I propose to take Questions Nos. 70, 72, 74 and 75 together.
Under the Central Bank Act 1942, the employment of staff at the Central Bank and their terms and conditions are matters for the Central Bank Commission. However, I have been informed by the Central Bank of the information set out in the tables below. The information includes information relating to the Irish Financial Services Regulatory Authority prior to 1 October 2010.
The following table sets out the total number of staff of the Bank who currently have a basic salary in excess of €100,000, the number in excess of €150,000, the number in excess of €200,000 and the number in excess of €250,000.
Salary Ranges
|
Central Bank Staff Total
|
€100,000 to €149,999
|
92
|
€150,000 to €199,999
|
18
|
€200,000 to €249,999
|
1
|
€250,000 +
|
3
|
The Central Bank publishes information related to remuneration of executive and non-executive directors in its annual report. No bonuses were paid by the Central Bank in 2010.
I have been informed by the Central Bank that salary reductions and pension-related deductions were dealt with under the Financial Emergency Measures in the Public Interest Acts and these took effect prior to the period to which the Deputy refers. As outlined in the Central Bank's 2010 Annual Report, the Governor's salary was reduced by 20% from 1 February 2010 and he also took an additional further voluntary salary reduction of 20%. The salaries of the Deputy Governor (Central Banking) and Deputy Governor (Financial Regulation) were reduced by 15% in 2010.
The following table sets out the number of persons employed by the Central Bank in 2010 and the average salary.
|
Total
|
Total Number Employed in 2010
|
Average of 1,114 (full time equivalent) staff employed for 2010.
|
Average basic salary for 2010
|
€60,724.
|