Fergus O'Dowd (Louth, Fine Gael)
Link to this: Individually | In context

Question 16: To ask the Minister for Finance if any employee at senior management level of any State body or organisation under the auspices of his Department has received any bonus payment in the past 12 months; if so, the amounts received and the reasons for same; the person who made the decision to grant this payment and the reason for same; if this matter was referred to him or if he was informed of the matter; if so, the views he expressed; the response, if any, from the body concerned; the subsequent decision taken by such body; the rank of the recipient; and if he will make a statement on the matter. [46584/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The information requested by the Deputy in relation to bodies under the aegis of my Department is as follows:

National Treasury Management Agency

With the exception of the Chief Executive, all staff of the National Treasury Management Agency (NTMA) have individual contracts of employment which are negotiated on an individual contract basis by the Agency and are confidential. The remuneration arrangements specified in these contracts include, in most cases, a performance-related pay element. In 2010, the Agency made performance-related payments to staff for the year ended 31 December 2009. However, it also secured an 8% reduction in overall remuneration for its existing staff complement in 2010 compared with 2009.

The terms and conditions of the Chief Executive, including remuneration, are determined by the Minister for Finance after consultation with the Advisory Committee of the NTMA. As the terms of remuneration are subject to individual contract, I regard the information sought on the amount of the bonus payment as private. I can, however, confirm that, in 2010, a bonus of €200,000 was paid to the former Chief Executive of the NTMA in respect of 2009.

An Post National Lottery

As set out in the Annual Report, the Chief Executive voluntarily waived his entitlement to performance related pay for 2009.