Michael McGrath
Question:63. Deputy Michael McGrath asked the Minister for Finance if AIB has requested a review of the salary cap that applies to the State-supported banks; and if he will make a statement on the matter. [3191/15]
View answerThursday, 22 January 2015
Questions (63)
Written answers
As the Deputy will be aware, this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration is capped at €500,000 (excluding normal pension entitlements) and variable rate pay such as bonuses are not permitted. AIB has not requested a review of the salary cap or bonus restrictions.