Written answers
Thursday, 8 March 2018
Department of Employment Affairs and Social Protection
Defined Benefit Pension Schemes
John Brady (Wicklow, Sinn Fein)
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549. To ask the Minister for Employment Affairs and Social Protection the number of active defined benefit pension schemes and members in each of the years since 2010 and to date in 2018. [10895/18]
Regina Doherty (Meath East, Fine Gael)
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Tables 1 and 2 set out the number of defined benefit (DB) pension schemes and members from 2010 to the end of 2017. DB scheme data is issued on an end of year basis so it is not possible to provide figures for 2018.
Table 1 – DB schemes and members subject to the funding standard
Year | Total number of schemes | Frozen schemes | Schemes in wind-up | Number of active members |
---|---|---|---|---|
2010 | 1,013 | 85 | - | 222,072 |
2011 | 993 | 115 | 20 | 197,177 |
2012 | 933 | 121 | 57 | 189,644 |
2013 | 890 | 139 | 86 | 178,619 |
2014 | 778 | 164 | 58 | 139,877 |
2015 | 715 | 189 | 44 | 125,995 |
2016 | 677 | 212 | 32 | 111,535 |
2017 | 640 | 194 | 41 | 105,414 |
Table 2 – DB schemes not subject to the funding standard
Year | Number of schemes | Frozen schemes | Schemes in wind-up | Number of active members |
---|---|---|---|---|
2010 | 95 | 0 | 0 | 328,157 |
2011 | 105 | 0 | 0 | 335,551 |
2012 | 107 | 0 | 0 | 338,037 |
2013 | 108 | 0 | 0 | 328,435 |
2014 | 108 | 0 | 0 | 329,889 |
2015 | 99 | 0 | 0 | 339,155 |
2016 | 101 | 0 | 0 | 360,073 |
2017 | 98 | 0 | 0 | 351,806 |
I hope this clarifies the matter for the Deputy.
John Brady (Wicklow, Sinn Fein)
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550. To ask the Minister for Employment Affairs and Social Protection her views on the moves from defined benefit to defined contribution pension schemes by companies in which the pension pot is in surplus; and if she will make a statement on the matter. [10896/18]
John Brady (Wicklow, Sinn Fein)
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613. To ask the Minister for Employment Affairs and Social Protection the reason the issue of defined benefit schemes in surplus being closed down as has been occurring in recent years was not examined in the Roadmap for Pensions Reform; and if she will make a statement on the matter. [11676/18]
Regina Doherty (Meath East, Fine Gael)
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I propose to take Questions Nos. 550 and 613 together.
The Roadmap for Pensions Reform details specific measures that will modernise our pension system. It sets out under Strand 4, ‘Measures to Support the Operation of Defined Benefit Schemes’, that the Government is committed to advancing the Social Welfare, Pensions and Civil Registration Bill 2017 to respond to the ongoing difficulties in DB schemes and to increase protections for members as well encouraging employers to ensure that schemes are well funded and managed.
As the Deputy is aware, the General Scheme of the Social Welfare and Pensions Bill 2017 (now the Social Welfare, Pensions and Civil Registration Bill 2017), was published in May 2017 and contained a number of key measures relating to DB pension schemes. These proposed provisions will ensure that an employer cannot “walk away” at short notice from the pension scheme it is supporting. They seek a middle road between the current position where employers can abandon DB schemes and full and immediate debt on employer provisions. The measures will act to support existing provisions in the Pensions Act and will provide for further protection for scheme members’ benefits and enhance employer responsibilities for their schemes.
These provisions are quite technical and complex. Work to finalise them is at an advanced stage and I hope to be in position to bring forward the amendments at Committee Stage in the near future.
I hope this clarifies the matter for the Deputy.
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