Oireachtas Joint and Select Committees
Thursday, 29 November 2018
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 37 - Social Protection
Chapter 11 - Regularity of Social Welfare Payments
Chapter 12 - JobPath Employment Activation Service
Chapter 13 - Actuarial Review of Social Insurance Fund
Chapter 14 - Overpayments of Age-Related Jobseeker's Allowance
Chapter 20 - PRSI Contributions by the Self-Employed
2017 Social Insurance Fund
9:00 am
Mr. John McKeon:
It was the actuarial arm of KPMG that did it and these are the type of assumptions used in valuing pension schemes generally. We had a team that worked with KPMG where the Department of Finance, the Central Statistics Office, the Department of Public Expenditure and Reform - the Government actuary works in the Department - and our own Department were involved. A group of people agreed these assumptions but they are very similar to those that would be used by any actuarial firm in valuing any long term investment scheme.
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