Dáil Éireann Debate, Tuesday - 13 March 2012
155 Deputy Gerry Adams asked the Minister for Finance, further to Parliamentary Question No. 54 of 29 February 2012, the number of the National Asset Management Agency debtors who are in receipt of remuneration packages that fall into the €70,000 to €100,000 range. [13975/12]
Amharc ar fhreagra156 Deputy Gerry Adams asked the Minister for Finance, further to Parliamentary Question No. 54 of 29 February 2012, the number of the National Asset Management Agency debtors who are in receipt of remuneration packages that fall into the €100,000 to €200,000 range. [13976/12]
Amharc ar fhreagraI propose to take Questions Nos. 155 and 156 together.
As previously advised, NAMA, in agreeing business plans it approves the retention of overheads by debtors which include remuneration but at rates much reduced from that previously applied. NAMA deals with about 800 debtor connections, either directly or through the participating institutions acting on its behalf. Each debtor's circumstances are different and the Agency considers that the details of its engagement with those 800 debtors connections, including details of sanctioned overheads, is an operational matter for NAMA.
As previously indicated, I am informed by NAMA that the majority of debtor remuneration packages fall into the €70,000 to €100,000 range. NAMA has also indicated that in two cases the debtors' remuneration package authorised by NAMA as part of their budget for overheads is €200,000.
Furthermore, I am advised by NAMA, that the total salary allowances (included in approved overhead budgets) attributable to NAMA debtors to manage properties and the number of individual debtors in receipt of such payments is as follows: Total number of debtors with approved overheads — 41 debtors. Salary allowance included within the approved overhead for 41 debtors — €4.1m. Total PAR debt managed by these debtors, which represents 25% of total NAMA portfolio — €18.6 bn.
