asked the Minister for Industry and Commerce if he will state, in respect of the C.I.E. superannuation scheme for wages grade employees, (a) the number of employees covered, (b) the annual income from employees' contributions and the board's contributions in each of the last three years, (c) the number of pensioners and the weekly amount paid in pensions at a recent convenient date, (d) the number of pensioners with pensions of 6/-, 12/-, 20/-, 30/-, and 37/6, and (e) the amount standing to the credit of the scheme at the latest available date, and how this money is invested.
Ceisteanna—Questions. Oral Answers. - C.I.E. Superannuation Scheme.
With the permission of the Ceann Comhairle I propose to circulate a tabular statement with the Official Report giving the particulars requested by the Deputy.
Following is the statement:
(a) The number of employees covered:
13,753
b The annual income:
|
Year |
Employees' Contributions |
Board's Contributions |
|
£ |
£ |
|
|
1952 |
31,585 |
180,000 |
|
1953 |
29,793 |
180,000 |
|
1954 |
28,298 |
180,000 |
(i) Number of pensioners at 1st February, 1955:
1,813
(ii) Weekly amount paid in pensions:
£2,075
(d) Number of pensioners paid specified amounts:
|
MALES |
|
|
Rate per week |
No. |
|
6/- |
721 |
|
12/- |
18 |
|
20/- |
46 |
|
30/- |
13 |
|
37/6- |
857 |
|
FEMALES |
|
|
6/- |
2 |
|
10/- |
2 |
|
13/- |
10 |
In addition there are 144 reduced pensions varying from 13/7 to 20/- per week paid to employees who have retired before normal retiring age owing to ill health.
(e) (i) Amount standing to the credit of the schemes at 31st December, 1954:
£1,562,959
(ii) This money is invested as follows:
Invested in—
|
£ |
|
|
Irish Government Securities |
746,406 |
|
Irish Transport Securities |
297,877 |
|
Irish Municipal Securities |
307,612 |
|
Cash at Bank— |
|
|
On deposit |
96,828 |
|
Current Account |
4,849 |
|
Board's contribution plus members' contributions, less pensions paid |
109,387 |
|
£1,562,959 |
In addition to above, the following amounts have accrued due or become payable:—
|
£ |
|
|
Accrued due for interest on investments |
16,993 |
|
Income-tax recoverable |
3,553 |
|
TOTAL |
£20,546 |