Oireachtas Joint and Select Committees

Thursday, 3 October 2013

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process

11:50 am

Mr. Robert Watt:

That would be our sense. If it is the case that across the board the numbers of retirees are lower, we expect that they will increase next year because we have a sense of the demographics. Obviously we know the age profile. So we know the number of people of a given age with a given service and we can then roughly calculate. People tend not to work beyond their 40 years, naturally enough because they are not accruing any additional pension. We have people who work more than 40 years which is always a surprise to me, but there one goes - everybody is different. We have people who would have their full service and would have reached their preserved age but still like working in their Department so much that they want to stay. So there is an element of uncertainty about all of this.

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