Oireachtas Joint and Select Committees

Tuesday, 1 July 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

National Treasury Management Agency (Amendment) Bill 2014: Committee Stage

5:45 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I cannot agree without the permission of my party Whip. I would need to consult.

The Minister of State mentioned that remuneration in the NTMA was lower than the cap on bankers' pay. Since there is no cap on the NTMA, its remuneration could exceed that of the banks. As we know, no one in the NTMA earns more than €500,000, so it is in line with the banks. Did the NTMA allow bonuses of up to 80% of salary until recently? Are there still contracts in the NTMA that allow for this level of bonus?

Comments

No comments

Log in or join to post a public comment.