Header Item Written Answers Nos. 69 - 78
   Header Item Banking Sector Remuneration
   Header Item Banking Sector Remuneration
   Header Item Banking Sector Remuneration
   Header Item Banking Sector Remuneration
   Header Item Banking Sector Remuneration
   Header Item Banking Sector Remuneration
   Header Item Student Grant Scheme Applications
   Header Item Teacher Recruitment
   Header Item Third Level Courses Availability
   Header Item Pension Provisions

Thursday, 22 November 2012

Dáil Éireann Debate
Vol. 784 No. 1
Unrevised

First Page Previous Page Page of 68 Next Page Last Page

Written Answers Nos. 69 - 78

Banking Sector Remuneration

 69. Deputy Pearse Doherty Information on Pearse Doherty Zoom on Pearse Doherty asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if he will provide in tabular form the number of employees receiving basic salaries of more than €100,000 per year, more than €200,000 per year, more than €300,000 per year and more than €400,000 per year for each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency for the years 2009, 2010, 2011 and 2012. [52100/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan I refer the Deputy to PQs 48795, 49499, 50511 and 50513 which I have answered in the last few weeks and which provide information on the basic salaries in the covered banking institutions. With reference to the further information requested the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis.

As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Banking Sector Remuneration

 70. Deputy Pearse Doherty Information on Pearse Doherty Zoom on Pearse Doherty asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if he will provide in tabular form the number of employees receiving total remuneration of more than €100,000 per year, more than €200,000 per year, more than €300,000 per year and more than €400,000 per year for each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency for the years 2009, 2010, 2011 and 2012. [52101/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan I refer the Deputy to PQ 51068 [No. 187] which I answered on Tuesday, 20 November 2012 and which provides information on the remuneration packages in AIB, BOI, PTSB, IBRC, NAMA and NTMA. With reference to the further information requested the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 parliamentary questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis.

As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Banking Sector Remuneration

 71. Deputy Pearse Doherty Information on Pearse Doherty Zoom on Pearse Doherty asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if he will provide in tabular form the full remuneration packages for each of the chief executive officers of the covered banking institutions and the National Asset Management Agency and the National Treasury Management Agency and provide a breakdown on the basis of base salary, pension contributions and additional remuneration for 2009, 2010, 2011 and 2012. [52102/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan The Deputy should note that I have already provided the latest available information when responding to an earlier parliamentary question on 20 November 2012 (Ref: 51230/12) [Question No. 205]. The latest available information for the institutions are as follows:

-Salary €

(‘000)
Pension €

(‘000)
Other benefits/ remuneration €(‘000)Amount WaivedTotal €

(‘000)
AIB425(1)63.75--488.75
Bank of Ireland(2)69017434(67)(3)831
IBRC50012538-663
Permanent TSB40060--460(4)
NTMA416.5(5)-(6)28.6(7)-445.1(8)
NAMA365.5(5)-(6)24.5(7)-390(8)


Notes:

1) Current salary of the AIB CEO following a voluntary 15% reduction in September 2012.

2) BoI totals as disclosed in 2011 Annual Report.

3) The voluntary waiver has been extended until 31 December 2012 and the BoI CEO has also foregone some pension benefits.

4) PTSB CEO also received vouched expenses of €52,034 in 2012 to compensate him for costs incurred in relocating to Ireland.

5) The salary amounts relating to the CEO’s of the NTMA and NAMA shown in the table above are after the application of a 15% salary reduction.

6) The Public Service Pension Deduction is applied to the Chief Executives of the NTMA and NAMA. They are members of the NTMA defined benefit superannuation scheme and as members of the scheme prior to 1 January 2010 their pension benefits 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.

7) Taxable benefits of NTMA and NAMA CEOs relate to car and health insurance as disclosed in 2011 annual reports.

8) The Chief Executives of the NTMA and NAMA waived any consideration for performance related pay in respect of 2010 and 2011.

Further details of the remuneration for the Chief Executive of the National Asset Management Agency was provided to the Deputy in the response to three other parliamentary questions (Ref: 51153/12, 51154/12 and 51155/12) on the same date.
-2011 €2010 €
Salary430,000430,000
Taxable benefits (car and health insurance) 24,483 23,036


For the earlier years information in relation to Chief Executive pay can be found in the published annual report and accounts.
-2011/2010 data2009 data
AIBPages 380 and 381 of 2011 Annual Report and AccountsPage 262 of 2009 Annual Report and Accounts
BOIPages 160 and 162 of 2011 Annual Report and AccountsPage 120 of 2009 Annual Report and Accounts
IBRCPages 149 and 150 of 2011 Annual Report and AccountsPage 146 of 2009 Annual Report and Accounts
PTSBPage 62 of 2011 Annual Report of Irish Life and Permanent Group HoldingsPage 59 of 2009 Annual Report of Irish Life and Permanent Group Holdings
NTMAPage 61 of 2011 Annual Report and Accounts, page 65 of 2010 Annual Report and Accounts Current CEO took up office at the beginning of 2010.

