Financial Emergency Measures in the Public Interest Act 2013

11.

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

”.