Written answers

Thursday, 19 November 2015

Department of Children and Youth Affairs

Defined Benefit Pension Schemes

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

160. To ask the Minister for Children and Youth Affairs the number of defined benefit pension schemes currently listed for employees under his remit; the number that are in deficit; his plans to consolidate any of these schemes; and if he will make a statement on the matter. [41286/15]

Photo of James ReillyJames Reilly (Dublin North, Fine Gael)
Link to this: Individually | In context | Oireachtas source

There are eight public service defined benefit schemes in operation across my Department and agencies under its remit. All schemes operate on a “pay as you go” basis and the question of deficits does not therefore arise.

Seven of the schemes are legacy schemes in that they apply only to civil or public servants employed prior to January 2013. Since January 2013, all new entrants are members of the Single Public Service Pension Scheme in accordance with the Public Service Pensions (Single Scheme and Other Provisions) Act 2012.

Comments

No comments

Log in or join to post a public comment.