Oireachtas Joint and Select Committees
Thursday, 16 November 2017
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
Essentially, the body is accounting for the liabilities of the pension schemes but, unlike almost all other non-commercial state bodies, it is not recognising a matching pension funding asset. It is not accounting for it on the basis that it will receive funding in the future to match the liabilities-----