Dáil Éireann Debate, Tuesday - 28 June 2011
145 Deputy Mary Lou McDonald asked the Minister for Finance if he will provide the following information regarding each of the State agencies (details supplied), namely, the total number of staff and their respective job titles; the total number of board members and their respective remuneration packages; the total annual wage bill for each agency and the total annual amount of central funding provided to each agency. [17408/11]
View answerDetails in respect of staff numbers and the annual pay bill in respect of my Department and the Finance Group of votes are contained in the book of Estimates which is published on an annual basis.
The National Treasury Management Agency have provided me with the following information in relation to both itself and the Bodies under its remit.
The staff numbers in the National Treasury Management Agency rose from 169 at end-2009 to 306 at end-2010. The number of staff employed currently is 357. The increase in staff numbers over the last 18 months is mainly in respect of the National Asset Management Agency.
|
Function |
Numbers |
|
Funding & Debt Management |
12 |
|
Banking Unit |
8 |
|
State Claims Agency |
57 |
|
National Pensions Reserve Fund |
13 |
|
National Development Finance Agency |
38 |
|
National Asset Management Agency |
145 |
|
Finance, IT and Risk |
51 |
|
HR and Corporate Services |
7 |
|
Legal, Control and Compliance |
14 |
|
Other |
12 |
|
Total |
357 |
The National Asset Management Agency's shared services (Finance, HR, IT etc) provide support to all of the Agency's business functions and have recruited additional staff resources in the last year to support the National Asset Management Agency.
The National Treasury Management Agency does not have general pay grades. Staff members are employed on the basis of individually negotiated contracts to provide the various technical and professional skill sets necessary for the National Treasury Management Agency to deliver on its statutory remit.
Each business unit and corporate function within the National Treasury Management Agency is headed by a Director or Head of Function. Specific roles within the business units / corporate functions include the following
1. Funding and Debt Management: Traders, Treasury Managers, Economist and Debt Analysts.
2. Banking Unit: Bank Analysts and Operations Manager.
3. State Claims Agency: Claims Managers, Clinical Claims Managers, Solicitors, Risk Managers and Clinical Risk Advisors.
4. National Pensions Reserve Fund: Investment Analysts, Risk Analysts and Actuary.
5. National Development Finance Agency: Project Managers, Contracts Manager, Financial Analysts and Operations Manager.
6. National Asset Management Agency: Risk Managers, Risk Analysts, Credit Managers, Credit Analysts, Insolvency Advisors, Corporate Finance Manager, Lending Managers, Lending Analysts, Portfolio Asset Managers, Treasury Managers, Treasury Analysts, Financial Analysts, Business Analysts/Project Managers, Solicitors, Business Process Advisor.
7. Finance, IT and Risk: Financial Controller, Financial Accountants, Fund Administrators, Treasury Manager, IT Managers / Engineers / Analysts and Risk Managers.
8. HR and Corporate Services: HR Manager, HR Executive and Facilities Manager.
9. Legal, Control and Compliance: Solicitors, Compliance Manager, Procurement Manager and Internal Auditors.
There is also a small number of administrative and other support staff employed across the National Treasury Management Agency.
In relation to the corporate governance of the National Treasury Management Agency and associated agencies, the following Boards and Committees are in place:
1. NTMA Advisory Committee (7 members): The Chairman receives a fee of €50,000 with each member receiving €25,000 per annum. During 2010 members of the NTMA Advisory Committee either gifted 10% of their remuneration back to the Minister for Finance or had the Public Service Pension Related Deduction applied to their fee. The Secretary General of the Department of Finance, appointed as a member of the Advisory Committee in that capacity, does not receive a fee in respect of his membership.
2. State Claims Policy Committee (7 members): The Chairman receives a fee of €13,713 with each member receiving €9,142 per annum. These fees take into account a 10% reduction agreed by the members in 2009, at the request of the Minister for Finance. Two members of the Committee, appointed in their capacity as civil servants, do not receive fees in respect of their membership.
3. National Development Finance Agency Board (8 members): Each Board member receives a fee of €12,600 per annum. These fees take into account a 10% reduction agreed by the members in 2009, at the request of the Minister for Finance. The Chief Executive of the National Treasury Management Agency who is ex officio Chairman of the Board and the Chief Executive Officer of the National Development Finance Agency, who is an ex officio member of the Board, do not receive fees in respect of their membership.
4. National Pensions Reserve Fund Commission (7 members): The Chairman receives a fee of €51,424 and each member receives €34,283 per annum. These fees take into account a 10% reduction agreed by the members in 2009, at the request of the Minister for Finance. The Chief Executive of the National Treasury Management Agency who is an ex officio member of the Commission does not receive any fee in respect of his membership.
5. National Asset Management Agency Board (9 members): The Chairman receives a fee of €150,000, six members receive fees of €60,000 each per annum while one member (also Chairman of the Credit Committee) receives a fee of €75,000 per annum. Each member of the National Asset Management Agency Board also chairs or is a member of various National Asset Management Agency Board committees. Their fees associated with these committees are included in the above.
The Chief Executive of the National Treasury Management Agency and the Chief Executive Officer of National Asset Management Agency, who are ex-officio members of the Board, do not receive any fees in respect of their membership.
In addition, 5 persons, who are not members of the National Asset Management Agency Board, sit on Board committees. Four of these external persons receive fees of €1,000 per meeting with a maximum of 5 meetings per annum with the fifth person (member of Audit Committee) receiving a fee of €10,000 per annum.
Total salary costs for the National Treasury Management Agency in 2010 were €30.5 million including pension contributions.
The National Treasury Management Agency received funding from the Central Fund totalling €42.5m in 2010. However due to the recovery of operating costs from National Asset Management Agency and the Covered Credit Institutions in respect of 2010 (which is refundable to the Central Fund), the net cost to the Central Fund for the National Treasury Management Agency, on an accruals basis, in 2010 was €34.0m.
