Michael McGrath (Cork South Central, Fianna Fail)
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65. To ask the Minister for Finance the payroll savings to the National Asset Management Agency in 2016 from the voluntary redundancy of the 51 staff accepted to date; the redundancy pay-out to the 51 staff; the salary bracket of those departing under €100,000; from €100,001 to €200,000; €200,001 to €300,000; €300,000 plus; and if he will make a statement on the matter. [35151/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that the annualised payroll cost savings for those accepted on the NAMA voluntary redundancy scheme to date will be some €5.3m approximately. These costs include base salary, employer PRSI costs and employer pension costs and are based on 50 acceptances (1 NAMA Officer offered voluntary redundancy has resigned since my last update).

The projected redundancy costs for those accepted on the scheme is approximately €2.1m. Acceptance forms for the redundancy scheme are not due for return to the NTMA until this Friday, 9thOctober, therefore these figures are indicative until agreements have been signed and returned.

The salary bracket of those due to depart by way of redundancy is as follows: