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Payday: NTMA/Nama staff shared €2.63m in bonus payments in 2019

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Stasis: CEO of the NTMA, Conor O’Kelly, saw his pay stay the same

Stasis: CEO of the NTMA, Conor O’Kelly, saw his pay stay the same

Stasis: CEO of the NTMA, Conor O’Kelly, saw his pay stay the same

Staff at the National Treasury Management Agency (NTMA) and National Asset Management Agency (Nama) last year shared bonus payouts of €2.63m.

The level of pay at the NTMA emerged as an issue for staff in a recent staff survey. Its annual report shows NTMA staff shared bonus pay of €2.04m while staff at Nama shared bonuses of €479,000 with NTMA subsidiary Strategic Banking Corporation of Ireland (SBCI) staff sharing €103,000 in bonuses.

The report shows 141 staff earned more than €100,000 in pay last year. It says the highest performance-related payment made among the 200 staff at the NTMA to receive bonuses was €50,000 and the lowest €1,000.

NTMA CEO Conor O'Kelly's pay remained static at €571,000. That was made up of a salary of €480,000, pension contributions of €86,000 and €5,000 in annual taxable benefits. He received no bonus payment last year.

Five other staff members received pay between €300,000 and €400,000; 15 received payments between €200,000 and €300,000 while 120 earned between €100,000 and €200,000. 

The hospitality spend for NTMA employees last year increased 55pc from €77,098 to €119,391. The report discloses €30,439 relates to one employee event marking the move to the new NTMA HQ at Treasury Dock, North Wall Quay.

The total national  debt service cost last year declined €774m from €5.96bn to €5.22bn, the report said.

Irish Independent