David Cullinane
Question:583. Deputy David Cullinane asked the Minister for Public Expenditure and Reform the estimated full-year savings for 2017 by reducing public sector pay over €100,000 by 15% and over €150,000 by 30%. [13655/16]
View answerTuesday, 31 May 2016
Questions (583)
Written answers
Based on the information currently available to my Department, the estimated full year gross saving in the Exchequer and Local Government pay bill arising from a reduction in public service salaries for amounts in excess of €100,000 of 15% and amounts in excess of €150,000 of 30% is some €47m. This does not take account of any offsetting reductions in taxes and levies. As the combined effect of the estimated marginal tax rate and the pension related reduction at a pay level for a public servant of €100,000 p.a. or higher is at least 62.5%, the estimated net savings would be reduced to less than €17.6m.