Oireachtas Joint and Select Committees
Thursday, 26 November 2015
Public Accounts Committee
Bord na gCon Financial Statements 2014
10:00 am
Mr. Michael Murnane:
We have the work done. The funding proposal has been prepared by our actuarial firm since the start of this year. It has estimated that to be sufficient to go into the future. We have also allowed it to have contingency in the figure just in case there are overruns. That proposal has to go to member communication and then it has to go to the Pensions Board, but as I said previously, it has received trustee approval. The trustee is supportive of it and he-----