Wednesday, 10 February 2021

Questions (271)

Cormac Devlin

Question:

271. Deputy Cormac Devlin asked the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media when a decision will be made on the recommendation for a 2% increase in pensions payments in a scheme (details supplied) given the scheme appears to be in a position to fund the increase; and if she will make a statement on the matter. [7111/21]

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Written answers (Question to Tourism)

As Minister for Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, I have responsibility for the governance of RTÉ to ensure the company is fully compliant with the Code of Practice for the Governance of State bodies and the governance functions included in the legislative and regulatory framework for broadcasting.

The RTÉ Superannuation Scheme is a funded, contributory defined benefit scheme, established under legislation and sponsored by RTÉ. The scheme is managed by a board of trustees who have responsibility for overseeing the schemes’ operations, including the investment of the schemes’ assets.

In December 2020, the proposal for a 2% pension increase was submitted to my Department seeking my approval, as required under the governing legislation. In addition, Section 85 of the RTÉ Superannuation Scheme provides for authorisation of increases, from time to time, and this is for determination by the Minister for Public Expenditure and Reform.

The matter is currently under review, in consultation with the Department of Public Expenditure and Reform and a decision will be made on the matter when those consultations have concluded.