Dáil Éireann Debate, Wednesday - 21 November 2012
59. Deputy Stephen S. Donnelly asked the Minister for Finance if he will provide the contents of all return correspondence from the National Treasury Management Agency in response to correspondence calling for senior staff to waive a portion of their salaries; and if he will make a statement on the matter. [51725/12]
View answer60. Deputy Stephen S. Donnelly asked the Minister for Finance if he will provide the contents of the letter sent to the National Treasury Management Agency at the end of 2011 that reportedly calls on senior staff to waive a portion of their salaries; and if he will make a statement on the matter. [51726/12]
View answerI propose to take Questions Nos. 59 and 60 together.
I wrote to Mr John Corrigan, Chief Executive of the National Treasury Management Agency (NTMA), on 21 December 2011 asking him to draw the provisions of section 483 of the Taxes Consolidation Act 1997 to the attention of all NTMA employees whose salary exceeded €200,000. That section allows an individual to waive part of his or her salary in favour of the Exchequer. I asked that those individuals be asked to consider waiving at least 15% of salary or such amount as exceeds €200,000.
Mr. Corrigan replied on 22 December 2011, stating that he had circulated the letter to relevant staff and that he and Mr Brendan McDonagh, Chief Executive of NAMA, would waive 15% of salary.
In material provided subsequently in response to Parliamentary Questions, the Agency confirmed that all fifteen employees of the Agency whose salaries exceeded €200,000 had agreed to my request that they waive 15% of salary or such amount as brought their salary below €200,000.
I will send copies of the two letters and of the relevant Parliamentary Question replies to the Deputy.
