Dáil Éireann Debate, Tuesday - 21 October 2014
205. Deputy Timmy Dooley asked the Minister for Finance the type of pension scheme provided to staff employed by the National Treasury Management Agency who work in the National Asset Management Agency; and if he will make a statement on the matter. [39766/14]
View answerSuperannuation entitlements of NTMA staff are conferred under a defined benefit superannuation scheme set up under Section 8 of the National Treasury Management Agency Act 1990. Contributions are transferred to an externally managed fund. Members of the Scheme prior to 1 January 2010 will receive benefits based on final salary. Members of the Scheme from 1 January 2010 will receive benefits based on career average earnings.
The arrangements set out above apply to NTMA employees assigned to NAMA in the same way as to other NTMA employees.
