Dáil Éireann Debate, Tuesday - 21 February 2017
362. Deputy Pat Buckley asked the Minister for Public Expenditure and Reform the estimated savings that would accrue if a €100,000 salary cap was placed on all civil servants including the Judiciary, public servants and public representatives; and if he will make a statement on the matter. [8381/17]
View answerBased 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 €100,000 salary cap is approximately €267m.
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 some €100m
