Dáil Éireann Debate, Wednesday - 7 November 2012
44. Deputy Pearse Doherty asked the Minister for Finance the salary paid to the Chief Executive Officer of the Irish Bank Resolution Corporation Mr MikeAynsley and to provide a listing and quantification of any additional benefits paid; and in respect of any expenses allowance; if he will confirm if such allowances are paid only in respect of vouched and receipted expenditure. [48796/12]
View answer45. Deputy Pearse Doherty asked the Minister for Finance if he will confirm if the Chief Executive Officer of the Irish Bank Resolution Corporation Mr Mike Aynsley is employed on a temporary contract; the date on which this contract was entered into; the termination date of this contract and if he will quantify any termination payments provided for under the contract. [48797/12]
View answer46. Deputy Pearse Doherty asked the Minister for Finance if the Chief Executive Officer of the Irish Bank Resolution Corporation Mr Mike Aynsley is employed on a continuing or permanent contract and if he will quantify any termination payments provided for under the contract. [48798/12]
View answerI propose to take Questions Nos. 44 to 46, inclusive, together.
I have been advised by IBRC that the CEO, Mike Aynsley, is a permanent employee of the Bank. Mr. Aynsley’s contract was entered into in August 2009 and was effective from 7 September 2009. The normal termination date of the contract is upon the CEO’s 60th birthday which is 24 March 2018. Standard termination payments in lieu of notice exist. All temporary allowances are paid only in respect of vouched and receipted expenditure.
|
- |
2009 |
2010 |
2011 |
2012 forecast |
|
- |
€ (‘000) |
€ (‘000) |
€ (‘000) |
€ (‘000) |
|
Salary |
€160 |
€500 |
€500 |
€500 |
|
Benefits |
€18 |
€41 |
€38 |
€38 |
|
Pension |
€40 |
€125 |
€125 |
€125 |
|
Temporary Allowances |
€125 |
€294 |
€203 |
€0 |
|
Total |
€343* |
€960** |
€866 |
€663 |
*Note: The amount of €343,000 differs to the figure of €329,000 reported in the Bank’s Annual Report & Accounts 2009 as a result of adjustments made in the following year.
**Note: The amount of €960,000 differs to the figure of €974,000 reported in the Bank’s Annual Report & Accounts 2010 as a result of adjustments made for 2009.
