Written answers

Thursday, 3 July 2008

Department of Environment, Heritage and Local Government

Local Authority Staff

5:00 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 233: To ask the Minister for the Environment, Heritage and Local Government if he will direct all local authorities to provide for current and future pension liabilities in their annual accounts from 2009 onwards in accordance with the provisions of IAS19/FRS 17. [26404/08]

Photo of John GormleyJohn Gormley (Dublin South East, Green Party)
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Local Authorities accounting requirements are set out in a Code of Practice on Local Authority Accounting in Ireland issued under the Local Government Act 2001. The provisions of FRS 17 do not specifically form part of this code of practice.

My Department is, however, considering the implications of FRS 17, and the case for specifically incorporating it into the code of practice, and will be consulting further with the Department of Finance on the matter.

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