Banking Sector Remuneration

 72. Deputy Pearse Doherty Information on Pearse Doherty Zoom on Pearse Doherty asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if he will provide in tabular form the total number of employees at each of the covered banking institutions and the National Asset Management Agency and the National Treasury Management Agency that received pay increases of more than €25,000 per year, more than €50,000 per year, more than €100,000 per year, more than €150,000 per year, more than €200,000 per year and more than €300,000 per year in 2009, 2010, 2011 and 2012. [52103/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan As the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 parliamentary questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Banking Sector Remuneration

 73. Deputy Pearse Doherty Information on Pearse Doherty Zoom on Pearse Doherty asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if he will provide in tabular form the total current value of the pension pots of each of the top 30 executives in each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency. [52104/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan As the Deputy will be aware, officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Banking Sector Remuneration

 74. Deputy Pearse Doherty Information on Pearse Doherty Zoom on Pearse Doherty asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan if he will provide in tabular form the total remuneration packages including a breakdown by base salary, pension contributions and other remuneration for each of the top 30 executives in each of the covered banking institutions, the National Asset Management Agency and the National Treasury Management Agency for 2009, 2010, 2011 and 2012. [52105/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan As the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50 Parliamentary Questions on these topics alone in the past two weeks. The further more detailed information sought in this question is not available to my Department at the present time and the compilation of this information, particularly the historic element, is likely to delay completion of the Mercer Remuneration Report which is a Government priority. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. As part of the review process I will ask my officials to engage with the banks to agree an appropriate level of public disclosure relating to remuneration that ensures an appropriate balance between the public good and the commercial and data protection issues which arise for the Covered Banks.

The NTMA publishes information on salaries by salary band in its annual report. As required by the Code of Practice for the Governance of State Bodies, remuneration details of the Chief Executives of the NTMA, NAMA and NDFA are published in the financial statements of the relevant body. My officials will engage with the NTMA to determine if current arrangements with regard to disclosure of remuneration levels remain appropriate.

Student Grant Scheme Applications

 75. Deputy Jack Wall Information on Jack Wall Zoom on Jack Wall asked the Minister for Education and Skills Information on Ruairí Quinn Zoom on Ruairí Quinn the position regarding an appeal for a student maintenance grant in respect of a person (details supplied) in County Kildare; and if he will make a statement on the matter. [51926/12]

Minister for Education and Skills (Deputy Ruairí Quinn): Information on Ruairí Quinn Zoom on Ruairí Quinn The decision on eligibility for new student grant applications from the 2012/13 academic year is a matter for the new centralised grant awarding authority, SUSI (Student Universal Support Ireland).

If an individual applicant considers that she/he has been unjustly refused a student grant, or that the rate of grant awarded is not the correct one, she/he may appeal, in the first instance, to SUSI.

I understand that on 7th November, 2012 the student referred to by the Deputy submitted an appeal to SUSI. A reply will issue directly to the applicant as soon as a determination is made on it.

Where an individual applicant has had an appeal turned down, in writing, by SUSI, and remains of the view that SUSI has not interpreted the scheme correctly in his/her case, an appeal form outlining the position may be submitted by the applicant to the Student Grant Appeals Board.

Teacher Recruitment

 76. Deputy Terence Flanagan Information on Terence Flanagan Zoom on Terence Flanagan asked the Minister for Education and Skills Information on Ruairí Quinn Zoom on Ruairí Quinn his views on a query regarding teaching (details supplied); and if he will make a statement on the matter. [51932/12]

Minister for Education and Skills (Deputy Ruairí Quinn): Information on Ruairí Quinn Zoom on Ruairí Quinn Circular 31/2011 details a cascade of measures for recruitment of teachers, prioritising unemployed registered teachers over retired registered teachers and registered teachers over unregistered persons.

Each principal must report to his or her board of management on a regular basis on the fact that a list of unemployed registered teachers is being maintained, and the circumstances in which he or she has had to engage a registered teacher in receipt of a pension under a public service pension scheme or an unregistered person.

In addition to the above, under Circular 0040/2011, teachers who are retired and who return to teaching are now remunerated at the first point of the revised salary scales applicable to new entrants. This represents a significant financial disincentive for teachers who retired at the top of their salary scale, often with a post of responsibility allowance, to return to teaching.

