The information requested is contained in the table below .
An Bord Pleanála
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(1) Name of Scheme
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An Bord Pleanála Staff Superannuation Scheme 1986-2006
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An Bord Pleanála Staff Spouses and Children’s Scheme 1986
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An Bord Pleanála Chairman and Members Superannuation Scheme 1986
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An Bord Pleanála Chairman and Members Spouses and Children’s Scheme 1986
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(2) Contributions
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Staff
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For class A PRSI contributors, contribution rates to the Main Scheme are 1.5% of full pay and 3.5% of net pay. An additional contribution of 1.5% of full pay is made to the Spouses and Children’s Scheme.
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For class D PRSI contributors, a contribution of 1.5% of full pay is made to the Spouses and Children’s Scheme only.
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Board Members
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All Board Members are Class A PRSI contributors. Contribution rates to the Main Scheme are 1.5% of full pay and 3.5% of net pay. An additional contribution of 2.5% of full pay is made to the Spouses and Children’s Scheme.
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(3) Latest Funding
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The Schemes are defined benefit final salary schemes. Retirement benefits are generally based on final pensionable salary and length of service. The Schemes are financed on a pay-as-you-go basis, that is, as part of current expenditure.
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(4) Changes Planned
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No.
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Dublin Docklands Development Authority
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(1) Name of Scheme
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Dublin Docklands Development Authority Superannuation Scheme 2000.
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Dublin Docklands Development Authority Spouses and Children's Pension Scheme, 2000.
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(2) Contributions
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Employer contribution - the schemes are unfunded.
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Employee contribution - 3% of pay and 2% of net pay.
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(3) Latest Funding
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The schemes are financed on a pay-as-you-go basis.
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(4) Changes Planned
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The Authority is winding up at the end of the year and the pension will be transferred to another appropriate State body.
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Environmental Protection Agency
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(1) Name of Scheme
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Environmental Protection Agency (Director-General and Directors) Superannuation Scheme 1996-2013.
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Environmental Protection Agency (Director-General and Directors) Spouses’ and Children’s Scheme 1996-2013.
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Environmental Protection Agency Staff Superannuation Scheme 2001-2013.
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Environmental Protection Agency Spouses’ and Children’s Contributory Pension Scheme 2001-2013.
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An Foras Forbartha Teo Superannuation Scheme 1975-1991 (AFF).
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(2) Contributions
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Director paying modified PRSI
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The Main Scheme (i.e. the Scheme that provides personal pension and lump sum benefits) is non-contributory. The Spouses’ and Children’s Pension Scheme is a contributory one. The rate of contribution is 2.5% of pay and 1.67% of final pay for each year of outstanding liability by way of deduction from final gratuity.
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Director paying full (Class A) PRSI
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The Main Scheme (i.e. the Scheme that provides personal pension and lump sum benefits) is contributory and the contribution is 3.5% of net pay plus 1.5% of gross pay. The Spouses’ and Children’s Pension Scheme is a contributory one. The rate of contribution is 2.5% of annual pay and 1.67% of final pay for each year of outstanding liability by way of deduction from final gratuity.
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Staff paying modified PRSI
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Staff currently paying modified rate PRSI are entitled to non-contributory membership of the Superannuation Scheme. Contributions of 1.5% of pay are also payable in respect of benefits under the Spouses’ and Children’s Contributory Pension Scheme.
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Staff paying full (Class A) PRSI
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Pensions (and Contributions) are co-ordinated with the Social Welfare Contributory Old Age Pension.
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Superannuation contributions are payable at the rate of: 1.5% of full pay plus 3.5% of net pay
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Contributions of 1.5% of full salary are also payable in respect of benefits under the Spouses’ and Children’s Contributory Pension Scheme.
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The EPA pays AFF pensioners on behalf of DECLG, with superannuation payments recouped from DECLG. The AFF scheme is closed.
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(3) Latest Funding
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The schemes are financed on a pay-as-you-go basis.
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(4) Changes Planned
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NO.
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Housing and Sustainable Communities Agency (HSCA)
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(1) Name of Scheme
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Approval currently being sought based on model scheme.
