Dáil Éireann Debate, Thursday - 18 July 2013
645. Deputy Michael McGrath asked the Minister for Children and Youth Affairs in respect of each State agency and commercial State company under the aegis of her Department, if she 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 [36367/13]
View answerI would like to inform the Deputy there are four agencies which are funded by the Exchequer through my Department's Vote. These are the Adoption Authority of Ireland ; the Family Support Agency; the National Educational Welfare Board and the Ombudsman for Children's Office.
Employees of the Adoption Authority of Ireland, the National Educational Welfare Board and the Family Support Agency are all public servants and all operate under the Public Service Model Employee Superannuation Scheme at present. This scheme provides for employee contributions as follows:
|
SCHEME |
% |
|
Modified PRSI |
5% of full remuneration for main scheme benefits PLUS 1.5% of full remuneration towards the Spouses and Children's Scheme |
|
Full PRSI |
1.5% of full remuneration PLUS 3.5% of net remuneration for main scheme benefits PLUS 1.5% of full remuneration towards the Spouses and Children's Scheme |
Employees of the Office of the Ombudsman for Children are civil servants and are members of the relevant Civil Service Superannuation Schemes. Contribution rates under these schemes are as follows:
|
SCHEME |
% |
|
Modified PRSI |
Nil contribution rate for main scheme benefits. 1.5% of full remuneration towards the Spouses and Children's Scheme |
|
Full PRSI |
1.5% of full remuneration PLUS 3.5% of net remuneration for main scheme benefits PLUS 1.5% of full remuneration towards the Spouses and Children's Scheme |
From January 2013, all newly appointed civil and public servants are members of the Single Public Service Pension Scheme which provides for pension contributions of 3.0% of pensionable remuneration PLUS 3.5% of net pensionable remuneration.
Full remuneration relates to basic pay plus pensionable allowances. Net remuneration relates to basic pay plus pensionable allowances less twice the maximum rate of State Contributory Pension payable to a single person. All schemes are defined benefit pay-as-you-go schemes and as such have no direct employer contribution as benefits are not affected by investment returns. I am not aware of any proposed changes to these schemes.
