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Dáil Éireann debate -
Wednesday, 16 Dec 1981

Vol. 331 No. 11

Written Answers. - Bord na Móna Superannuation Schemes.

649.

asked the Minister for Industry and Energy if he will give particulars of the weekly pensions under the Bord na Móna superannuation schemes in the form of a reply to a Parliamentary Question on 18 December 1969.

Following is the information requested:—

REGULAR WORKS EMPLOYEE'S SUPERANNUATION SCHEME

(a) No. of employees covered

4521

1979

1980

1981

(b) Annual income from employees' contributions in each of last three years

as at 31st March

£382,098

£476,952

£922,455

*(c) Number of pensioners and the monthly amount paid in pensions at a recent convenient date

as at 30/11/1981

521

£43,671.25

(d) Amount outstanding to the credit of the Scheme at latest available date

£6,939,382 as at 30/9/1981

(e) How is the money invested?

Trustee securities, investments authorised by the Minister and in the Head Office site

1979

1980

1981

(f) Income from investments over the past three years

as at 31st March

£429,451

£512,917

£571,994

(g) Total amount paid in pensions over the past three years

as at 31st March

£202,723

£274,633

£334,554

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

as at 31st March

£26,216

£30,782

£37,020

(Total administration costs for all three Schemes).

*Pensions in this Scheme are co-ordinated with Social Welfare pensions.

GENERAL EMPLOYEES' SUPERANNUATION SCHEME

(a) No. of employees covered

842

1979

1980

1981

(b) Annual income from employees' contributions in each of last three years

as at 31st March

£216,522

£262,571

£305,530

(c) Number of pensioners and the monthly amount paid in pensions at a recent convenient date

as at 30/11/1981

70

£26,714.10

(d) Amount outstanding to the credit of the Scheme at latest available date

£4,777,095 as at 30/9/1981

(e) How is the money invested?

Trustee securities, investments authorised by the Minister and in the Head Office site

1979

1980

1981

(f) Income from investments over the past three years

as at 31st March

£308,591

£384,348

£453,033

(g) Total amount paid in pensions over the past three years

as at 31st March

£124,627

£153,918

£202,702

(h) The cost of administration of the Scheme for the past

three years

(See under Regular Works Employee's Superannuation Scheme)

WIDOWS' & CHILDREN'S PENSION SCHEME

(a) No. of employees covered

687

1979

1980

1981

(b) Annual income from employees' contributions in each of last three years

as at 31st March

£56,953

£68,043

£85,912

(c) Number of pensioners and the monthly amount paid in pensions at a recent convenient date

as at 30/11/1981

30

£7,996.31

(d) Amount outstanding to the credit of the Scheme at latest available date

£831,174 as at 30/9/1981

(e) How is the money invested?

Trustee securities, investments authorised by the Minister

1979

1980

1981

(f) Income from investments over the past three years

as at 31st March

£48,234

£40,935

£69,281

(g) Total amount paid in pensions over the past three years

as at 31st March

£51,240

£60,976

£71,768

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

(See under Regular Works Employees' Superannuation Scheme)

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