Tuesday, 23 April 2013

Questions (212)

Pearse Doherty


212. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the number of employment contracts at the National Treasury Management Agency that provide for termination bonuses, such as that recently reported in the case of the Financial Regulator. [18466/13]

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Written answers (Question to Finance)

I am advised by the National Treasury Management Agency (NTMA) that it is not aware of the details of the specific payment or the nature of the contract referred to by the Deputy. In a very limited number of cases where it employs staff with very marketable skills on short fixed-term contracts, it includes contract completion payments as part of the contract as an incentive to the employee concerned to serve the full term of the contract. No member of the NTMA senior management team has such an arrangement in their contract. These fixed-term contracts should not be confused with the specified purpose contracts under which employees assigned to NAMA are employed and which do not include such contract completion payments.