Pearse Doherty (Donegal South West, Sinn Fein)
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Question 153: To ask the Minister for Finance if he will provide an update on consultations which the National Treasury Management Agency is having with staff on salaries in excess of €200,000 to reduce their pay. [18260/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed by the National Treasury Management Agency (NTMA) that all fifteen NTMA employees whose salaries exceed €200,000 have agreed to my request that they 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. I would like to acknowledge the positive response to my request of the NTMA employees concerned.