Written answers
Wednesday, 7 May 2014
Department of Public Expenditure and Reform
Public Sector Pensions Data
Seán Fleming (Laois-Offaly, Fianna Fail)
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101. To ask the Minister for Public Expenditure and Reform if he will provide in tabular form the total annual yield from superannuation paid by public servants in each year from 2009 to 2013; and if he will make a statement on the matter. [20402/14]
Brendan Howlin (Wexford, Labour)
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The estimated yield to Exchequer receipts from pension contributions by public servants in respect of the period 2009 to 2013 is as follows:
| Year | Amount |
|---|---|
| 2009 | €578m |
| 2010 | €537m |
| 2011 | €540m |
| 2012 | €528m |
| 2013 | €514m (Provisional) |
Seán Fleming (Laois-Offaly, Fianna Fail)
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102. To ask the Minister for Public Expenditure and Reform if he will provide in tabular form the gross annual yield since 2011 from the public service pension reduction paid by retired public servants; and if he will make a statement on the matter. [20403/14]
Brendan Howlin (Wexford, Labour)
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Since its introduction on 1 January 2011 as provided for in the Financial Emergency Measures in the Public Interest Act 2010, the Public Service Pension Reduction (PSPR) is estimated to have delivered annual savings to the public finances as follows: 2011 - €100 million; 2012 - €100 million; 2013 - €114 million. These savings constitute estimates of reduced pension payments attributable to PSPR. There are no actual inflows to the public finances or payments by pensioners associated with PSPR, since the measure operates by reducing pension payment rates at source.
While there have been several changes to PSPR rates and rules since 2011, the only such change with significant yield implications occurred last year, when the Financial Emergency Measures in the Public Interest Act 2013 altered the PSPR regime in order to reduce annual public service pensions valued in excess of €32,500. This PSPR alteration, which took effect on 1 July 2013, is the main reason for the increase in the estimated PSPR saving in 2013.
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