Oireachtas Joint and Select Committees
Thursday, 27 February 2014
Public Accounts Committee
Payments to Section 39 Companies: Discussion
1:20 pm
Gerald Nash (Louth, Labour) | Oireachtas source
It was in 2012 and Ms Kerins put that on the record earlier. From an accounting point of view, there was a total gain to the company of €59 million. That is an accounting mechanism to reflect the wind-down of the defined benefit pension scheme. On page 17, there is a point in respect of a settlement obligation of €7 million in respect of the defined benefit scheme. I ask Ms Kerins to elaborate on this. What does it involve?
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