Financial Emergency Measures in the Public Interest Act 2013

Amendment of Financial Emergency Measures in the Public Interest Act 2009.

11.— With effect on and from 1 January 2014, section 2 of the Financial Emergency Measures in the Public Interest Act 2009 is amended—

(a) in paragraph (d) of subsection (3) by substituting “2014” for “2010”,

(b) by substituting the following for Table D to subsection (3):

“Table D

Amount of Remuneration

Rate of deduction

Up to €15,000

Exempt

Any excess over €15,000 but not over €20,000

2.5 per cent

Any excess over €20,000 but not over €60,000

10 per cent

Any amount over €60,000

10.5 per cent

”,

(c) in subsection (3B) by substituting “2014” for “2012”, and

(d) by substituting the following for the Table to subsection (3B):

“Table

Amount of Remuneration

Rate of deduction

Up to €15,000

Exempt

Any excess over €15,000 but not over €20,000

2.5 per cent

Any excess over €20,000 but not over €60,000

10 per cent

Any amount over €60,000

10.5 per cent

”.