asked the Minister for Transport and Power if he will state in respect of Córas 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 past three years, (c) the number of pensioners and weekly amount paid in pensions to a recent convenient date, (d) the number of pensioners on various fixed rates of pension and the amount of weekly pension paid to each of these groups, (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 a scheme.
Ceisteanna—Questions. Oral Answers. - CIE Superannuation Schemes.
With your permission, a Cheann Comhairle, I propose to circulate a tabular statement with the Official Report giving the information required by the Deputy in relation to the CIE superannuation schemes.
Following is the statement:
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 |
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(a) The number of employees covered: |
12,478 |
572 |
2,127 |
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(b) The annual income from employees' contributions and the Company's contributions in each of the last three years: |
1962 |
1963 |
1964 |
1962 |
1963 |
1964 |
1962 |
1963 |
1964 |
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Employees |
£83,666 |
£78,849 |
£77,183 |
Employees |
£35,867 |
£32,903 |
£37,528 |
Employees |
£82,533 |
£87,787 |
£106,119 |
|
Board's |
£200,000 |
£220,377 |
£218,501 |
Board's |
£35,900 |
£32,939 |
£37,528 |
Board's |
£82,533 |
£87,787 |
£106,119 |
|
(c) The number of pensioners and weekly amount paid in pensions in week ended 15th May, 1965. |
Number: |
3,229 |
Number: |
515 |
Number: |
113 |
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Weekly Amount (Scheme): |
£4,680 |
Monthly Amount: |
£13,959 |
Monthly Amount: |
£2,216 |
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*Weekly Amount (Ex-gratia): |
£980 |
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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: |
88/6d. |
78/6d. |
68/6d. |
51/3d. |
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57 |
61 |
71 |
505 |
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33/6d. |
20/-d. |
Early Retirement Pensions (Between 20/- and 51/3d.) |
Pensions of salaried staff are not paid at fixed rates and vary according to individual contribution history. |
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6 |
1,661 |
756 |
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The following Pensions are also paid under these Schemes:— |
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FEMALE |
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33/-d. |
23/-d. |
20/-d. |
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1 |
2 |
32 |
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(e) The amount standing to the credit of the scheme at 31st December, 1964 and how this money is invested : |
£4,060,028 |
£1,631,640 |
£2,454,834 |
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Trustee Stock—Irish |
£3,876,038 |
Trustee Stock—Irish |
£1,442,166 |
Trustee Stock—Irish |
£2,432,955 |
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British |
£29,829 |
British |
£189,289 |
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On Bank Deposit and Current Accounts and awaiting Investment |
£154,161 |
Cash at Bank |
£185 |
Cash at Bank |
£21,879 |
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Closed to New Entrants since 1st January, 1945 |
*NOTE:—ex-gratia payments by the Board as follows:—
(i) Retirement prior to 1/4/1963.
MALES: Increases of from 2/6d. to 15/- per week Subject to—
Minimum pension of 20/- per week.
Maximum pension of 51/3 per week.
FEMALES: Pensions increased to 20/- per week, (Minimum).
(ii) ex-gratia increases granted in 1957 to pensioners who retired before 1st April, 1956.