Oireachtas Joint and Select Committees

Thursday, 22 June 2017

Public Accounts Committee

University College Cork and University of Limerick: Financial Statements

9:00 am

Mr. Diarmuid Collins:

That is correct. Pension liabilities with the IMI were resolved in 2012 when the IMI entered into an arrangement with its pension trustees in 2012. The trustees took on future ongoing pension liabilities and in return the IMI gave them a charge.