Written answers
Tuesday, 31 May 2011
Department of Finance
Pension Provisions
9:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 115: To ask the Minister for Finance if he consulted with the Pensions Board in advance of deciding to impose a levy on pension funds; if he will publish any contribution or submission made by the board on this proposal; and if he will make a statement on the matter. [13548/11]
Michael Noonan (Limerick City, Fine Gael)
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There was no formal consultation by me or my Department with the Pensions Board in advance of the Government's decision to introduce the pension levy to fund the Jobs Initiative. Officials of my Department and the Revenue Commissioners have had contact with a wide number of interested parties in both the public and private sector, including the Pensions Board, about the practical, logistical and other issues surrounding the introduction of the levy. I do not propose to publish the details of any contributions from the Pensions Board to this process at this time.
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