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Dáil Éireann debate -
Tuesday, 9 Jul 1963

Vol. 204 No. 4

Ceisteanna—Questions. Oral Answers. - CIE Superannuation Fund.

12.

asked the Minister for Transport and Power if he will state in respect of the CIE Superannuation (Amendment) Scheme for regular wages staff (a) the income and expenditure of the fund since it was last valued, (b) details of all members in respect of age and length of service, (c) the rate of influx of members with specific reference to the number and ages of entry, and (d) the rate of influx by way of death, withdrawal, and retirement.

The information requested at (a) of the Deputy's question, and part of the information requested at (b), that is, the ages of members of the Superannuation Schemes for regular wages staff, is in the form of tabular statements (Schedules 1 and 2) which I propose, with the permission of An Ceann Comhairle, to have circulated with the Official Report. I am informed by CIE that the remaining information is not available and that its compilation would entail a very substantial volume of work.

Following are the statements:—

SCHEDULE 1

INCOME AND EXPENDITURE RETURNS

I. CÓRAS IOMPAIR ÉIREANN REGULAR WAGES STAFF PENSION FUND (EXCLUDING GNR (I) PENSION FUND)

Year Ended 31st December, 1958

£

s.

d.

£

s.

d.

Members' Contributions (including

Pensions

154,391

2

2

arrears received to date), less refunds

*155,024

9

1

Contributions from Córas Iompair Eireann

250,000

0

0

Balance, being excess of Income over Expenditure, transferred to Fund Account

Interest from Investments

92,335

19

1

344,002

19

5

Interest from Córas Iompair Éireann

1,033

13

5

£498,394

1

7

£498,394

1

7

Year Ended 31st December, 1959

Members' Contributions (including

Pensions

174,243

5

3

arrears received to date), less refunds

* 118,079

6

3

Contributions from Córas Iompair Éireann

200,000

0

0

Balance, being excess of Income over Expenditure, transferred to Fund Account

Interest from Investments

113,309

0

10

257,876

11

0

Interest from Córas Iompair Éireann

731

9

2

£432,119

16

3

£432,119

16

3

Year Ended 31st December, 1960

Members' Contributions (including

Pensions

181,961

18

2

arrears received to date), less refunds

71,270

3

3

Contributions from Córas Iompair Éireann

200,000

0

0

Balance, being excess of Income over Expenditure, transferred to Fund Account

Interest from Investments

136,345

18

2

225,766

16

3

Interest from Córas Iompair Éireann

112

13

0

£407,728

14

5

£407,728

14

5

Year Ended 31st December, 1961

Members' Contributions (including

Pensions

205,916

7

7

arrears received to date), less refunds

62,305

18

7

Contributions from Córas Iompair Éireann

200,000

0

0

Balance, being excess of Income over Expenditure, transferred to Fund Account

Interest from Investments

147,837

7

1

204,424

19

7

Interest from Córas Iompair Éireann

198

1

6

£410,341

7

2

£410,341

7

2

Year Ended 31st December, 1962

Members' Contributions (including

Pensions

204,691

3

6

arrears received to date), less refunds

74,562

1

0

Contributions from Córas Iompair Éireann

200,000

0

0

Balance, being excess of Income over Expenditure, transferred to Fund Account

Interest from Investments

159,459

10

11

Account

229,478

1

9

Interest from Córas Iompair Éireann

147

13

4

£434,169

5

3

£434,169

5

3

II. GNR (I) PENSION FUND FOR WAGES STAFF

Year Ended 31st December, 1962

£

s.

d.

£

s.

d.

Members' Contributions (including

Pensions paid and Contributions

arrears)

8,139

0

0

Refunded

30,884

0

0

Contributions from C.I.E.

17,986

0

0

Balance

11,207

0

0

Interest

15,966

0

0

42,091

0

0

42,091

0

0

Particulars of this scheme are confined to the year 1962 as figures on a corresponding basis for earlier years are not readily available.

* NOTE: These years include arrears of contributions back to April, 1956, resulting from the amendment of the Scheme in November, 1957.

SCHEDULE 2

REGULAR WAGES STAFF PENSION SCHEMES

Particulars of Membership as at 30th June, 1963

Year of Birth

DUT Scheme

GSR Scheme

CIE Scheme

GNR Scheme

Number

Number

Number

Number

1898

12

40

3

6

9

33

106

16

6

1900

27

135

20

16

1

34

134

30

9

2

47

153

41

13

3

50

137

45

8

4

50

118

44

13

5

48

123

59

15

6

57

111

67

13

7

73

123

79

11

8

53

143

115

21

9

60

129

144

25

1910

68

119

132

25

1

66

132

154

22

2

51

132

193

25

3

51

121

180

41

4

40

130

188

23

5

36

131

191

33

6

25

137

216

23

7

11

119

193

27

8

12

111

222

25

9

2

100

248

29

1920

7

114

329

44

1

3

99

342

26

2

5

103

333

40

3

5

68

357

45

4

4

43

394

66

5

10

39

332

49

6

3

23

337

37

7

351

25

8

331

17

9

320

21

1930

274

14

1

234

7

2

221

8

3

161

3

4

186

12

5

145

7

6

151

7

7

105

6

8

87

3

1939

77

1940

62

1

27

2

11

3

2

TOTAL

943

3,173

7,749

866

GRAND TOTAL 12,731

Question No. 13 postponed.

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