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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