Wednesday, 8 May 2013

Questions (68)

Pearse Doherty

Question:

68. Deputy Pearse Doherty asked the Minister for Finance further to the publication of the 2012 unaudited accounts for the National Asset Management Agency, the staff costs excluding employer pension contributions and pay related social insurance in 2012; the average number of full time equivalent employees at the Agency during the year; and if he will make a statement on the matter. [21641/13]

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Written answers (Question to Finance)

All NAMA staff are employees of the NTMA and under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. NAMA reimburses the NTMA the costs incurred by the NTMA in assigning staff and providing business and support services to NAMA. NAMA staff costs, excluding employer pension contributions and PRSI, were €21.952m in 2012. NTMA staff members are subject to the Public Service Pension Deduction. The average number of NTMA employees assigned to NAMA during the year was 214.

NAMA also draws on the NTMA’s shared services in a number of areas including Finance, HR, IT and market risk. Staff costs in the provision of these shared services are not included in the above figure.