Dáil Éireann Debate, Thursday - 13 July 2017
236. Deputy Ruth Coppinger asked the Minister for Finance the cost to introduce a minimum weekly gross wage of €600 for all full-time employees under the aegis of his Department; and if he will make a statement on the matter. [34543/17]
View answerIn response to the Deputy's question, I have been advised that of the 18 Bodies under the Aegis of my Department, 8 would have a cost to introduce a minimum weekly gross wage of €600 for all full-time employees. The information provided by the relevant bodies is listed in the following table:
|
Body |
The cost to introduce a minimum weekly gross wage of €600 for all full time employees |
|
Comptroller and Audit General |
€6,933 |
|
Central Bank |
The impact of the introduction of minimum gross weekly wage of €600 for all Central Bank of Ireland employees on Basic pay is an additional c. €270K annually. In addition, and reflecting PRSI & Pension add on costs the total impact would be c. €341K annually |
|
Financial Services Ombudsman Bureau |
€2,088 |
|
Investor Compensation Company |
€628.00 for financial year ending 31 July 2018 €0 for financial year ending 31 July 2019 |
|
Irish Fiscal Advisory Council |
The cost of introducing a minimum weekly gross wage of €600 would be €296.76 a week. This only arises for the duration of two six-week contracts. The total cost for 2017 would be €1,780.56 |
|
National Treasury Management Agency |
€50,560 |
|
Office of the Revenue Commissioners |
€7,300,000 |
|
Tax Appeals Commission |
c. €15,000 |
