Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

130. To ask the Minister for Finance further to Parliamentary Question No. 72 of 12 June 2014, if he will provide full details of all staff vacancies currently in the National Treasury Management Agency, including the National Asset Management Agency; the title of the position vacant; the length of time it has been vacant; the functional area to which it belongs; the indicative remuneration package that applies; or if not available then the amount the previous incumbent of the position was paid; and if he will make a statement on the matter. [26599/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The new positions primarily reflect the proposed establishment of the Ireland Strategic Investment Fund (ISIF), which will have a mandate to invest on a commercial basis in a manner designed to support economic activity in Ireland, as well as the recruitment of additional IT specialists, on a one year fixed-term basis, to address project requirements in the IT security, national debt, State claims and treasury management areas. NAMA staff are employed on the basis of specified purpose contracts - their employment lasts for as long as NAMA requires their particular function.

The NTMA's business model is designed to support it in acting commercially to achieve its business objectives. Under the NTMA business model there are no general pay grades and staff are employed on the basis of confidential individually negotiated contracts. Aggregate information on NTMA (including NAMA) remuneration is set out each year in the NTMA Annual Report.