Paul Kehoe (Wexford, Fine Gael)
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Question 148: To ask the Minister for Finance the status of an application (details supplied); and if he will make a statement on the matter. [6990/09]

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. Legislation would be required to give effect to the proposal.