Written answers

Thursday, 1 March 2012

5:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 238: To ask the Minister for Health the approximate deficit on the pension funds at the end of 2011 or most recent available date of each of the commercial semi-State companies; and if he will make a statement on the matter. [12574/12]

Photo of James ReillyJames Reilly (Dublin North, Fine Gael)
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The VHI have informed my Department that as at the 31 December 2011; on a minimum funding standard basis, the scheme does not have a deficit. On a Financial Reporting Standard FRS 17 basis, the pension deficit is €25.5 million, (net of deferred tax asset).

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