Dáil Éireann Debate, Thursday - 18 July 2013
175. Deputy Michael McGrath asked the Minister for Finance in relation to all of the staff pension schemes that operate in the Central Bank of Ireland, the name of the scheme, if it is defined benefit or defined contribution; the current funding position of the scheme; and if he will make a statement on the matter. [36683/13]
View answerThe legal name of the Central Bank of Ireland Superannuation Scheme is the ‘Central Bank and Financial Services Authority of Ireland Superannuation Scheme 2008’. The scheme is a defined benefit funded scheme and has met the Pensions Board minimum funding standard every year since it was established in 2008. The Scheme is not Exchequer funded. Details of the Scheme are set out in the Central Bank Annual Report 2012.
