I propose to take Questions Nos. 216 and 217 together.
In response to the Deputy's question details in respect of agencies under the remit of my Department are as follows:
Financial Services Ombudsman Bureau / Financial Services Ombudsman
In relation to the Financial Services Ombudsman Bureau / Financial Services Ombudsman no bonuses or performances related payments were made to any staff member since 2008.The only payment made to the Ombudsman (CEO) was a salary payment of €176,800 in line with his contract.The Financial Services Ombudsman Bureau pension contribution for the Ombudsman was €44,200 in 2012. The Financial Services Ombudsman has informed me that all of the above figures will be published in the 2012 Annual Report in due course.
Central Bank
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.No performance related bonuses or allowances were paid to staff in the period January 2009 to present. No performance related bonuses were awarded to management in the period 2008 to present date.In December 2008, the majority of clerical, administrative and technical and general staff received annual performance related bonuses of €892 (fixed gross amount).
In respect of the pay of the Governor they have informed me that his salary was reduced to €276,324 in 2010. During that year, the Governor surrendered €41,741 of his total salary to the Minister for Finance which resulted in an annual salary net of this amount of €234,583. In 2012, the Governor surrendered a total of €63,324 of his annual salary of €276,324 to the Minister for Finance which resulted in an annual salary net of this amount of €213,000.
Under the Central Bank’s superannuation scheme, permanent bank staff obtain the same superannuation benefits as established civil servants. Patrick Honohan's pension entitlements do not extend beyond the standard entitlements in the model public sector defined benefit superannuation scheme.
Revenue Commissioners
I am informed by the Revenue Commissioners that details of extra remuneration, exceptional performance awards and performance related pay are contained in the tables below:
Details of Extra Remuneration:
Category of Payment
|
2008
|
2009
|
2010
|
2011
|
2012 (Provisional)
|
Higher, special or
additional duties:
|
851
|
531
|
472
|
476
|
442
|
Revenue Enforcement Allowance*
|
345
|
314
|
345
|
336
|
348
|
Shift and Roster
Allowances:
|
183
|
171
|
177
|
179
|
174
|
Miscellaneous Allowances:
|
87
|
74
|
63
|
68
|
67
|
* The Revenue Enforcement Allowance is paid for flexibility and atypical attendance to staff involved the area of frontier control, shadow economy, enforcement/anti-smuggling/investigation/serious non-compliance activities.
Total amount paid in additional remuneration above
|
2008
|
2009
|
2010
|
2011
|
2012 (Provisional)
|
Total Amount
|
€4.419m
|
€4.181m
|
€4.141m
|
€4.332m
|
€
3.992m
|
Exceptional Performance Awards**:
|
2008
|
2009
|
2010
|
2011
|
2012 (Provisional)
|
Individual Awards
|
238
|
621
|
1,038
|
1,121
|
1,088
|
Group Awards (No. of Staff)
|
22 (774)
|
34 (292)
|
20 (367)
|
8 (129)
|
4 (95)
|
Gross Amount
|
€452,078
|
€252,800
|
€305,578
|
€314,948
|
€
165,077
|
Net of Tax
|
€285,177
|
€152,228
|
€183,793
|
€175,527
|
€
103,574
|
**Under Revenue's administrative budget 0.2% of payroll was available in respect of ex gratia payments or other awards to individual staff members or groups of staff by way of recognition of exceptional performance of duty. It was used to encourage staff to improve service delivery, organisational efficiency or effectiveness. Payments are reported in Revenue's Annual Appropriation Account.
Assistant Secretary Performance Pay
|
2008
|
2009
|
No. Of Recipients
|
16
|
Ceased from 2009
|
Total Amount
|
€196,900
|
|
In addition the Revenue Commissioners have informed me that the Chairman's annual salary is €215,590, but in accordance with Government policy of a €200,000 pay ceiling for senior positions, salary in excess of €200,000 has been waived. The Chairman’s pension entitlements are in accordance with normal civil service rules.
National Treasury Management Agency
Information in respect of performance related payments made to National Treasury Management Agency (NTMA) staff is set out in the table below. All National Asset Management Agency (NAMA) staff are NTMA employees and are included in the table below.
The NTMA employed a total of 500 staff as at the end of 2012.
Year
|
Total Amount of Performance Related Pay
|
Number of Staff who received Performance Related Pay
|
2012
|
€43,100
|
6
|
2011
|
€62,610
|
5
|
2010
|
€1,981,760
|
258
|
2009
|
€3,331,480
|
161
|
2008
|
€3,048,280
|
139
|
In addition the NTMA made total payments of €170,364 to 74 employees and €140,500 to 59 employees in relation to 2011 and 2012 respectively. These payments were to employees on lower salaries who contributed significant additional work hours. The NTMA does not have formal overtime payment arrangements in place for staff.
The remuneration details of the chief executives of the NTMA, National Development Finance Agency (NDFA) and NAMA are published in the annual reports of the relevant bodies. The remuneration of the chief executives consists of basic salary, taxable benefits and a performance-related payment.The remuneration details for 2012 are as follows:
|
NTMA
|
NDFA
|
NAMA
|
Basic Salary
|
€416,500
|
€297,000
|
€365,500
|
Performance-
related Pay
|
Nil
|
Nil
|
Nil
|
Taxable Benefits
|
€29,600
|
€27,762
|
€22,664
|
The chief executives agreed to waive 15% of their salaries following a request by the Minister for Finance and the adjustment in each case is reflected in the above figures. The chief executives waived any consideration for performance-related pay in 2012 (as they did previously in 2011 and 2010).
The chief executives’ pension entitlements do not extend beyond the standard entitlements in the model public sector defined benefit superannuation scheme.