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Pension Provisions

Dáil Éireann Debate, Thursday - 11 July 2013

Thursday, 11 July 2013

Questions (78)

Michael McGrath

Question:

78. Deputy Michael McGrath asked the Minister for Finance his plans to address the pension deficit at the Central Bank of Ireland; and if he will make a statement on the matter. [34118/13]

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Written answers

I am informed by the Central Bank that the Central Bank of Ireland Superannuation Scheme has sufficient assets to meet all of its liabilities as prescribed by the Pensions Act. This has been confirmed by the scheme’s actuaries every year since the superannuation scheme was established in 2008 and they continue to monitor the solvency of the scheme on a regular basis. The Central Bank’s superannuation scheme is a funded pension scheme established under the Central Bank and Financial Services Authority of Ireland Act, 2003.

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