Oireachtas Joint and Select Committees
Thursday, 17 October 2019
Public Accounts Committee
Caranua Financial Statements 2017
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
I see in the accounts, and it will be the same next year, that everybody who joined Caranua will be part of the single public service pension scheme because they all joined after 2013. At the end of the day, the Department will take over liability for all those pensions when Caranua is gone. Will a figure be put on that in this wind up or will it just get paid when people retire, as is the case with the rest of the public service? Will a figure for that liability be taken into the Department or will it just be taken and paid as it goes, as is the current system? How is this being done because the heads of a Bill have been produced? This issue must have been addressed. It stands out in the accounts. Pensions will be absorbed by the Department.
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