Oireachtas Joint and Select Committees

Thursday, 22 October 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 11 - Office of Minister for Public Expenditure and Reform
Vote 12 – Superannuation and Retired Allowances
Chapter 3 - Vote Accounting and Budget Management
Chapter 4 - Accounting for Capital Assets
Chapter 5 - Accounting for Allied Services

11:30 am

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael) | Oireachtas source

I want to move on to the area of pensions. The figure that stands out to me is that the number of people receiving pensions in 2019 was 26,000 whereas in 2018, it was 25,000. The issue that is arising is that I presume that in the coming years we will have more people retiring because of the processes ongoing in Departments for quite a long period of time but also because people are living longer and, therefore, there is forward planning for that. Has each Department worked out projections for the cost of pensions? It is hugely at variance with what it was so I wonder what kind of planning has been done in that area.

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