Written answers

Thursday, 19 December 2013

Department of Finance

NAMA Staff Remuneration

Photo of Michelle MulherinMichelle Mulherin (Mayo, Fine Gael)
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78. To ask the Minister for Finance the staff numbers at the National Asset Management Agency for 2010, 2011, 2012 and to date in 2013; and if he will make a statement on the matter. [54780/13]

Photo of Michelle MulherinMichelle Mulherin (Mayo, Fine Gael)
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79. To ask the Minister for Finance the number of staff at the National Asset Management Agency that were paid in excess of €100,000 for 2010, 2011, 2012 and to date 2013; and if he will make a statement on the matter. [54781/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 78 and 79 together.

All NAMA staff are employees of the NTMA and under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. Staff numbers assigned to NAMA are as follows:

End 2010100
End 2011193
End 2012224
End November 2013315

Information on NTMA salary bands is published in the NTMA Annual Report and Accounts 2012 (as set out in a table). The report is available on the NTMA website (www.ntma.ie).

I am advised that 87 staff assigned to NAMA had salaries of over €100,000 at end 2011 while 51 staff assigned to NAMA had salaries of over €100,000 at end 2010.

NTMA Salaries by Salary Band at End 2012

-
NTMA

(ex NAMA)
NAMA
Total
Up to €50,000
92
25
117
€50,001 to €75,000
71
49
120
€75,001 to €100,000
52
58
110
€100,001 to €125,000
21
39
60
€125,001 to €150,000
14
31
45
€150,001 to €175,000
11
9
20
€175,001 to €200,000
4
9
13
€200,001 to €225,000
2
0
2
€225,001 to €250,000
1
1
2
€250,001 to €275,000
3
1
4
€275,001 to €300,000
2
0
2
€300,001 to €325,000
0
0
0
€325,001 to €350,000
2
0
2
€350,001 to €375,000
0
2
2
€375,001 to €400,000
0
0
0
€400,001 to €425,000
1
0
1
€425,001 to €450,000
0
0
0
Total
276
224
500

Notes:

1. The public service pension deduction is applied to NTMA employees.

2. In December 2011 the Minister for Finance requested NTMA employees whose salaries exceeded €200,000 to waive 15 per cent of salary or such amount of salary as exceeds €200,000 if application of the full 15 per cent reduction would bring their salary to below €200,000. Reductions in respect of employees waiving such amounts are reflected in the above table.

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