Dáil Éireann Debate, Wednesday - 11 December 2013
47. Deputy Michael McGrath asked the Minister for Finance the current status of the Permanent TSB defined benefit pension scheme; the annual cost savings associated with changing the scheme from defined benefit to defined contribution; the number of staff impacted by the change; and if he will make a statement on the matter. [53327/13]
View answerI have been informed by Permanent TSB that its three defined benefit pension schemes are currently being wound up by the Trustees to each scheme. The wind up of the schemes impacts c 3,800 members of the schemes, of which c 1,400 are current employees. Detailed information on the schemes is included in Note 20 of the 2013 interim report and Note 30 of the 2012 annual report, both of which are available on the company's website at http://www.permanenttsbgroup.ie/investor-relations.aspx.
