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
3:00 am
Mr. John Corrigan:
The model of the NTMA was to set it up outside the public service so that it could attract the right skills to bring to capital market-facing activities, such as the funding and debt management, the management of the National Pensions Reserve Fund, NewERA and the National Development Finance Agency, and, indeed, NAMA, all of whose employees are employees of the NTMA.
To illustrate the "differentness", if that is a right word, of the NTMA, taking account of both NAMA and the non-NAMA NTMA employees, there is a total of 657 people working in the NTMA. Sixty per cent of those employees are on specified purpose contracts or fixed term contracts. Only 40% have "permanent" employment. That makes the nature of the organisation quite different.
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