Oireachtas Joint and Select Committees

Wednesday, 5 March 2014

Joint Oireachtas Committee on Education and Social Protection

Pensions Reform: Discussion

1:30 pm

Mr. Aidan McLoughlin:

The €324 billion is over the period to 2050. The €129 billion was a current capitalised cost in 2009 on the basis of the liability that would be incurred if there was a fund for public sector benefits.

While I understand there may be an exercise being undertaken at present to update the number, that currently is the best available.

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