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Written Answers — Department of Finance: Credit Institutions (28 Nov 2012)

Seán Fleming: To ask the Minister for Finance if he will provide an estimate of the levy on credit institutions not being credit unions based on S.I. No. 443 of 2012 of the Credit Institutions Resolution Fund Levy (Amendment) Regulations 2012. [53358/12]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I welcome the Minister of State. I thank him for attending in the absence of the Minister, Deputy Howlin. I will make a few points and ask a few questions. As the Minister of State said, there are approximately 290,000 people in the public service. I do not know how many public service pensioners there are. Approximately 10% of our 290,000 public servants are civil servants. The round...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: Okay. I have another issue I would like to raise as well.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I am talking about subhead A4.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I have the figure in front of me.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: Correct.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I referred specifically to local authorities.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I will not press the Minister of State on this matter as I suspect it is primarily the responsibility of the Minister for Public Expenditure and Reform, Deputy Brendan Howlin. Before proceeding to deal with other issues, however, I reject entirely the Minister of State's explanation for the 5% shortfall. According to the briefing note provided by the Department, staff who left the Civil...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: Yes. The shortfall of €23 million under this heading is the reason for the requirement for a supplementary sum of €25 million. Excluding this subhead, the original Estimate for all other subheads was €384 million and the anticipated spend at the end of the year is €383 million. The difference between the Estimate and the outturn is less than 0.33%, which...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: While I accept that the overall Estimate of €500 million is within 5% of the original target, expenditure under the subhead causing the problem is 20% higher than anticipated. This difference is masked in the overall figure. The Minister of State is seeking an additional €25 million to cover the costs of pensions for retired civil servants. How many retired civil servants...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: Does the Minister of State have figures for those in receipt of a pension of more than €70,000 and €80,000, respectively?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: Does the figure of 85 include the 84 retired public servants who receive more than €100,000 per annum?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: In that case, only one person receives a pension of between €90,000 and €100,000.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: Does the figure of 85 refer to those in receipt of a pension of more than €100,000?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: The Minister of State will not mind me saying he has a brass neck to seek from the Oireachtas a Supplementary Estimate to pay pensions to retired civil servants, 84 of whom are in receipt of more than €100,000 per annum.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: The Minister of State has stated the overall Estimate is €500 million-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: -----and expenditure until 22 November was €485 million. An additional sum of €25 million is required to cover the cost of the next two pension instalments for retired civil servants, 84 of whom are on a pension, as opposed to a salary, of more than €100,000. Has he not learned anything?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I hope these enormous pensions of more than €100,000 will be reduced next Wednesday.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: I propose that the Government amend the legislation before Christmas to ensure no retired civil servant receives a pension of more than €100,000.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2012
Vote 12 - Superannuation and Retired Allowances (Supplementary)
(28 Nov 2012)

Seán Fleming: We should remember that SUSI is a shared service.

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