Bernard Allen (Cork North Central, Fine Gael)
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Question 320: To ask the Minister for Finance if he will make a statement on a shortfall of €5 million in a pension scheme (details supplied); if the scheme has been transferred to the Department of Finance; and if so the details and circumstances of the transfer. [38350/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The published Financial Statements for the Body (details supplied) for the year 2008 show the present value of funded pension obligations as €40.8 million while the value of scheme assets is stated to be €20.7 million. The Financial Services (Miscellaneous Provisions) Act 2009 enables the Fund's assets to be transferred to the National Pensions Reserve Fund on the making of a Transfer Order under section 5 of the Act. While no date has been finalised for the proposed transfer, it is expected to take place in 2010.