Results 23,141-23,160 of 26,162 for speaker:Kieran O'Donnell

Public Accounts Committee: Business of Committee (6 Dec 2012)

Kieran O'Donnell: To whom does the local authority report?

Public Accounts Committee: Business of Committee (6 Dec 2012)

Kieran O'Donnell: After they report to the elected members does the report go to the Department of the Environment, Community and Local Government?

Public Accounts Committee: Business of Committee (6 Dec 2012)

Kieran O'Donnell: Is that a function of the Department of the Environment, Community and Local Government?

Public Accounts Committee: Business of Committee (6 Dec 2012)

Kieran O'Donnell: I would like to echo those remarks and thank Mr. McEnery of the committee secretariat in particular, along with his colleagues, for the often unseen work they do. We give them a hard time but the work they do is recognised. It was a good launch and a serious document that will inform Government and public thinking. I thank everyone who was involved in making this the sort of document for...

Order of Business (29 Nov 2012)

Kieran O'Donnell: There was much discussion recently about the Construction Contracts Bill, known as the sub-contractors Bill. What progress has been made and when will it be brought before the House?

Order of Business (29 Nov 2012)

Kieran O'Donnell: There is urgency attached to the legislation.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: On reflection of the Chairman’s comments, it is now time for the NTMA to put in place a system, outside of the way in which it appoints transition agents, whereby the original contract notes from the agents that sold the shares on the bank’s behalf were attached to the NTMA’s summary sheet. It is incumbent on the agency to put its own proper verification systems in...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: I am not asking the NTMA to check every contract note but it should have a system in place whereby it can do a random check of them to provide some level of protection. One can never check something enough.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: Under the rules of the scheme, what percentage of final year salary would the people who qualify under the final scheme get, and what percentage for people on the average? Under the rules of the scheme, do they get two thirds?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: So 50% of the final year salary is by way of pension for the final, and what is it on the average?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: So, effectively, the people on final year salary get 50% of their final year salary as a pension. People who qualify under the average scheme get 50% of their average salary.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: All right, so those are the rules of the scheme.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: And of benefit to the State.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: I have one or two items to raise. When does Mr. Corrigan expect the final drawdown by this country will take place under the current IMF-EU programme in terms of funding? I say that in the context of our regaining our full economic sovereignty.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: Roughly, what is the average rate at which we are drawing down the funding?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: Does Mr. Corrigan anticipate that we will continue to draw down moneys from the fund right up to the end of 2013 and that we will be funding ourselves independently from the start of 2014?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: In 2013?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: What is the normal process after the programme when we regain our full economic sovereignty in terms of being able to fund ourselves? Would monthly bond auctions take place thereafter? Is that the normal way in which the National Treasury Management Agency does business?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: Will that be from January 2014 or even from 2013?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011 (22 Nov 2012)

Kieran O'Donnell: We spoke about the promissory note and a bullet payment at the end. That would have major advantages for this country in terms of funding. One of the key elements from a budgetary position in terms of promissory notes is interest. I accept that budgetary matters are not part of Mr. Corrigan’s remit, but is it possible to construct a product, in refinancing the promissory notes, to...