Oireachtas Joint and Select Committees

Thursday, 13 February 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund

2:50 am

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I want to touch on an issue that has come up at every meeting, namely, salaries within the NTMA. I will start with Mr. Corrigan's salary. In the NTMA's accounts, which are published, his salary is €416,500 in 2012 plus taxable benefits of just short of €30,000. The total package is approximately €446,000. He was entitled to a performance related bonus of up to 80%, which he waived in 2010, 2011 and 2012. If that performance related bonus was paid, it would bring up Mr. Corrigan's salary by another €333,000, which would make it approximately €780,000 per annum. Was Mr. Corrigan entitled to the performance related payment in 2010, 2011 and 2012, and in 2013?

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