The National Treasury Management Agency (NTMA) last year paid out €2.8 million in bonuses to staff.
The NTMA's 2022 annual report shows that 239 staff at the NTMA received bonus pay of €2.244 million and the highest performance related payment made was €30,000 and the lowest €2,000.
The National Asset Management Agency (Nama) acts under the NTMA umbrella and bonus payments to Nama staff last year totalled €341,000.
A further €136,000 was paid in bonuses to Strategic Bank Corporation of Ireland (SBCI) staff and €88,000 in bonuses was pad to Home Building Finance Ireland (HBFI) staff.
Key management personnel at the NTMA shared bonus payments of €130,000. Total pay to key management personnel totalled €3.24 million.
The figures show that the numbers of NTMA staff earning over €100,000 last year increased from 147 to 159.
The report show that current NTMA chief executive, Frank O’Connor received a pay package of €285,000 from July 1st to December 31st 2022.
Mr O’Connor's predecessor, Conor O'Kelly stepped down on June 30th 2022 and his pay for 2022 totalled €339,000 that included salary of €294,000.
No bonus payments were made to the role of chief executive in 2022 or 2021.
The pay range shows that one NTMA staff member is on pay between €400,000 and €425,000 with three earning between €300,000 and €375,000; 19 who received between €200,000 and €300,000; 44 between €150,000 and €2200,000 and 92 between €100,000 and €150,000.
The pay range includes salary, other taxable benefits and bonuses.
The NTMA report states that its remuneration arrangements facilitates it in attracting, developing and retaining high performing and motivated employees.
Overall pay decreased marginally to €79.8m as numbers employed decreased from 781 to 773.
The report reveals that last year, 14 departing employees at NAMA shared €1.8 million from the agency’s Voluntary Redundancy Scheme (VRS).
The €1.8 million was made up of €1m in redundancy payments, €300,000 concerning NAMA’s retention scheme and €500,000 for 'gardening leave’ in lieu of notice.
