Simon Harris (Wicklow, Fine Gael)
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That is a perfectly fair explanation of the situation. I ask the chief executive officer to comment further on the pension liability and the next deficit. Note 8 in the annual report states that "Forfás has no evidence that this funding policy will not continue to meet" its pension obligations. If the pension deficit is to continue then what impact will that have on other operations? What is the projected net deficit for the pension scheme at the end of 2013?