asked the Minister for Industry and Commerce if he will state in respect of the Coras Iompair Éireann 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 in each of the last three years, (d) the number of pensioners in the various categories of pensions, (e) the amount standing to the credit of the scheme at the latest available date, and (f) how this money is invested.
Ceisteanna—Questions. Oral Answers. - C.I.E. Superannuation Scheme.
5.
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) Number of employees covered |
12,739 |
(b) Annual income from employees' contributions and the Board's contributions in each of the last three years:
|
1956 |
1957 |
1958 |
|
|
£ |
£ |
£ |
|
|
Employees' contributions |
25,210 |
37,132 |
155,025* |
|
Board's contributions |
180,000 |
302,500* |
250,000 |
(c) Number of pensioners and weekly amount paid in pensions in each of the last three years:
|
1956 |
1957 |
1958 |
|
|
Number of Pensioners |
2,072 |
2,286 |
2,461 |
|
Weekly amount paid |
£2,195 |
£2,725 |
£3,438 |
(d) Number of pensioners in the various categories of pension:—
|
Males |
|
|
Rate per week |
Number |
|
6/- |
Nil |
|
12/- |
1,094 |
|
20/- |
39 |
|
30/- |
8 |
|
33/6 |
3 |
|
37/6 |
371 |
|
51/3 |
637 |
|
Females |
|
|
10/- |
9 |
|
13/- |
10 |
|
18/- |
8 |
In addition there are 282 pensioners retired before normal retiral age who receive pensions varying from 7/6d. to 51/3d. per week.
|
(e) Amount standing to the credit of the scheme at 31st December, 1958 |
£2,511,548 |
|
(f) This amount is invested as follows:— |
£ |
|
Irish Government Securities |
1,038,316 |
|
Irish Transport Securities |
551,022 |
|
Irish Municipal Securities |
311,532 |
|
Irish Public Board's Securities |
304,500 |
|
2,205,370 |
|
|
On Bank Deposit and current accounts and awaiting investment |
306,178 |
|
2,511,548 |
|
*Includes increased contributions and also arrears of contributions from 1st April, 1956 in respect of the amended superannuation scheme.