asked the Minister for Transport and Power if he will state in respect of the Coras Iompair Éireann superannuation scheme for wage grade employees (a) the number of employees covered, (b) the annual income from employees' contributions and the Company'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 on various fixed rates of pensions and the amount of weekly pension paid to each of these groups, and (e) the amount standing to the credit of the scheme at the latest available date, and how this money is invested; whether there is a similar scheme for the Company's salaried staff, and, if so, if he will give similar information in respect of such scheme.
Ceisteanna—Questions. Oral Answers. - Coras Iompair Éireann Superannuation Scheme.
With the permission of the Ceann Comhairle, I propose to circulate a tabular statement with the Official Report giving the particulars required by the Deputy.
Following is the statement:—
|
Superannuation Scheme for Wages Grade Employees |
C.I.E. Salaried Officers and Clerks (G.S.R.) Superannuation Scheme |
C.I.E. Superannuation Scheme, 1951 (salaried) |
||||||||||
|
(a) Number of employees covered |
12,566 |
890 |
1,344 |
|||||||||
|
1957 |
1958 |
1959 |
1957 |
1958 |
1959 |
1957 |
1958 |
1959 |
||||
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
||||
|
(b) The annual income from employees' contributions and the Company's contributions in each of the last three years. |
Employees' |
37,132 |
155,025* |
118,079 |
Employees' |
32,240 |
32,489 |
30,847 |
Employees' |
37,916 |
41,904 |
44,188 |
|
Board's |
302,500* |
250,000 |
200,000 |
Board's |
32,276 |
32,180 |
30,882 |
Board's |
37,916 |
41,513 |
44,385 |
|
|
(c) The number of pensioners and the weekly/monthly amount paid in pensions at a recent convenient date. |
Number |
2,630 |
Number |
372 |
Number |
68 |
||||||
|
Weekly amount |
£3,416 |
Amount |
£8,660 |
Amount |
£896 |
|||||||
|
Additional weekly Amount payable by Board |
£365† |
(Monthly) |
(Monthly) |
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|
MALE |
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|
(d) The number of pensioners on various fixed rates of pension and the amount of weekly pension paid to each of these groups. |
12/-d.20/-d. |
30/-d. |
33/6d.37/6d. |
51/3d. |
||||||||
|
1,21037 |
2 |
4136 |
909 |
|||||||||
|
FEMALE |
Pensions of salaried staff are not paid at fixed rates and vary according to individual contribution history. |
|||||||||||
|
10/-d. |
13/-d. |
18/-d. |
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|
10 |
8 |
11 |
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|
In addition there are also 303 pensioners retired before normal retiral age, who receive pensions varying from 7/6d. per week to 50/2d. per week. |
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|
(e) The amount standing to the credit of the Schemes at the latest available date, and how this money is invested. |
£2,769,324 |
£1,338,446 |
£1,089,027 |
|||||||||
|
Trustee Stock— |
Trustee Stock— |
Trustee Stock—Irish £1,077,091 |
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|
Irish |
£2,557,662 |
Irish |
£1,034,559 |
Cash at Bank—£11,936 |
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|
British |
303,714 |
|||||||||||
|
Cash at Bank |
173 |
|||||||||||
|
On Bank Deposit and Current Accounts and awaiting investment |
211,662 |
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*Includes increased contributions and also arrears of contributions from 1st April, 1956 in respect of the amended Superannuation Scheme.
†Ex gratia increases for pensioners who retired before 1st April, 1956.
Question No. 10 postponed.