I propose to take Questions Nos. 264 to 267, inclusive, together.
The salaries referred to by the Deputy were subject to four FEMPI Acts,
- the Financial Emergency Measures in the Public Interest Act 2009 which introduced a new deduction from the remuneration of pensionable public servants, which is known as the Pension-Related Deduction (PRD)
- the Financial Emergency Measures in the Public Interest (No. 2) Act 2009 which provided for the reduction of the remuneration of public servants ranging from 5% to 15%
- the Financial Emergency Measures in the Public Interest Act 2013 implemented a further pay reduction for public servants earning annual salaries of more than €65,000 ranging from 5.5% to 10%
- the Financial Emergency Measures in the Public Interest Act 2015 which commenced the gradual, fiscally sustainable, unwinding of certain measures contained in the earlier Acts.
The impact of these Acts is set out in the following Table:
2015 Remuneration (Pre LRA Restoration)
|
Reduction Under FEMPI 2009 Act (PRD)
|
Reduction Under FEMPI 2009 (No. 2) Act (Pay Reduction
|
Reduction Under FEMPI 2013 Act.
|
Total FEMPI Reduction
|
LRA/HRA Benefit
|
% Restored
|
€70,000
|
€5,175
|
€5,453
|
€4,074
|
€14,702
|
€4,646
|
32%
|
€80,000
|
€6,225
|
€6,643
|
€4,783
|
€17,650
|
€5,280
|
30%
|
€100,000
|
€8,325
|
€9,058
|
€6,522
|
€23,905
|
€6,837
|
29%
|
€120,000
|
€10,425
|
€11,153
|
€8,261
|
€29,839
|
€8,394
|
28%
|