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NAMA Staff Remuneration

Dáil Éireann Debate, Thursday - 19 December 2013

Thursday, 19 December 2013

Questions (78, 79)

Michelle Mulherin

Question:

78. Deputy Michelle Mulherin asked the Minister for Finance the staff numbers at the National Asset Management Agency for 2010, 2011, 2012 and to date in 2013; and if he will make a statement on the matter. [54780/13]

View answer

Michelle Mulherin

Question:

79. Deputy Michelle Mulherin asked the Minister for Finance the number of staff at the National Asset Management Agency that were paid in excess of €100,000 for 2010, 2011, 2012 and to date 2013; and if he will make a statement on the matter. [54781/13]

View answer

Written answers

I propose to take Questions Nos. 78 and 79 together.

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. Staff numbers assigned to NAMA are as follows:

End 2010

100

End 2011

193

End 2012

224

End November 2013

315

Information on NTMA salary bands is published in the NTMA Annual Report and Accounts 2012 (as set out in a table). The report is available on the NTMA website (www.ntma.ie).

I am advised that 87 staff assigned to NAMA had salaries of over €100,000 at end 2011 while 51 staff assigned to NAMA had salaries of over €100,000 at end 2010.

NTMA Salaries by Salary Band at End 2012

-

NTMA

(ex NAMA)

NAMA

Total

Up to €50,000

92

25

117

€50,001 to €75,000

71

49

120

€75,001 to €100,000

52

58

110

€100,001 to €125,000

21

39

60

€125,001 to €150,000

14

31

45

€150,001 to €175,000

11

9

20

€175,001 to €200,000

4

9

13

€200,001 to €225,000

2

0

2

€225,001 to €250,000

1

1

2

€250,001 to €275,000

3

1

4

€275,001 to €300,000

2

0

2

€300,001 to €325,000

0

0

0

€325,001 to €350,000

2

0

2

€350,001 to €375,000

0

2

2

€375,001 to €400,000

0

0

0

€400,001 to €425,000

1

0

1

€425,001 to €450,000

0

0

0

Total

276

224

500

Notes:

1. The public service pension deduction is applied to NTMA employees.

2. In December 2011 the Minister for Finance requested NTMA employees whose salaries exceeded €200,000 to waive 15 per cent of salary or such amount of salary as exceeds €200,000 if application of the full 15 per cent reduction would bring their salary to below €200,000. Reductions in respect of employees waiving such amounts are reflected in the above table.

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