Clare Daly
Question:363. Deputy Clare Daly asked the Minister for Public Expenditure and Reform if a statutory instrument must be signed in order for a pension scheme to both enter and exit the public service transfer network. [3808/17]
View answerTuesday, 31 January 2017
Questions (363)
Written answers
The Public Sector Transfer Network was set up based on Section 4 of the Superannuation and Pensions Act, 1963. Section 1 (a) of this Act states, "The Minister may by regulations designate organisations as approved organisations for the purposes of this section." Accordingly for a public sector body to join the Network it must be listed in a Statutory Instrument. Since the Network was constituted over 200 bodies have joined and over 50 S.I.s have been signed. The 1963 Act is silent on provisions for organisations to leave the Network.