All but two public sector bosses silent on pay cut
Published 24/06/2011 | 05:00
JUST two high-earning public sector bosses have said they will consider the Government's call for a voluntary 15pc salary reduction, although neither will commit to the cut.
Some of the biggest semi-state earners are refusing to say whether or not they will forgo 15pc of their salary, among them ESB chief executive Padraig McManus and head of An Post Donal Connell.
However, yesterday NAMA chief executive Brendan McDonagh and head of the Irish Aviation Authority Eamonn Brennan indicated they will consider the call for "solidarity" made by Public Expenditure and Reform Minister Brendan Howlin.
Further details also emerged yesterday about the pensions arrangements for the 15 secretaries general in government departments who voluntarily reduced their salaries to €200,000 this week in line with the new public sector pay cap.
The Department of Public Expenditure confirmed their pensions would be based on the salaries they had after last year's budget.
That means that most secretaries-general will get a pension based on a salary of €215,000 rather than €200,000.
A host of semi-states refused to comment when contacted by the Irish Independent yesterday on the issue of bosses' pay cuts.
However, several semi-states, including Bord na Mona and the Irish Greyhound Board, said they will be waiting for official communication from Mr Howlin before considering the voluntary cut.
Others pointed out that their chief executives had already taken voluntary pay cuts.