Dáil Éireann Debate, Tuesday - 13 November 2012
213. Deputy Pearse Doherty asked the Minister for Finance the salary paid to the Chief Executive Officer of Permanent TSB; and if he will provide a listing and quantification of any additional benefits paid, and in respect of any expense allowance; if he will confirm if such allowances are paid only in respect of vouched and receipted expenditure. [49501/12]
View answer214. Deputy Pearse Doherty asked the Minister for Finance if the Chief Executive Officer of Permanent TSB is employed on a temporary contract; if so, the date on which this contract was entered into; the termination date of this contract; if he will quantify any termination payments provided for under the contract. [49502/12]
View answer215. Deputy Pearse Doherty asked the Minister for Finance if the Chief Executive Officer of Permanent TSB is employed on a continuing or permanent contract; if so, if he will quantify any termination payments provided for under the contract. [49503/12]
View answerI propose to take Questions Nos. 213 to 215, inclusive, together.
I am advised by Permanent TSB that the Chief Executive Officer’s (CEO’s) salary is €400,000 per annum. The employer also contributes 15% of base salary to a defined contribution pension scheme.
I am informed that the CEO also received vouched expenses of €52,034 to compensate him for costs incurred in relocating to Ireland. The CEO has now fully relocated to Ireland. The CEO has no additional allowances but is entitled to reclaim business expenses in respect of vouched expenditure.
I have also been informed that the CEO has a permanent contract and that the employer can terminate the CEO contract by giving 11.5 months notice.
