Oireachtas Joint and Select Committees

Thursday, 19 December 2013

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration

10:45 am

Ms Caroline Piggot:

On foot of the letter of 1979, that income is shown as part of our superannuation income in our financial statements in the year that we receive it. Likewise, any pension costs are shown under pensions and lump sum costs in the year they are paid out. That payment is the CRC's payment to the Mater hospital for the future liability of the pension costs for the clinic's staff. The CRC does not have a pension liability because the Mater meets the liability for the clinic's staff. That is the basis for this charge. The income is booked in the year it is received. It is not put into a fund, which is in line with accounting policy for all public sector schemes.