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

2.

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.

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

(a) The number of employees covered:

12,478

572

2,127

(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

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

Weekly Amount (Scheme):

£4,680

Monthly Amount:

£13,959

Monthly Amount:

£2,216

*Weekly Amount (Ex-gratia):

£980

(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.

57

61

71

505

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.

6

1,661

756

The following Pensions are also paid under these Schemes:—

FEMALE

33/-d.

23/-d.

20/-d.

1

2

32

(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

Trustee Stock—Irish

£3,876,038

Trustee Stock—Irish

£1,442,166

Trustee Stock—Irish

£2,432,955

British

£29,829

British

£189,289

On Bank Deposit and Current Accounts and awaiting Investment

£154,161

Cash at Bank

£185

Cash at Bank

£21,879

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.