Oireachtas Joint and Select Committees
Thursday, 18 October 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Collection of Pension Contributions due to the Exchequer
Chapter 3 - Control of Funding for Voted Public Services
Chapter 5 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Comptroller and Auditor General Special Report 95: Financial Reporting in the Public Sector
Comptroller and Auditor General Special Report 99: Public Sector Financial Reporting for 2015
Comptroller and Auditor General Special Report 100: Public Sector Financial Reporting for 2016
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
This was one of the biggest pieces of legislation in recent years and its intention was clear. However, it does not seem to me that the intention is being followed through. The pensions of new recruits will be calculated based on career average salary rather than final salary. They are contributing under a different regime. The money they have paid since joining has gone elsewhere and the Government will make it up to them at some time. They were entitled to believe those contributions were going into a managed fund. Mr. Watt knows that.
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