Oireachtas Joint and Select Committees
Tuesday, 20 April 2021
Joint Oireachtas Committee on Transport, Tourism and Sport
Engagement with Chairpersons Designate of Bus Éireann, Bus Átha Cliath and Iarnród Éireann
Ms Fiona Ross:
Yes, unfortunately that is the case. The assets are invested on behalf of the pension. They are invested over the long-term. There are also actuarial assessments, which are a factor. There is no executive or judgment call in respect of that. It is not an optional number. It is a factor of the discount rate associated with those investments over the period.
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