Mr. John Crawley:

In fact, the majority of the pension fund liability relates to staff who worked only in the docklands authority and were not transferred from elsewhere. At this point in time, the administration and funding arrangements in regard to the deferred pensions have not been decided. That is an issue for the Department to address. From the State's point of view, these are people who have built up credits, and so a liability arises. In round numbers, we are looking at €7.5 million. There are moving parts in our numbers at this time, but we expect that the authority as a stand-alone entity will have some €5 million available to distribute to its shareholder, that is, the Department. The Department has already assumed responsibility for the €7.5 million liability, but in net terms that liability will be €2.5 million. There is a practical process issue as to how that liability will be funded into the future, which rests with the Department.