Written answers

Tuesday, 23 April 2013

Department of Finance

Departmental Bodies Remuneration

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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213. To ask the Minister for Finance if he will confirm the status of salary waivers in 2013 at the National Treasury Management Agency and National Asset Management Agency, and specifically if 15% waivers by staff earning more than €200,000 are continuing; and if he will confirm if the Croke Park 2 agreement will mean additional cuts to salaries on top of the waivers. [18467/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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On 21 December 2011, I wrote to the Chief Executive of the National Treasury Management Agency (NTMA) requesting all NTMA employees whose salary exceeds €200,000 to consider waiving at least 15% of their salary or such lesser amount of salary as exceeds €200,000. NAMA staff are employees of the NTMA. Under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. All relevant NTMA employees agreed to waive such amounts during 2012. I am informed by the NTMA that thirteen of its 522 employees fall within this category. Ten of these – including the Chief Executives of the NTMA, NAMA and the NDFA and the other six members of the NTMA senior management team - are continuing to waive such amounts.

With regard to the Croke Park 2 proposals, following the rejection by the Public Services Committee of Congress of the LRC proposals on a successor agreement to Croke Park, the Government will reflect on the outcome of the ballot and the manner in which the required payroll savings can be achieved this year. In that context it would be premature to comment on the way in which any proposed measures may affect a particular group of employees.

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