Written answers

Thursday, 12 November 2009

Department of Enterprise, Trade and Employment

Pension Provisions

5:00 pm

Photo of John O'MahonyJohn O'Mahony (Mayo, Fine Gael)
Link to this: Individually | In context

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]

Photo of James ReillyJames Reilly (Dublin North, Fine Gael)
Link to this: Individually | In context

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]

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)
Link to this: Individually | In context

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.

Agency2008 Assets2008 Liabilities
FÁS328,193,000631,428,000
IDA (Forfás)182,800,000209,340,000
Irish Goods Council (Forfás)2,081,0003,529,000
SFADCo48,000,00064,900,000

I understand that Asset figures have improved in the interim, but are subject to market fluctuations.

Comments

No comments

Log in or join to post a public comment.