Meath East TD Deputy Regina Doherty welcomes the announcement made by the Minister for Public Expenditure and Reform, Brendan Howlin TD, to introduce and implement pay ceilings for higher posts across the public service and for CEO posts in Commercial State Companies.
Deputy Doherty states that “It is necessary for those that hold high offices across the public sector show leadership in the severe economic times we face. I believe that this legislation is an example of that. It is a testament to the public that this Government are not going to shy away from the tough decisions needed to get our public finances back on track and that we will do so in a fair and equitable manner .”
“I welcome the fact that the Taoiseach along with all cabinet members have already led by example, by reducing their salary rates on entering office.”
The implementation of pay caps, which were announced but never introduced by the previous government, will mean that a general pay ceiling of €200,000 will be introduced for future appointment to higher positions across the public service. There will also be a pay ceiling of €250,000 for future appointments to CEO posts within Commercial State Companies.
For those that already hold these positions the Government has decided to seek voluntary waiver of salary of 15% or by a lesser amount if the application of the full 15%reduction would bring the salary levels of those individuals to below the proposed pay ceiling of €200,000. This waiver will include organisations such as NAMA/NTMA.