Dáil Éireann Debate, Wednesday - 20 September 2023
55. Deputy Carol Nolan asked the Minister for the Environment, Climate and Communications if he is aware of the €1.2 billion relating to pensions that is included in the 2022 Annual Report of An Post as an experience adjustment without any explanation provided; if he is further aware of the material impact of this extraordinary figure on the company's pension fund and on the profits of the company; and if he will make a statement on the matter. [40461/23]
View answerThere were a number of exceptional items related to pensions, primarily arising from a Labour Court decision, which impacted the annual accounts for An Post in 2022. I am satisfied that these items were appropriately accounted for and the subject of audit. They were further analysed by NewERA prior to the submission of the report and accounts to me.
However, as matters relating to pensions in An Post are a direct operational matter for the company and not one in which I, as Minister, have a function, I have asked An Post to reply to the Deputy directly on the specifics of this matter.
