Joe Higgins
Question:279. Deputy Joe Higgins asked the Minister for Social Protection the number of defined benefit pension schemes currently in deficit and the amount. [18761/14]
View answerWednesday, 30 April 2014
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It is estimated that there are some €50 billion of assets in defined benefit pension schemes. At present 470 schemes are in deficit while some 380 schemes satisfy the requirements of the funding standard as set out in the Pensions Act.
The overall deficit in defined benefit pension schemes is estimated at €8.5bn. The majority of these schemes in deficit have put in place funding proposals to bring them back into a funded position.