NTMA boss Corrigan sought to protect staff pay

The head of the National Treasury Management Agency has intervened to protect the interests of high-earners at the agency facing reductions in pay.

Newly released records show John Corrigan, chief executive of the NTMA, wrote to finance minister Michael Noonan to highlight that his employees, because they are not members of trade unions, would not be able to avail of the proposed salary restoration through ratification of Labour Relations Commission’s Haddington Road agreement.

As part of the fresh public sector pay cuts, staff at the NTMA lost their exemption from public pay cuts. Those earning over €185,000 across the public service are facing cuts of 10% in salary.