€250k cap on public sector pay
Brian Lenihan confirmed the Government’s intention to introduce a maximum salary rate of €250,000 in the public sector. And the Finance Minister said that maximum should also apply in the semi-state sector where the massive pay packets were particularly prevalent. “Only a few office-holder posts have salaries above this level at present, but there is a larger number in the state agencies.”
As reported in the Irish Examiner earlier this week, there are a large number of semi-state heads earning in excess of €250,000, including HSE chief executive Cathal Magee (€335,913) and Frank Gannon of Science Foundation Ireland (€259,698).
