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84% of NTMA staff paid bonuses for 2010

National Treasury Management Agency - Average bonus of €7,681 paid
National Treasury Management Agency - Average bonus of €7,681 paid

It has emerged that 84% of staff at the National Treasury Management Agency, which includes staff at NAMA, were paid bonuses for last year.

258 staff members were paid an average of just under €7,700 each.

The figures also reveal that 14 NTMA employees are currently paid more than €250,000.

At the end of last month it emerged that the chief executives of NAMA, the NTMA and the National Development Finance Agency had waived their bonuses for last year but some staff at the NTMA had received such payments.

It has now emerged that bonuses were paid to 258 staff at the NTMA last year, including staff at NAMA.

That represents 84% of staff at the agency in 2010. The average payment, which was made in February of this year, was €7,681.

Nine of the most senior executives at the NTMA waived bonuses worth €905,000 for last year.

It has also emerged that, as of today, 14 staff at the agency are paid over €250,000, a further three are paid between €200,000-€250,000 and 27 are paid between €150,000-€200,000.

The information was obtained through a parliamentary question to the Minister for Finance, Michael Noonan, from Fianna Fáil's Michael McGrath.

The spokesman also pointed out that the agency has reduced payroll by 11% since 2009.

The total amount paid in bonuses to staff at the NTMA last year was €1.98m, which represents 6.6% of the NTMA's overall payroll.

Eirgrid cancels chief executive's bonus

Eirgrid has become the latest semi-State body to confirm that it will not be paying a bonus to its chief executive this year.

Its chief executive, Dermot Byrne, was paid a bonus of €23,000 last year on top of his salary of €228,000.

The Government has requested all semi-States not to award performance-related pay to their chief executives in 2011.

An Eirgrid spokesman said its remuneration committee met today to consider the request from the Minister for Communications, Energy and Natural Resources, Pat Rabbitte, not to award a bonus and Mr Byrne agreed with the request.