Dáil Éireann Debate, Tuesday - 18 September 2012
304. Deputy Pearse Doherty asked the Minister for Finance the total cost of pension provisions for employees at the National Asset Management Agency in the 12 months ending December 2011; and the estimate of pension provisions at NAMA in the 12 months ending December 2012. [38524/12]
View answerI am advised by NAMA that the total cost of pension provisions for NAMA staff in the 12 months ending December 2011 was €1.8m, as disclosed in note 36 of NAMA's 2011 audited financial statements. All NAMA staff are employed by the NTMA and the cost of pension provision represents the employer contributions made by the NTMA to the NTMA Pension Scheme on behalf of staff assigned to NAMA. NAMA estimates that employer contributions for the 12 months ending December 2012 will be €2.5m. All NAMA staff are subject to the public sector pension levy.
