Written answers
Thursday, 12 November 2009
Department of Enterprise, Trade and Employment
Pension Provisions
5:00 pm
John O'Mahony (Mayo, Fine Gael)
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Question 26: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the deficit in the Industrial Development Authority's pension fund; and if she will make a statement on the matter. [40962/09]
James Reilly (Dublin North, Fine Gael)
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Question 44: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the deficit in the pension fund of each semi-State agency under the aegis of her Department; and if she will make a statement on the matter. [40967/09]
Mary Coughlan (Donegal South West, Fianna Fail)
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I propose to take Questions Nos. 26 and 44 together.
Four of the 14 agencies in my Department have pension funds. Based on returns from the bodies in question, the following tabular statement below lists the assets and liabilities of the relevant pension funds at 31 December 2008.
Agency | 2008 Assets | 2008 Liabilities |
FÁS | 328,193,000 | 631,428,000 |
IDA (Forfás) | 182,800,000 | 209,340,000 |
Irish Goods Council (Forfás) | 2,081,000 | 3,529,000 |
SFADCo | 48,000,000 | 64,900,000 |
I understand that Asset figures have improved in the interim, but are subject to market fluctuations.
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