Departmental Agencies Pension Provisions

Dáil Éireann Debate, Thursday - 18 July 2013

Thursday, 18 July 2013

Questions (439)

Michael McGrath

Question:

439. Deputy Michael McGrath asked the Minister for Communications, Energy and Natural Resources in respect of each State agency and commercial State company under the aegis of his Department, if he will provide details of the name of each pension scheme; details of the salary percentage contributions made by the employer and the employees; the latest information on the funding position of the scheme; if any changes are planned; and if he will make a statement on the matter. [36368/13]

Written answers

Minister for Communications, Energy and Natural Resources (Deputy Pat Rabbitte)

I wish to advise the Deputy that any issues regarding pension schemes for employees in Bodies under the aegis of my Department is an operational matter for each Body.

In July last year the Public Service Pensions (Single Scheme and Other Provisions) Act 2012 became law and introduced the new Single Public Service Pension Scheme ("Single Scheme"), which commenced with effect from 1st January 2013. All new entrants to pensionable employment in a public service body (as defined in the Act) are, in general, members of the Single Scheme. The scheme does not apply to larger commercial State Bodies including the ESB, EirGrid, An Post, BGÉ, Bord na Móna, RTÉ and Teilifís na Gaeilge.