Written answers
Thursday, 18 July 2013
Department of Environment, Community and Local Government
Departmental Agencies Pension Provisions
Michael McGrath (Cork South Central, Fianna Fail)
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468. To ask the Minister for Environment, Community and Local Government in respect of each State agency and commercial State company under the aegis of his Department, if he will provide details of the name of each pension scheme; details of the salary percentage contributions made by the employer and the employees; the latest information on the funding position of the scheme; if any changes are planned; and if he will make a statement on the matter. [36371/13]
Phil Hogan (Carlow-Kilkenny, Fine Gael)
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The information requested is contained in the table below .
| An Bord Pleanála | - |
|---|---|
| (1) Name of Scheme | An Bord Pleanála Staff Superannuation Scheme 1986-2006 |
| An Bord Pleanála Staff Spouses and Children's Scheme 1986 | |
| An Bord Pleanála Chairman and Members Superannuation Scheme 1986 | |
| An Bord Pleanála Chairman and Members Spouses and Children's Scheme 1986 | |
| (2) Contributions | Staff |
| For class A PRSI contributors, contribution rates to the Main Scheme are 1.5% of full pay and 3.5% of net pay. An additional contribution of 1.5% of full pay is made to the Spouses and Children's Scheme. | |
| For class D PRSI contributors, a contribution of 1.5% of full pay is made to the Spouses and Children's Scheme only. | |
| Board Members | |
| All Board Members are Class A PRSI contributors. Contribution rates to the Main Scheme are 1.5% of full pay and 3.5% of net pay. An additional contribution of 2.5% of full pay is made to the Spouses and Children's Scheme. | |
| (3) Latest Funding | The Schemes are defined benefit final salary schemes. Retirement benefits are generally based on final pensionable salary and length of service. The Schemes are financed on a pay-as-you-go basis, that is, as part of current expenditure. |
| (4) Changes Planned | No. |
| Dublin Docklands Development Authority | |
| (1) Name of Scheme | Dublin Docklands Development Authority Superannuation Scheme 2000. |
| Dublin Docklands Development Authority Spouses and Children's Pension Scheme, 2000. | |
| (2) Contributions | Employer contribution - the schemes are unfunded. |
| Employee contribution - 3% of pay and 2% of net pay. | |
| (3) Latest Funding | The schemes are financed on a pay-as-you-go basis. |
| (4) Changes Planned | The Authority is winding up at the end of the year and the pension will be transferred to another appropriate State body. |
| Environmental Protection Agency | |
| (1) Name of Scheme | Environmental Protection Agency (Director-General and Directors) Superannuation Scheme 1996-2013. |
| Environmental Protection Agency (Director-General and Directors) Spouses' and Children's Scheme 1996-2013. | |
| Environmental Protection Agency Staff Superannuation Scheme 2001-2013. | |
| Environmental Protection Agency Spouses' and Children's Contributory Pension Scheme 2001-2013. | |
| An Foras Forbartha Teo Superannuation Scheme 1975-1991 (AFF). | |
| (2) Contributions | Director paying modified PRSI |
| The Main Scheme (i.e. the Scheme that provides personal pension and lump sum benefits) is non-contributory. The Spouses' and Children's Pension Scheme is a contributory one. The rate of contribution is 2.5% of pay and 1.67% of final pay for each year of outstanding liability by way of deduction from final gratuity. | |
| Director paying full (Class A) PRSI | |
| The Main Scheme (i.e. the Scheme that provides personal pension and lump sum benefits) is contributory and the contribution is 3.5% of net pay plus 1.5% of gross pay. The Spouses' and Children's Pension Scheme is a contributory one. The rate of contribution is 2.5% of annual pay and 1.67% of final pay for each year of outstanding liability by way of deduction from final gratuity. | |
| Staff paying modified PRSI | |
| Staff currently paying modified rate PRSI are entitled to non-contributory membership of the Superannuation Scheme. Contributions of 1.5% of pay are also payable in respect of benefits under the Spouses' and Children's Contributory Pension Scheme. | |
| Staff paying full (Class A) PRSI | |
| Pensions (and Contributions) are co-ordinated with the Social Welfare Contributory Old Age Pension. | |
| Superannuation contributions are payable at the rate of: 1.5% of full pay plus 3.5% of net pay | |
