Dáil Éireann Debate, Wednesday - 16 November 2016
121. Deputy Jim O'Callaghan asked the Minister for Education and Skills the proposal and plans with regard to the IMI defined benefit pension scheme in the proposed merger of the Irish Management Institute (IMI) and University College Cork (UCC) if the entitlements of all of the members of the pension scheme have been secured; if it is ensured that they will receive their entitlements; and if the deficit in the pension fund has been met. [35400/16]
View answerThe IMI is a private institute and the proposed merger between IMI and UCC is in the first instance a matter for the governing body of UCC although approval of the HEA may be required. My officials are awaiting full details of the proposed merger from the HEA.
The pension liabilities of IMI remain the responsibility of IMI and will not become a liability of UCC or the State. It is a matter for the Trustees of the IMI pension scheme, which is a private pension scheme, to make appropriate provision for its members.
