Maureen O'Sullivan (Dublin Central, Independent)
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Question 129: To ask the Minister for Finance the savings that will be made if the proposed pension scheme for new teachers and public servants in regard to career average, later retirement and CPI linkage is introduced. [43714/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The savings likely to arise from the proposed new single pension scheme will depend on the final details of that scheme. These are under active consideration in my Department in the context of the preparation of the necessary legislation to give effect to the new measure and have not yet been decided by Government. While I am not in a position to give the detailed figures requested by the Deputy, I can confirm that the new scheme will reduce the gross pension cost as a percentage of pensionable remuneration. In this connection I would direct the Deputy to the Comptroller & Auditor General's recent Special Report on Public Service Pensions (published October 2009), as updated by the Report of the Comptroller and Auditor General on the Accounts of the Public Services 2009 (published September 2010). These Reports contain indicative cost figures based on certain assumptions. I would add that the cost benefits to be delivered by the new scheme will vary depending on levels of future recruitment to the public service, service periods, pay and other factors over the next half century.