Oireachtas Joint and Select Committees
Wednesday, 30 November 2016
Select Committee on Education and Skills
Estimates for Public Services 2016
Vote 26 - Education and Skills (Supplementary)
2:00 pm
Richard Bruton (Dublin Bay North, Fine Gael)
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I assume it is the ongoing pension costs. If a person retires on 1 January they will get the full pension for that year.
The total capital allocation for the education sector in 2017 was to be €599 million, as announced in September 2015, but it is being increased to €690 million, though €51 million of that increase is due to the payment of PPP unitary charges previously issued, leaving a real net increase of €40 million. It is not recurring; the €100 million was a provision for last year.