Written answers

Thursday, 13 May 2010

Department of Finance

National Pensions Reserve Fund

5:00 pm

Photo of Denis NaughtenDenis Naughten (Roscommon-South Leitrim, Fine Gael)
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Question 113: To ask the Minister for Finance if he will provide a list of the assets and liabilities at 31 December 2009 of the funds listed in Schedule 1 of the Financial Measures (Miscellaneous Provisions) Act 2009; and if he will make a statement on the matter. [19884/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The Pension Funds of the following Bodies listed in Schedule 1 of the Financial Measures (Miscellaneous Provisions) Act 2009 were transferred to the National Pensions Reserve Fund (NPRF) on 31 December 2009 : University of Dublin Trinity College; National University of Ireland, Maynooth; Forfás (Industrial Development Authority Superannuation Fund and Irish Goods Council Pension Fund); SFADCo; FÁS; An Bord Bia; Arts Council; Fáilte Ireland (Regional Tourism Pension Scheme Fund and CERT Fund).

The Pension Funds of the following Bodies listed in the Schedule transferred to the NPRF on 31 March 2010: University College Dublin; University College Cork and National University of Ireland, Galway. The remaining Pension Funds listed in the Schedule will be transferred in 2010, subject to all technical arrangements and preconditions relating to the transfers being completed.

Under the provisions of the Transfer Order made under the Act in respect of each transfer, each Body is required to prepare final accounts for the transferred Fund and to have those accounts audited. These final accounts will provide figures for the assets and liabilities of each Fund as at the transfer date but they are not yet available.

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