Oireachtas Joint and Select Committees
Thursday, 24 September 2015
Public Accounts Committee
Higher Education Authority: Financial Statements 2014
10:00 am
Mr. Tom Boland:
Yes. We are in discussions with the Department of Education and Skills and, most importantly, the Department of Public Expenditure and Reform as to how pensions should be accounted for in this situation. It is not very satisfactory from our point of view to have what gives the impression of a huge deficit and a huge surplus. It is an accounting exercise to a great extent and we would like to see it resolved. Ultimately, as matters now stand the State has responsibility for pensions in the universities in the same way as it has across various parts of the public sector. Would Mr. Roche like to comment on how pensions are paid?
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