Dáil Éireann Debate, Thursday - 9 June 2011
61 Deputy Thomas P. Broughan asked the Minister for Finance if he will consider the establishment of a high pay commission to examine the levels of high pay and compensation across the economy in both private and public sectors in view of the high levels of remuneration in the Irish economy, which can be multiples of more than 30 times the average industrial wage or 50 times the minimum wage; and if he will make a statement on the matter. [14938/11]
Amharc ar fhreagraI have no plans to establish a commission to examine levels of pay in the private and public sectors of the economy. Apart from instances where statutory rates of pay apply, pay rates in the private sector are generally a matter for negotiation between individual employers and employees. In the public service where the Government has a direct role in the determination of pay rates as employer, pay rates have already been reduced by up to 15% and a progressive pension related reduction applied through the Financial Emergency Measures in the Public Interest Acts.
I am currently reviewing the issue of the appropriate level of senior pay in the public service and I will be bringing proposals to Government shortly.
