IMO presidents paid around 25% of CEO's pay

Written By Unknown on Jumat, 05 April 2013 | 22.40

The presidents of the Irish Medical Organisation were paid an allowance for their year in office based on a percentage of the chief executive's salary, RTÉ News has learned.

The allowance was equivalent to around 25% of the CEO's annual pay.

Minister for Health James Reilly is a past IMO president and he also served on the organisation's remuneration committee.

The revelation follows a war of words at the annual general meeting of the organisation over former CEO George McNeice's pay package and retirement settlement of €9.7m.

Mr McNeice's starting salary in 2003 was €250,000 a year and, with bonuses, rose to just under €500,000 a year last December.

Outgoing IMO president Dr Paul McKeown has insisted that the pay arrangements for the CEO were "not widely known" in the union and yesterday described the chief executive's pay level as excessive.

He said the full entitlement for the CEO on retirement could have put the IMO into liquidation.

It has also emerged that the original CEO's contract was drafted in 2003 on the advice of independent outside consultants, who were asked to benchmark it to comparable office holders in the public and private sectors at the time.

The IMO is commissioning an outside retrospective review of the affair covering the last 20 years.

Meanwhile, at its AGM today the union is discussing a number of motions on abortion.


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