It comes as a result of the coronavirus outbreak.
"When I contacted Eddie regarding our executive pay reduction proposals he immediately agreed," said RFU boss Bill Sweeney.
It is understood the pay cuts for Jones and the executive team apply to their full remuneration package of salary, bonuses and pension, to the equivalent of more than 25%.
Jones would have been due a sizeable bonus at the end of June after guiding England to the Rugby World Cup final.
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