Defined Benefit Pension Schemes

Dáil Éireann Debate, Tuesday - 14 June 2016

Tuesday, 14 June 2016

Questions (173)

Clare Daly

Question:

173. Deputy Clare Daly asked the Minister for Finance if he is concerned that the administration, consultancy and actuarial services to the Central Remedial Clinic pension plan were all provided by the same organisation (details supplied) and that this organisation also owned the trustee of the plan, given the abrupt wind-up of a plan that the actuary had said in 2014 was on track to meet the minimum funding standard by 31 December 2017; and if he will make a statement on the matter. [15967/16]

Written answers

Minister for Finance

The governance and regulation of funded pension schemes are a matter for my colleague, the Minister for Social Protection, Deputy Leo Varadkar. The specific issues raised in relation to the administration, consultancy and actuarial services to the Central Remedial Clinic Plan may be more appropriate for my colleague, the Minister for Health, Deputy Simon Harris, given that the Central Remedial Clinic (CRC) is funded by the Health Service Executive under Section 38 of the Health Act 2004. I have no role in relation to the CRC.