Written answers

Wednesday, 18 September 2013

Department of Agriculture, Food and the Marine

Coillte Pension Scheme

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
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1152. To ask the Minister for Agriculture, Food and the Marine his views on the deficit in the Coillte pension scheme; if he understands this scheme to be a defined contribution scheme or the defined benefits scheme; and if he will make a statement on the matter. [37442/13]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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Coillte Teoranta was established as a private commercial company under the Forestry Act, 1988. The types of pension schemes currently operated by Coillte and their respective deficits/surpluses are as stated in the Company’s Annual Report 2012, copies of which were laid before the Houses of the Oireachtas at the end of July 2013. As the defined benefit Coillte Teoranta No. 1 Fund Superannuation Scheme is currently the subject of legal action, it is not appropriate for me to comment further on this matter at this stage.

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