Dáil Éireann Debate, Thursday - 24 November 2016
164. Deputy Michael McGrath asked the Minister for Public Expenditure and Reform the cost of public service pensions in payment for each year from 2010 to 2016 to date; the estimated projected cost for each year from 2016 to 2030; and if he will make a statement on the matter. [36749/16]
View answerDetails of the annual cast cost of public service pensions in each of the years 2010 to 2017 are presented in the following table. Pension cost information (and information on pay and headcount) for past years is publicly available on my Department's website http://databank.per.gov.ie/. The 2016 and 2017 Estimates provided in the table are as published in the Revised Estimates Volume 2016 and the Expenditure Report 2017, respectively. My Department does not have forecasts for the annual cash cost of public service pensions beyond 2017, but is currently working on updating the actuarial estimate of the accrued liability for Public Service pensions, which at end December 2012 was costed at €98 billion. Further information on the Public Service pensions accrued liability can be found at http://www.per.gov.ie/en/public-service-pensions-accrued-liability.
PUBLIC SERVICE PENSIONS 2010 - 2017
|
2010 |
2011 |
2012 |
2013 |
|
|
COST (€000) |
2,731,226 |
2,870,910 |
3,122,133 |
2,760,404 |
|
2014 |
2015 |
2016 (estimate) |
2017 (estimate) |
|
|
COST (€000) |
2,978,175 |
2,908,964 |
2,929,410 |
3,037,219 |
