Semi-State Bodies

Dáil Éireann Debate, Thursday - 1 March 2012

Thursday, 1 March 2012

Questions (235)

Michael McGrath

Question:

238 Deputy Michael McGrath asked the Minister for Health the approximate deficit on the pension funds at the end of 2011 or most recent available date of each of the commercial semi-State companies; and if he will make a statement on the matter. [12574/12]

Written answers

Minister for Health (Deputy James Reilly)

The VHI have informed my Department that as at the 31 December 2011; on a minimum funding standard basis, the scheme does not have a deficit. On a Financial Reporting Standard FRS 17 basis, the pension deficit is €25.5 million, (net of deferred tax asset).