Oireachtas Joint and Select Committees
Thursday, 3 April 2014
Public Accounts Committee
2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
12:50 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
That is 431,000 people. One third are being paid pensions while approximately 66% are being paid wages. Where does Mr. Watt see that ratio going over the next 20 years? He said that accrued liability has fallen by €18 billion from €116 billion in 2009 to €98 billion today. We are obviously talking about the next 70 years. How will that be funded? I mention the dependency ratio between the number of people in receipt of pensions and the number working in the public sector.
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