Written answers

Wednesday, 2 December 2015

Department of Finance

Departmental Agencies Staff Remuneration

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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60. To ask the Minister for Finance the number of staff who were on a total remuneration package including pension payments, allowances and benefits of between €100,000 and €200,000, €200,001 and €300,000, €300,001 and €400,000, €401,000 and €500,000, and of €500,000 plus, at all of the covered banking institutions, the National Treasury Management Agency and National Asset Management Agency, in the years 2014 and 2015 to date, in tabular form. [43130/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Following my request, the Irish banks in which the State has a majority ownership position now publish remuneration information on their websites and I have provided a link to the published documents for further information. The figures provided relate to the status at year end 2014, as information for 2015 won't be available until early next year following the close off of annual accounts.

AIB

PTSB

Bank of Ireland

The publicly available information in relation to remuneration is contained within the Bank of Ireland annual report for the year ended 31 December 2014, which can be found at

NTMA

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. NAMA reimburses the NTMA for the costs of staff assigned to NAMA.

Employees of the NTMA are members of the NTMA defined benefit superannuation scheme or else have Personal Retirement Savings Accounts. The pension benefits of members of the NTMA superannuation scheme prior to 1 January 2010 are based on final salary. The pension benefits of members who joined the scheme on or after 1 January 2010 are based on career average earnings. The NTMA superannuation scheme is a funded scheme, rather than funded on a pay as you go basis.

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