Terence Flanagan (Dublin North East, Fine Gael)
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To ask the Minister for Environment, Community and Local Government how well funded all semi-State company pension schemes are; and if he will make a statement on the matter. [50654/12]

Phil Hogan (Carlow-Kilkenny, Fine Gael)
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State bodies under the aegis of my Department, with the exception of the National Building Agency, operate defined benefit pension schemes. These pension schemes are funded annually on a pay as you go basis from monies available to the State agencies, including where appropriate monies made available from my Department, and from pension contributions deducted from staff salaries. The National Building Agency pension scheme is a funded defined benefit scheme and is currently well funded with assets exceeding scheme liabilities.