The Central Bank has revealed it paid €234,176 in retention payments to a select number of staff in order to address challenges with regard to attracting and retaining employees in certain areas.
The payments were made over the past three years (2013-2015) and amount to 0.1% of the Central Bank pay bill over the period.
The policy remains in place and currently applies to 29 people working in two areas of the Central Bank.
It said the payments were made "in accordance with strict governance and to specified criteria" and were compliant with Financial Emergency Measures in the Public Interest legislation, which capped the amount that could be paid to public and civil servants.
