Paul Kehoe (Wexford, Fine Gael)
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Question 450: To ask the Minister for Education and Science the status of an application (details supplied); and if he will make a statement on the matter. [6987/09]

Batt O'Keeffe (Cork North West, Fianna Fail)
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The position is that discussions are in train with the trustees and the administrators of the five older universities, including the one in question, 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. Legislation would be required to give effect to the proposal.