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:

There are 13 people in the organisation which, according to a recent parliamentary question, if I may reference it, compares with 16 people in PTSB, which is totally State owned, 100 people in AIB, which is totally State owned, and 164 people in Bank of Ireland, in which the State has a substantial ownership. To be fair to the employees of the NTMA and NAMA, we are performing very similar functions to these institutions. On whether we can pay out in the future - we accept that the State has been, so to speak, in Chapter 11 and we have made whatever cuts and suspended bonuses, etc. - in the last three years or so, we have lost 112 people in the organisation.