Oireachtas Joint and Select Committees

Thursday, 27 October 2022

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

There may be additional staffing, which could be one reason for the charge in the year going up significantly. There could also be what are called actuarial assumptions moving. The charges in a year would be based on the expectation into the future. A movement in interest rates could have an effect or there could be other actuarial reasons. That can result in significant swings from year to year.