CEO salaries were capped at €100,000. [36566/12]
View answerThursday, 19 July 2012
Questions (246)
Written answers
As the Deputy will be aware, the Government supports a strong policy of pay restraint in the public sector and in 2011 introduced a general pay ceiling of €250,000 per annum in the case of newly appointed CEOs in this sector and sought voluntary reductions from incumbent CEOs whose salaries were in excess of this pay ceiling.
I have no plans to introduce a unilateral pay ceiling of €100,000 per annum for CEOs of Commercial State Companies. However, if such a cap were to be introduced no direct savings would accrue to the State. The savings to the Commercial State Companies would be approximately €2.5m per annum if all current CEO salaries were capped at €100,000 per annum.