| Contributions of 1.5% of full salary are also payable in respect of benefits under the Spouses' and Children's Contributory Pension Scheme. | |
| The EPA pays AFF pensioners on behalf of DECLG, with superannuation payments recouped from DECLG. The AFF scheme is closed. | |
| (3) Latest Funding | The schemes are financed on a pay-as-you-go basis. |
| (4) Changes Planned | NO. |
| Housing and Sustainable Communities Agency (HSCA) | |
| (1) Name of Scheme | Approval currently being sought based on model scheme. |
| (2) Contributions | Employee contribution of 1.5% of pay in respect of retirement lump sum, 3.5% of net pay payable in respect of personal pension entitlement and 1.5% of pay payable in respect of spouses' and children's pension entitlement. |
| (3) Latest Funding | The scheme is financed on a pay-as-you-go basis. |
| (4) Changes Planned | No. |
| Housing Finance Agency (HFA) | |
| (1) Name of Scheme | Housing Finance Agency Pension Scheme. |
| (2) Contributions | Employees make a pension contribution of 10%, with 4% of this going into the HFA scheme. Employer's contribution is 26% (2012 figures). This scheme is subject to “The Funding Standard” of the Irish Pensions Board. |
| (3) Latest Funding | The HFA scheme was fully funded at the last valuation on 30 September 2012. |
| (4) Changes Planned | No. |
| Irish Water Safety (IWS) | |
| (1) Name of Scheme | Local Government Superannuation Scheme |
| (2) Contributions | 3% of gross pay plus 3.5% of net pay. All contributions are made by the employee. |
| (3) Latest Funding | The scheme is financed on a pay-as-you-go basis. |
| (4) Changes Planned | No. |
| Local Government Management Agency (LGMA) | |
| (1) Name of Scheme | Local Government (Superannuation) (Consolidation) Scheme, 1998 as amended by the Public Service Superannuation (Miscellaneous Provisions) Act 2004. |
| (2) Contributions | Modified PRSI Officers (Class D) |
| Employees make a periodic contribution of 5% of their pay. | |
| Employees also contribute at the rate of 1.5% of their pay in respect of the Local Government (Spouses and Children's Contributory Pension) Scheme. | |
| Full PRSI Officers (Class A) | |
| Employees make a periodic contribution of 1.5% of pay, plus 3.5% of net pay. | |
| Employees also contribute at the rate of 1.5% of their pay in respect of the Local Government (Spouses and Children's Contributory Pension) Scheme. | |
| (3) Latest Funding | The scheme is financed on a pay-as-you-go basis. |
| (4) Changes Planned | No. |
National Building Agency (NBA) | |
| (1) Name of Scheme | National Building Agency Ltd. Superannuation Scheme |
| (2) Contributions | Employer contributions: 21.2% of pensionable salary; Employee contributions: 2% of PPC salary and 3% of pensionable salary. In addition employees contribute to a spouses and children's pension fund at a rate of 1.5% of pay. |
| (3) Latest Funding | Based on the most recent assessment, the scheme's assets exceed the scheme's liabilities. |
| (4) Changes Planned | NBA is closed operationally. Decision to be taken re: pension situation before final formal abolition of NBA. |
| Private Residential Tenancies Board (PRTB) | |
| (1) Name of Scheme | Private Residential Tenancies Board Superannuation Scheme 2011. |
| (2) Contributions | No contribution is made by the PRTB. Employee contributions are as follows: 3.5% of net pay, and 1.5% of pay. |
| (3) Latest Funding | The scheme is financed on a pay-as-you-go basis. |
| (4) Changes Planned | No. |
| Radiological Protection Institute of Ireland (RPII) | |
| (1) Name of Scheme | Radiological Protection Institute of Ireland (RPII) Superannuation Scheme and Spouses and Children's Scheme. |
| (2) Contributions | Class A - 1.5% of full pay and 3.5% of net pay plus additional 1.5% of full pay for Spouses' and Children's Scheme; Class D - 5% of full pay plus additional 1.5% of full pay for Spouses' and Children's Scheme. The RPII does not make a contribution. |
| (3) Latest Funding | The schemes are financed on a pay-as-you-go basis. |
| (4) Changes Planned | No. |
| Western Development Commission (WDC) | |
| (1) Name of Scheme | Western Development Commission Employee Superannuation Scheme 2006 |
| (2) Contributions | Employees 3% of Gross pay +3.5% net pay. Employers don't contribute. |
| (3) Latest Funding | The scheme is financed on a pay-as-you-go basis. |
| (4) Changes Planned | No. |
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