Mr. Diarmuid Collins:

The agreement is on a 50:50 basis. There are other elements of it around an ongoing adjustment to the university's overall base funding. The amount will move every year. As people retire, the liability will fall. As there is an actuarial assessment, the overall liability will change every year as we go through the wind-down of those staff when they retire. Essentially, overall it is 50:50 on the funding of the pension liability, the future lump sums for those people and pensions, and an element of an increase in the overall base funding for the university.