Oireachtas Joint and Select Committees

Thursday, 6 November 2014

Public Accounts Committee

Business of Committee

12:30 pm

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

That is good. I wish to mention one other item. I refer to the reply to the question regarding the liabilities incurred by the Exchequer due to the Irish aviation superannuation scheme. I am not sure if I have taken the right implications from the reply. It suggests that all liabilities, duties, etc. were transferred when Shannon Development became a commercial enterprise to the Department of Jobs, Enterprise and Innovation. I am concerned that there is a major debate taking place on the IAS scheme and whether certain liabilities on the pension scheme was picked by the Department. At present the vast majority of the people covered by the scheme in terms of deferred pensions, whether they are active or retired, have a major controversy raging. People wonder whether this matter was dealt with prior to the commercialisation of Shannon Development for those employees who came under the scheme in that remit. I seek further clarification that the decision would be relevant to the current decision that is covered statutorily.

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