Oireachtas Joint and Select Committees

Thursday, 16 January 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 39 - Health Service Executive
Annual Report and Financial Statements 2012
Section 38 - Agencies Remuneration

11:50 am

Mr. Brian Conlan:

That was a sum of money which the pension fund required. The CRC operates two pension funds, one for its longer-serving staff members who were not part of the VHSS and another for the VHSS. The VHSS is the scheme the Mater Hospital manages for them. There are approximately 70 pensioners in the CRC pension scheme and probably 50 more staff are making payments into it. That pension scheme ran into trouble and it appeared that it was just going to go bust, with the consequential loss of pensions for the 70 individuals to whom I refer.

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