Michael D'Arcy (Wexford, Fine Gael)
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Question 187: To ask the Minister for Finance if his Department has acquired responsibility for the administration of pensions in universities or if it is still at a legislative stage; when the changeover will occur; and if he will make a statement on the matter. [3059/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Discussions are in train with the trustees and the administrators of the five older universities and certain non-commercial semi-State bodies with a view to providing consistency and clarity for the future in terms of meeting the liabilities of the funded pension schemes. In that context, and provided all the schemes concerned agree, it is proposed that the assets of these schemes would be transferred to the State together with the liabilities which would then be effectively met by the State on a pay-as-you- go basis. The administration of the schemes would, however, remain the responsibility of the individual body. Legislation would be required to give effect to the proposal.