Dáil Éireann Debate, Tuesday - 28 January 2014
184. Deputy Pearse Doherty asked the Minister for Finance the number of staff at all of the covered banking institutions, the National Treasury Management Agency and National Asset Management Agency in the year 2013 on a total remuneration package, including pension payments, allowances and benefits of between €100,000 and €200,000, between €200,000 and €300,000 and between €300,000 and €400,000, and the number on more than €500,000. [3597/14]
Amharc ar fhreagraAs the Deputy will be aware the Review of Remuneration Practices & Frameworks at the Covered Institutions (the "Mercer Report") was published by my Department on 12 March 2013. The following breakdown of total salary and remuneration appears on page 43 of that review.
|
|
AIB |
AIB |
BOI |
BOI |
|
Number of staff |
Salary |
Remuneration |
Salary |
Remuneration |
|
€300,000 - €399,999 |
7 |
11 |
20 |
34 |
|
€400,000 - €499,999 |
3 |
11 |
12 |
15 |
|
€500,000 or over |
0 |
0 |
6 |
11 |
Note 1: There are differences in data methodology, timing and exchange rates which account for differences in the data presented here and that shown in responses to parliamentary questions. Data for PTSB and IBRC is not shown for reasons of data protection. There is a whole host of additional disclosures in the report that give further detailed breakdowns of pay across the banks, in particular the chart on page 42 and the table on page 46 which shows a breakdown by institution by grade of the number of staff, their salary and total remuneration as follows -
|
- |
|
AIB |
BoI(2), |
IBRC |
PTSB |
|
Chief Executive |
Number of employees |
1 |
1 |
1 |
1(4) |
|
Salary |
€425,000 |
€623,000(3) |
€500,000 |
€400,000 |
|
|
Total Remuneration |
€488,800 |
€776,400 |
€683,600 |
€460,000 |
|
|
Senior Executives (1) |
Number of employees |
8 |
8 |
7 |
9 |
|
Salary |
€327,200 |
€408,3003 |
€365,100 |
€209,300 |
|
|
Total Remuneration |
€434,200 |
€517,400 |
€535,700 |
€269,600 |
|
|
Executives |
Number of employees |
118 |
103 |
46 |
20 |
|
|
Salary |
€174,800 |
€198,700 |
€184,100 |
€173,900 |
|
|
Total Remuneration |
€230,100 |
€251,800 |
€253,900 |
€220,100 |
|
Senior Manager / Manager |
Number of employees |
2,199 |
3,326 |
291 |
271 |
|
|
Salary |
€87,100 |
€76,800 |
€87,200 |
€83,000 |
|
|
Total Remuneration |
€108,300 |
€96,600 |
€115,600 |
€109,200 |
|
Assistant Manager / Senior Specialist |
Number of employees |
3,508 |
2,405 |
219 |
554 |
|
|
Salary |
€51,500 |
€49,800 |
€55,100 |
€52,700 |
|
|
Total Remuneration |
€62,300 |
€61,200 |
€61,900 |
€65,200 |
|
Senior Clerical / Specialist |
Number of employees |
1,584 |
3,617 |
237 |
518 |
|
|
Salary |
€44,100 |
€41,800 |
€40,400 |
€43,800 |
|
|
Total Remuneration |
€54,600 |
€49,900 |
€45,100 |
€54,900 |
|
Clerical |
Number of employees |
7,034 |
4,789 |
200 |
982 |
|
|
Salary |
€32,600 |
€29,600 |
€31,300 |
€30,000 |
|
|
Total Remuneration |
€37,300 |
€35,800 |
€34,500 |
€34,400 |
Notes:
1 The Leadership Team in AIB.
2 US employees are not included in the corporate grading structure and are therefore not included in this analysis.
3 Salary figures are net of a voluntary waiver where applicable.
4 2012 Chief Executive data extracted from responses to recent Parliamentary Questions.
Remuneration of NTMA employees (including taxable benefits) as at end December 2013 is set out below. All NAMA staff are employees of the NTMA and under Section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. NAMA reimburses the NTMA the costs of staff assigned to NAMA.
|
NTMA Remuneration as at 31 December 2013 (post FEMPI reductions) |
|||
|
|
NTMA (ex NAMA) |
NAMA |
Total |
|
Up to €100,000 |
258 |
223 |
481 |
|
€100,001 to €200,000 |
57 |
105 |
162 |
|
€200,001 to €300,000 |
8 |
2 |
10 |
|
€300,001 to €400,000 |
1 |
2 |
3 |
|
€400,001 to €450,000 |
1 |
0 |
1 |
|
Total |
325 |
332 |
657 |
The figures above exclude pension contributions. The Public Service Pension Deduction is applied to NTMA employees. NTMA employees are members of the NTMA defined benefit superannuation scheme or else have Personal Retirement Savings Accounts. The pension benefits of members of the NTMA superannuation scheme prior to 1 January 2010 are based on final salary. The pension benefits of members who joined the scheme on or after 1 January 2010 are based on career average earnings. Unlike most public pension schemes which are funded on a pay as you go basis, the NTMA superannuation scheme is a funded scheme. Pension entitlements are within the standard entitlements in the model public sector defined benefit superannuation scheme. Pension contributions are not paid to individual employees they are paid into the scheme. The level of potential pension payments to members is dependent on length of service, based on final salary or career average earnings, with 1/80th of salary accruing for each year of service.
The banks will provide updated remuneration disclosures in their 2013 financial statements which will be issued in the coming months.