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(2) Contributions
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Employee contribution of 1.5% of pay in respect of retirement lump sum, 3.5% of net pay payable in respect of personal pension entitlement and 1.5% of pay payable in respect of spouses’ and children’s pension entitlement.
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(3) Latest Funding
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The scheme is financed on a pay-as-you-go basis.
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(4) Changes Planned
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No.
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Housing Finance Agency (HFA)
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(1) Name of Scheme
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Housing Finance Agency Pension Scheme.
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(2) Contributions
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Employees make a pension contribution of 10%, with 4% of this going into the HFA scheme. Employer’s contribution is 26% (2012 figures). This scheme is subject to “The Funding Standard” of the Irish Pensions Board.
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(3) Latest Funding
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The HFA scheme was fully funded at the last valuation on 30 September 2012.
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(4) Changes Planned
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No.
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Irish Water Safety (IWS)
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(1) Name of Scheme
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Local Government Superannuation Scheme
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(2) Contributions
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3% of gross pay plus 3.5% of net pay. All contributions are made by the employee.
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(3) Latest Funding
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The scheme is financed on a pay-as-you-go basis.
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(4) Changes Planned
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No.
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Local Government Management Agency (LGMA)
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(1) Name of Scheme
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Local Government (Superannuation) (Consolidation) Scheme, 1998 as amended by the Public Service Superannuation (Miscellaneous Provisions) Act 2004.
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(2) Contributions
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Modified PRSI Officers (Class D)
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Employees make a periodic contribution of 5% of their pay.
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Employees also contribute at the rate of 1.5% of their pay in respect of the Local Government (Spouses and Children’s Contributory Pension) Scheme.
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Full PRSI Officers (Class A)
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Employees make a periodic contribution of 1.5% of pay, plus 3.5% of net pay.
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Employees also contribute at the rate of 1.5% of their pay in respect of the Local Government (Spouses and Children’s Contributory Pension) Scheme.
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(3) Latest Funding
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The scheme is financed on a pay-as-you-go basis.
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(4) Changes Planned
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No.
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National Building Agency (NBA)
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(1) Name of Scheme
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National Building Agency Ltd. Superannuation Scheme
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(2) Contributions
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Employer contributions: 21.2% of pensionable salary; Employee contributions: 2% of PPC salary and 3% of pensionable salary. In addition employees contribute to a spouses and children’s pension fund at a rate of 1.5% of pay.
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(3) Latest Funding
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Based on the most recent assessment, the scheme’s assets exceed the scheme’s liabilities.
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(4) Changes Planned
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NBA is closed operationally. Decision to be taken re: pension situation before final formal abolition of NBA.
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Private Residential Tenancies Board (PRTB)
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(1) Name of Scheme
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Private Residential Tenancies Board Superannuation Scheme 2011.
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(2) Contributions
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No contribution is made by the PRTB. Employee contributions are as follows: 3.5% of net pay, and 1.5% of pay.
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(3) Latest Funding
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The scheme is financed on a pay-as-you-go basis.
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(4) Changes Planned
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No.
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Radiological Protection Institute of Ireland (RPII)
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(1) Name of Scheme
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Radiological Protection Institute of Ireland (RPII) Superannuation Scheme and Spouses and Children’s Scheme.
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(2) Contributions
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Class A – 1.5% of full pay and 3.5% of net pay plus additional 1.5% of full pay for Spouses’ and Children’s Scheme; Class D - 5% of full pay plus additional 1.5% of full pay for Spouses’ and Children’s Scheme. The RPII does not make a contribution.
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(3) Latest Funding
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The schemes are financed on a pay-as-you-go basis.
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(4) Changes Planned
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No.
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Western Development Commission (WDC)
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(1) Name of Scheme
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Western Development Commission Employee Superannuation Scheme 2006
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(2) Contributions
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Employees 3% of Gross pay +3.5% net pay. Employers don’t contribute.
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(3) Latest Funding
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The scheme is financed on a pay-as-you-go basis.
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(4) Changes Planned
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No.
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