Michael McGrath (Cork South Central, Fianna Fail)
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Question 86: To ask the Minister for Finance further to Parliamentary Question No. 73 of 1 March 2012, if this information is yet available; and if he will make a statement on the matter. [17490/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed by the National Treasury Management Agency (NTMA) that all members of the NTMA senior management team - ten people including the Chief Executives of the NTMA, NDFA and NAMA – have agreed to my request that NTMA employees whose salaries exceed €200,000 waive 15% of salary or such amount of salary as exceeds €200,000 if application of the full 15% reduction would bring their salary to below €200,000. Four of the five other specialist staff whose salaries exceed €200,000 have also agreed to the reduction. I would like to acknowledge the positive response to my request of those NTMA staff who waived part of their salary.

I have also been informed by the NTMA that the members of the NTMA senior management team also waived any consideration for performance-related pay in respect of 2011 (as they did previously in respect of 2010). The NTMA made performance-related payments to five key staff in respect of 2011. These payments in aggregate totalled €62,610. This compares with payments totalling €1,981,760 to 258 staff members in respect of 2010.