Oireachtas Joint and Select Committees
Thursday, 4 July 2024
Public Accounts Committee
Financial Statements 2022: Waterways Ireland
9:30 am
Ms Patricia McCaffrey:
The €27 million to which the Deputy is referring in 2021 includes €10 million for pension costs. The actual costs for our employees were €16 million. We disclose our pension liability, which is the cost for an additional year of pension for the entire staffing complement within Waterways Ireland. That is part of the accounting convention. We have to include pension costs as part of our staffing costs.