Written answers
Wednesday, 20 March 2024
Department of Finance
Departmental Staff
Catherine Murphy (Kildare North, Social Democrats)
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241. To ask the Minister for Finance the number of exit and or severance and or redundancy packages granted by his Department, and bodies under his aegis and of bodies he funds in full or in part, of €100,000 and above but less that €200,000, by the amount and by each body in each of the years 2019 to 2023 and to date in 2024. [12349/24]
Michael McGrath (Cork South Central, Fianna Fail)
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In the years from 2019 to date, my Department did not grant any exit, severance or redundancy packages of between €100,000 and €200,000.
The information in relation to bodies under the aegis of my Department is in the table below. All payments were made in accordance with guidelines issued by the Department of Public Expenditure, NPD Delivery and Reform.
The National Treasury Management Agency (NTMA), which has not implemented any redundancies since 2018, has provided the information in relation to the National Asset Management Agency (NAMA) as it assigns staff to that State Agency. NAMA, which is in wind down, has operated a redundancy scheme comprising redundancy payments and a retention payment since 2015. This scheme has been approved by the Minister for Finance since 2015. It should be noted that the details provided have been reported in the year in which the payments are accrued. This approach is consistent with the NTMA financial statements where the data is reported on an annual basis. 2023 payments have not been published yet and while they have been accrued in the draft accounts for the Comptroller and Auditor General, the amounts have yet to be paid to individuals and are not included below. Data for 2024 is not available and is therefore not included below.
State Body | Year | Number | Total Value € |
---|---|---|---|
Central Bank of Ireland | 2019 | 9 | 1,150,775 |
Central Bank of Ireland | 2022 | 1 | 140,257 |
Central Bank of Ireland | 2023 | 1 | 105,312 |
NAMA | 2019 | 4 | 445,975 |
NAMA | 2020 | 4 | 487,287 |
NAMA | 2021 | 10 | 1,199,141 |
NAMA | 2022 | 5 | 668,359 |
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