Dáil Éireann Debate, Tuesday - 16 April 2013
524. Deputy Terence Flanagan asked the Minister for Public Expenditure and Reform when the actuarial assessments of public service pension costs will commence; or if it has commenced, when it will be completed and made public; and if he will make a statement on the matter. [16763/13]
View answerIn commenting on the C & AG's 2011 recommendation that such actuarial reviews of the cost of public service pensions should be carried out regularly to inform debate, the Accounting Officer, Department of Public Expenditure and Reform, made clear the Department's commitment to carrying out these reviews.
It is proposed to use the actuarial analysis in the 2009 C &AG report on public service pensions as a starting point and my Department has had discussions with the C & AG's office on the matter.
The Deputy will be aware of the many changes in both pay and public service pensions in recent years which will have to be taken account of in any new review. As the longer-term evolution of public service pay is a particularly important factor in determining pension costs, it will be more appropriate to start the actuarial assessment once the position on public service pay is clarified in the coming months.
