At July 2002 (before benchmarking) a TD with ten years service (such as McCreevy) was paid €73,454. On top of this his minister's job paid €89,516. That's a total of €162,970.
But that's just the basic salary, Moneybags. What about all the 'showing up allowances', constituency office allowance, scratching yer bum allowance etc etc.
In terms of basic salary, I reckon that TD's & Ministers are not overpaid, but all the allowances make it difficult to see the real story.