As a subsidiary of a non commercial state agency Moorepark Technology Limited (MTL) is subject to public sector pay policy insofar as it is required to obtain Departmental approval for pay rates. MTL is also deemed to be a "public service body" under the Financial Emergency Measures in the Public Interest Act 2009 by virtue of the fact that they have a public service pension scheme, and is, therefore, statutorily prohibited from increasing pay rates. In this context, the terms of the Public Service Agreement 2010-2014 (Croke Park) extend to employees of MTL.
Having regard to the foregoing MTL has been advised that no pay increases will be approved in Departments, agencies or their subsidiaries in line with current public service pay policy and having regard to the explicit provisions of the Financial Emergency Measures in the Public Interest (No. 2) Act 2009.