Oireachtas Joint and Select Committees
Thursday, 3 October 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
12:00 pm
Mr. Robert Watt:
That amount relates only to public service pensions. If public service and social welfare pensions and the overall cost of ageing is added together, it is a challenge of a different order of magnitude than focusing only on the public service. A lot of work has been done in the area. The European Commission has produced a report and it is about to produce new numbers on the cost of ageing. It reckons that the figure will increase by 4% to 6% of GDP for Ireland. That is higher than other countries and, when one adds in-----