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Pensions Data

Dáil Éireann Debate, Wednesday - 28 April 2021

Wednesday, 28 April 2021

Questions (306)

Dara Calleary

Question:

306. Deputy Dara Calleary asked the Minister for Public Expenditure and Reform the amount paid by the State in 2018, 2019 and 2020 to financial companies involved in managing State pension funds in tabular form; and if he will make a statement on the matter. [21392/21]

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Written answers

I and my Department are responsible for the civil service pension schemes, which cover staff in established and unestablished civil service positions and State Industrial posts It would be a matter for those sectoral authorities, including relevant Ministers, to supply such information as may be available in respect of the wider public service.

With respect to the civil service pension schemes, these are funded on a “pay as you go” (PAYG) basis though Vote 12 ( Superannuation and Retired Allowances) with the annual costs of pension being met in the relevant year of payment. Since there are no pension funds for these schemes, no payments to financial companies arise.  

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