Máire Geoghegan-Quinn's position on the European Commission will command a basic annual salary of €238,918, although she would receive €265,465 if she secured a prestigious vice-presidency of the EU's executive branch.
A range of other allowances add to the lustre of the post.
The salary Ms Geoghegan- Quinn will receive represents a step up from her annual remuneration at the European Court of Auditors, which exceeds €180,000. In addition, she is entitled to an Oireachtas pension in respect of her work as a TD and government minister.
While monthly pay of commission members is set at €19,909, an annual review scheduled next month could raise or lower that sum. The salary is subject to tax.There are 14 rates, ranging from 8 per cent to 45 per cent.
On taking up office, new commissioners are entitled to an installation allowance of two months salary. The costs of travel to Brussels and moving expenses are reimbursed.
Once in the job, commissioners are entitled to a residence allowance of 15 per cent of their salary and a monthly €607 entertainment allowance. For vice-presidents the allowance is €911.
When leaving office, commissioners are entitled to a resettlement allowance of one month's salary. Travel expenses and moving costs are reimbursed.
Former commissioners are entitled to a pension, payable from age 65 and subject to tax.
The European Commission says pension rights depend on the length of a commissioner's term in office.
