Thursday, 1 March 2012
Department of Finance
Question 73: To ask the Minister for Finance if he will provide details of the number of persons employed by the National Treasury Management Agency, showing the details for National Asset Management Agency staff separately, who received bonus payments in respect of 2011; the overall amount that was paid; the highest amount paid to any individual; and the average payment to the employees in question. [12077/12]
Question 74: To ask the Minister for Finance the number of persons employed by the National Treasury Management Agency including the National Asset Management Agency who took a reduction in their basic salary in the past 12 months; and the overall aggregate amount of the reductions incurred by persons employed by the organisation. [12078/12]
Question 75: To ask the Minister for Finance the overall number of persons employed by the National Treasury Management Agency, shown by the agency's constituent bodies; and the average salary which was paid in respect of 2011. [12079/12]
I propose to take Questions Nos. 73 to 75, inclusive, together.
I am informed by the National Treasury Management Agency that the Agency's remuneration review in respect of 2011 is currently being finalised. Last December I wrote to the NTMA Chief Executive asking him to ask all NTMA employees whose salary exceeds €200,000 to consider waiving at least 15% of salary or such amount of salary as exceeds €200,000. The Chief Executive replied that he and the CEO of NAMA would waive 15% of their salaries and that he had circulated my letter to the other NTMA employees concerned asking them to respond to him on the matter.
The total number of NTMA employees at end-2011 is set out in the table below.
|NTMA Staffing 31 December 2011|
|Funding and Debt Management||12|
|State Claims Agency||63|
|National Pensions Reserve Fund||10|
|National Development Finance Agency||34|
|National Asset Management Agency||193|
|Finance, IT and Risk||70|
|HR and Corporate Services||8|
|Legal, Control and Compliance||16|
The average salary of NTMA employees at end-2011 was €93,225.