Denis Naughten (Roscommon-South Leitrim, Fine Gael)
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Question 193: To ask the Minister for Social and Family Affairs the number of regulators under the control of her Department; the function and responsibility of same; the number of staff employed, their out-turn for 2008 and budget for 2009; and if she will make a statement on the matter. [6504/09]

Mary Hanafin (Dún Laoghaire, Fianna Fail)
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The Pensions Board is the only regulatory body operating under the aegis of the Department of Social and Family Affairs. The statutory role of the Board is to monitor and supervise the operation of the Pensions Act 1990. This involves the regulation of occupational pension schemes and Personal Retirement Savings Accounts and the provision of advice to the Minister for Social and Family Affairs on pension matters generally.

The operations of the Pensions Board are largely financed by annual fees payable to it by occupational pension schemes and by providers of Personal Retirement Savings Accounts. The Board had an average number of 39.5 staff in 2008. Provisional (unaudited) figures for 2008 show income of €7m and expenditure of €6.8m. The budget for 2009 is €8.2m (which does not take into account any recent announcements on public sector pay).