Dáil Éireann Debate, Wednesday - 22 February 2012
74 Deputy Gerry Adams asked the Minister for Finance the number of persons in the National Asset Management Agency who are on salaries from €75,00 to €100,000; from €100,001 to €125,000; from €125,001 to €150,000; and from €150,001 to €200,000 respectively; and the number on salaries in excess of €200,000. [10109/12]
View answerAll National Asset Management Agency (NAMA) staff are employees of the National Treasury Management Agency (NTMA). Under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. The NTMA also provides NAMA with business and support services and systems. Staff in the NTMA's central corporate functions (e.g. HR, IT and Financial Control) who are not assigned to NAMA provide services to NAMA as well as to other NTMA business units. The legislation which established the NTMA in 1990 deliberately positioned it outside of the wider public service structures with operational freedom to negotiate market-competitive salaries so that it would have, for example, the flexibility to recruit specialists in mid-career from the private sector. Under the NTMA business model, its remuneration structure is such that there are no general pay grades and no pay scales and all staff are on individually-negotiated contracts. NTMA staff members are subject to the Public Service Pension Deduction.
Details of NTMA salaries at end-January 2012, as provided by the Agency, broken down by the salary bands that have previously been used in relation to pay in the NTMA group, are as follows:
|
Salary Band |
Number of Staff |
|
Up to €100,000 |
306 |
|
From €100,001 to €150,000 |
96 |
|
From €150,001 to €200,000 |
29 |
|
From €200,001 to €250,000 |
4 |
|
Over €250,000 |
12 |
