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Dáil Éireann debate -
Thursday, 18 Dec 1969

Vol. 243 No. 11

Written Answers. - Bord na Móna Pensions.

118.

asked the Minister for Transport and Power if he will furnish particulars of pensions in payment in Bord na Móna under the Superannuation Scheme, 1969, in respect of three recent years, in the form of a reply of 27th November, 1969.

Following is the information requested:

Bord na Móna Regular Works Employees Superannuation Scheme

Question

Answers

1968-69

*1967-68

1966-67

£

£

£

(a) The number of employees covered

2,403

(b) The annual income from employees' contributions in each of the last three years.

60,497

44,617

52,156

(c) The number of pensioners and the weekly amount paid in pensions at a recent convenient date

as at 30/11/69:

143. Weekly amount—£104

(d) The number of pensioners in each category of pensions

as at 30/11/69:

Age Limit: 111 at rates from 3/7 to £1 19s.

Breakdown as follows: 41 in range 0-10s.; 47

in range 10s.-20s.;16 in range 20s.-30s.; 7 in

range 30s-40s.

Ill-health: 32 at rates from 3/8 to £1 13s. 3d.

Breakdown as follows-: 11 in range 0-10s.; 13 in range 10s.-20s.; 7 in range 20s.-30s.; 1 in range 30s.-40s.

(e) The amount standing to the credit of the Scheme at the latest available date.

as at 30/11/69: £562,905 10s. 9d.

(f) How is this money invested

Fund invested in Trustee Stocks

(g) The Income from investments over the past three years.

24,380

18,354

12,572

(h) The total amount paid in pensions over the past three years.

3,956

3,091

2,277

(i) The cost of administration of the Scheme for the past three years.

Administration costs borne by Bord na Móna. It is not possible to give an estimate of the cost.

* 6 weeks strike.

119.

asked the Minister for Transport and Power the ten lowest, highest, and median pensions in payment in Bord na Móna under the Superannuation Scheme of 1963, expressing pensions as a weekly amount, and the pension payable in each case in 1970 under the formula mooted in recent proposals.

Following is the information requested:

BORD NA MÓNA regular works employees superannuation scheme.

Ten Lowest Pensions

Name

Present Weekly Pension

Proposed New Pension

s.

d.

s.

d.

Pensioner A1

3

7

6

10

,, A2

3

8

6

10

,, A3

4

0

13

0

,, A4

4

8

15

1

,, A5

4

9

7

7

,, A6

5

0

11

6

,, A7

5

0

7

7

,, A8

5

2

15

7

,, A9

5

1

9

4

,, A10

5

3

9

0

BORD NA MÓNA regular works employees superannuation scheme.

Ten Median Pensions

Name

Present Weekly Pension

Proposed New Pension

£

s.

d.

£

s.

d.

Pensioner B1

1

0

3

1

13

3

,, B2

1

0

6

2

7

9

,, B3

1

1

1

1

19

1

,, B4

1

1

5

1

16

8

,, B5

1

1

6

1

18

4

,, B6

1

2

0

2

6

9

,, B7

1

2

4

1

2

4

,, B8

1

3

9

2

17

7

,, B9

1

4

10

2

13

1

,, B10

1

5

7

2

4

6

BORD NA MÓNA regular works employees superannuation scheme.

Ten Highest Pensions

Name

Present Weekly Pension

Proposed New Pension

£

s.

d.

£

s.

d.

Pensioner C1

1

9

0

3

14

7

,, C2

1

9

8

3

17

4

,, C3

1

13

2

4

8

0

,, C4

1

13

3

2

4

7

,, C5

1

13

10

3

9

11

,, C6

1

15

1

3

8

0

,, C7

1

15

5

4

0

4

,, C8

1

15

11

3

17

7

,, C9

1

17

0

4

3

7

,, C10

1

19

11

4

19

8

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