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Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 16 - Central Government Funding of Local Authorities
(6 Dec 2012)

Kieran O'Donnell: If a situation arises whereby they report back that there is a difficulty with funding or whatever, what is the process of how the Department interacts in terms of getting value for the taxpayer in respect of local authority spending, similar to what we do in terms of general public bodies where the Comptroller and Auditor General conducts his audit of individual Departments, the Secretary...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 16 - Central Government Funding of Local Authorities
(6 Dec 2012)

Kieran O'Donnell: I welcome Ms Tallon and her colleagues. We are encountering many cases of people who want to pay the household charge but are having difficulties coming up with the funding. What flexibility do the local authorities have to introduce an instalment payment system? Considering that the household charge is gone by 1 January and the property tax, as announced, will not be introduced until...

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

Kieran O'Donnell: Under current legislation can an Oireachtas committee follow the money trail of the local authorities? The Committee of Public Accounts follows the money trail for all Departments, with the exception of the local authorities. Is there a mechanism under the legislation where another committee, such as the Joint Committee of the Environment, Culture and the Gaeltacht, can follow up on the...

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

Kieran O'Donnell: Under the current system, to whom does the local authority auditor report?

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?

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