Oireachtas Joint and Select Committees

Thursday, 21 July 2016

Public Accounts Committee

2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

It is good to hear that. I turn to page 90 of the accounts and direct the following question to the Department of Finance. Agency membership fees for 2015 were €30,000 per member of the board, or agency as the Department calls it. I acknowledge that the chairman, Mr. Willie Walsh, waived his remuneration for 2015, 2014 and other years. I want to record that. I see from the previous year's accounts that the €815 figure is not an exact comparator. The fees in previous years were €25,000 in some cases, less 10% public service related deduction. Why did the Department of Finance approve a 20% increase in directors' fees for members of the board from €25,000 to €30,000 for 2015? That is not happening across the public service and this is a public service organisation.

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