Oireachtas Joint and Select Committees

Wednesday, 29 March 2017

Public Accounts Committee

HEA - Financial Statement 2015

10:00 am

Photo of Alan FarrellAlan Farrell (Dublin Fingal, Fine Gael) | Oireachtas source

I note there was a deficit in the university funding pension schemes that required employer contributions. These schemes were subsequently closed in 2005. In order to resolve the deficit of just about €200 million at the time, a temporary mechanism was introduced which I understand is still in place. I am not sure whether that qualifies as temporary. What actions is the HEA taking to address this matter and to complete the move to the pay-as-you-go model without the need to continue that temporary measure?

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