Dáil Éireann Debate, Thursday - 6 February 2014
80. Deputy Brendan Smith asked the Minister for Public Expenditure and Reform when it is proposed to carry out actuarial estimates for the cost of public sector pensions; if it is proposed to carry out such estimates on a regular basis; and if he will make a statement on the matter. [6116/14]
View answerMy Department considers that the regular preparation and publication of actuarial assessments of public service pension provision is an important part of policy formation. The most recent C&AG actuarial exercise on the cost of public sector occupational pensions showed the accrued liability to have been €116bn as of December 2009. Work has now commenced in my Department on updating this figure. This will estimate the position as of December 2012. The exercise will take into account the relevant changes in public service pay and pensions in recent years. It is intended to have an updated estimate of the accrued liability figure early this year.
