Departmental Staff Remuneration

Dáil Éireann Debate, Tuesday - 27 September 2016

Tuesday, 27 September 2016

Ceisteanna (219)

Ruth Coppinger

Ceist:

219. Deputy Ruth Coppinger asked the Minister for Finance the cost of introducing a minimum wage of €12, €13, €14 or €15 an hour for all employees under the aegis of his Department; and if he will make a statement on the matter. [27779/16]

Freagraí scríofa

Minister for Finance

In response to the Deputy's question, my officials have consulted with Bodies under the Aegis of the Department of Finance, and the information sought is provided in tabular form.

Name of body	Comments	Cost of introducing minimum wage of €12 an hour	Cost of introducing minimum wage of €13 an hour	Cost of introducing minimum wage of €14 an hour	Cost of introducing minimum wage of €15 an hour
1 Comptroller & Auditor General		€3,168	€5,255	€7,342	€9,429
2 Central Bank	These cost figures include Employer PRSI (10.75%) and Employer pensions (15.9%)	€41,402	€124,906	€278,528	€480,893
3 Credit Review Office	Nil	0	0	0	0
4 Credit Union Advisory Committee	Not applicable  payments made by quarterly fee	n/a	n/a	n/a	n/a
5 Credit Union Restructuring Board (ReBo)	Nil	nil	nil	nil	nil
6 Disabled Drivers Medical Board of Appeal	Nil	nil	nil	nil	nil
7 Financial Services Ombudsman Bureau	Nil	Nil	Nil	Nil	€2,059 pa
8 Financial Services Ombudsman Council	Not applicable Council has no staff	n/a	n/a	n/a	n/a
9 Investor Compensation Company Ltd		Circa €1,356 estimated	Circa €5,412 estimated	Circa €9,468 estimated	Circa €13,524 estimated
10 Irish Bank Resolution Corporation	All remaining employees in IBRC (in Special Liquidation) are salaried employees on a fixed term contract earning in excess of terms laid out in the question	nil	nil	nil	nil
11 Irish Financial Services Appeals Tribunal	Nil	Nil	Nil	Nil	Nil
12 Irish Fiscal Advisory Council	Nil	Nil	Nil	Nil	Nil
13 National Asset Management Agency)	Included in NTMA response below
14 National Treasury Management Agency (The Board)	The NTMA advises that the information they have supplied for this response is inclusive of staff in NAMA and the SBCI (Strategic Banking Corporation of Ireland) as they are employed through the NTMA.  The NTMA's remuneration model is based on confidential, individually negotiated employment contracts.  The NTMA employs all staff on NTMA contracts and then assigns as required to NAMA or the SBCI. There are a very small number of staff who would be affected by changes to their hourly/weekly rate of pay.  Disclosing the numbers in the format requested would compromise confidentiality given the small number of staff involved.
15 Tax Appeals Commission	Answer based on a 40-hour week Current staffing levels and grades and points on scale as at 21 Sept are assumed	Nil	Nil	Nil	€1,900 approx in a full year
16 Office of the Revenue Commissioners	Information based on annualised salary figures provided by PeoplePoint and an average of 43.25 hours per week. The totals also Employer's PRSI	€4.9m	€6.9m	€9.3m	€12.4m
17 Social Finance Foundation	Nil response	Nil	Nil	Nil	Nil
18 Strategic Banking Corporation of Ireland	Included in NTMA response