Third Level Courses Availability

 77. Deputy Jerry Buttimer Information on Jerry Buttimer Zoom on Jerry Buttimer asked the Minister for Education and Skills Information on Ruairí Quinn Zoom on Ruairí Quinn the initiatives being taken by him to combat a drop of 17% in postgraduate registrations; and if he will make a statement on the matter. [51944/12]

Minister for Education and Skills (Deputy Ruairí Quinn): Information on Ruairí Quinn Zoom on Ruairí Quinn I understand the figures the Deputy is referring to were contained in an ESRI report commissioned by the HEA and issued last Friday.

It is important to note that postgraduate enrolments have increased significantly in recent years. According to data from the Higher Education Authority, there were nearly 35,000 postgraduate enrolments in 2011/2012 academic year, representing an 7.5% increase since 2008/2009. There are now more opportunities than ever before for postgraduate study, including an increasing number of flexible learning opportunities. Funding for postgraduate research has also been protected in as far as possible. The projected increase in undergraduate provision nationally would also seem to indicate that there will be a continuing strong demand for postgraduate provision in the future. However, I am asking the Higher Education Authority to monitor enrolment patterns in the coming years and to keep me informed.

Pension Provisions

 78. Deputy Jerry Buttimer Information on Jerry Buttimer Zoom on Jerry Buttimer asked the Minister for Education and Skills Information on Ruairí Quinn Zoom on Ruairí Quinn if he will furnish particular details of each person who has been awarded added years under the professional added years for superannuation purposes scheme for institutes of technology for the period 2002 to date in 2012; if he will detail for each person identifying the institute of technology, the qualifications required for the relevant post, the length of time to obtain such qualifications, the actual years of service and the number of added years granted. [51945/12]

Minister for Education and Skills (Deputy Ruairí Quinn): Information on Ruairí Quinn Zoom on Ruairí Quinn The professional added years terms for members of the Education Sector Superannuation Scheme in Institutes of Technology were introduced by the Department of the Environment in 1987, Circular S6/1987.

In accordance with the relevant pension scheme rules, there is provision for the granting of a gross award of up to ten professional added years where the minimum age limit or qualifications and/or experience specified for appointment to a permanent pensionable professional, technical or specialist post in an Institute of Technology would not allow an individual to be appointed by age 25 and thereby acquire maximum reckonable service (40 years) by age 65. A contribution is payable in respect of added years awarded under the scheme; 5% of retiring salary in respect of each year purchasable (6% if the employee is a member of the Spouses' and Children's Scheme).

From 2002 to date, 121 individuals employed in the Institute of Technology sector have been awarded professional added years at retirement. The average actual years of service of the applicants was 31.6398 years and the average added years award was 3.0327 years.

The following table outlines in tabular form the information sought by the Deputy. Institutes of Technology - Added Years' Awards 2002 to date

IOT
No. of Awards
Grade/Post
Prof Qualification
No of years to acquire qualification/exp
Actual Years of Service
No of Added Years Awarded
 
 
 
 
Range of years
Average no. of years
Average no. of years
Athlone IT
6
Lecturer
Degree/Membership of Professional body
From 7 to 8 years
34.7439 years
2.447 years
Carlow IT
6
Lecturer
Degree/Apprenticeship
From 7 to 10 years
28.296 years
2.5128 years
Cork IT
32
Lecturer
Degree/Apprenticeship/Membership of professional body/First class certificate of competency
From 7 to 10 years
32.0288 years
3.2947 years
DIT
26
Lecturer
Degree/Apprenticeship/Membership/Fellowship of professional body
From 7 to 10 years
31.7722 years
3.1278 years
Dundalk IT
9
Lecturer
Degree/Apprenticeship/Membership of professional body
From 7 to 10 years
31.279 years
3.1792 years
Galway-Mayo IT
7
Lecturer
Degree/Apprenticeship
From 7 to 10 years
32.147 years
3.2096 years
Letterkenny IT
2
Lecturer
Apprenticeship/Membership of professional body
From 7 to 10 years
31.0918 years
4.2884 years
Limerick IT
13
Lecturer
Degree/Apprenticeship/Membership of professional body/First class certificate of competency
From 7 to 10 years
30.9302 years
5.3772 years
IT Sligo
13
Lecturer
Degree/PhD/Apprenticeship/Membership of professional body
From 7 to 10 years
35.5601 years
3.383 years
IT Tralee
6
Lecturer
Degree/Apprenticeship
From 7 to 10 years
33.6299 years
1.5402 years
Waterford IT
1
Lecturer
Degree
From 7 to 8 years
26.5589 years
1 year
Total
121
 
 
 
Avg Actual Service: 31.6398 yrs
Avg added years award: 3.0327 yrs


Last Updated: 30/01/2014 13:31:49 First Page Previous Page Page of 68 Next Page Last Page