Six staff at NTMA share €43k bonus

Finance Minister Michael Noonan has confirmed that six staff at the National Treasury Management Agency shared bonus payments of €43,000 last year.

They represent a 31% decrease on the €62,610 paid out in bonuses to five staff at the NTMA in 2011 and a dramatic reduction on the bonus payments of €1.9m shared by 258 staff in 2010.

It is understood that none of the six staff who received bonuses last year work at Nama, which operates under the NTMA umbrella.

In a written Dáil response to Independent TD Thomas Pringle, Mr Noonan confirmed that 59 staff at the NTMA received additional payments of €140,500, following additional payments of €170,364 paid out to 74 employees in 2011.

Mr Noonan said: “These payments were to employees on lower salaries who contributed significant additional work hours. The NTMA does not have formal overtime payment arrangements in place for staff.”

He confirmed that NTMA chief executive John Corrigan received total remuneration of €446,100, made up of €416,500 in basic salary and taxable benefits of €29,600.

Nama chief executive Brendan McDonagh’s total pay last year was €388,164, made up of €365,500 and taxable benefits of €22,664.

Mr Noonan said the chief executive of the National Development Finance Agency, Brian Murphy, received €324,762 that included a basic salary of €297,000 and taxable benefits of €27,762.

Mr Noonan said: “The chief executives agreed to waive 15% of their salaries following a request by me and the adjustment in each case is reflected in the figures. The chiefs executive waived any consideration for performance-related pay in 2012 (as they did previously in 2011 and 2010).”

The NTMA falls outside public sector pay grades where a €200,000 pay cap applies.

Mr Noonan confirmed that 1,088 individual employees and four groups of staff at the Revenue Commissioner shared €165,077 in “exceptional performance awards” in 2012. This followed 1,121 individual staff and eight groups sharing €314,948 in 2011.

He said: “Under Revenue’s administrative budget 0.2% of payroll was available in respect of ex gratia payments or other awards to individual staff members or groups of staff by way of recognition of exceptional performance of duty. It was used to encourage staff to improve service delivery, organisational efficiency or effectiveness.”

He further confirmed that 1,031 Revenue staff shared €3.99m in extra remuneration in 2012 relating to higher, special, or additional duties; a revenue enforcement allowance; shift and roster allowances; and miscellaneous allowances.


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