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
Pearse Doherty (Donegal South West, Sinn Fein)
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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?