Dáil Éireann Debate, Wednesday - 6 December 2023
88. Deputy Paul Murphy asked the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media if she will reverse her decision in relation to the Ministerial approval of RTÉ's request to transfer the administration costs of the superannuation scheme from RTÉ (scheme sponsor) to the pension fund; and if she will make a statement on the matter. [54052/23]
View answerMy Department received the following advices from NewERA in 2023 in relation to Pensions in RTÉ; firstly, a 2.5% increase in Pension payments back-dated to 1 January 2022 and secondly, a change to the Scheme regulations which would have the effect of transferring the annual operational costs of running the Scheme from RTÉ for discharge from the Scheme itself.
NewERA concluded that Ministerial consent should be provided for the Pension Increase Request and that there was now a basis, in their view, to agree to the Proposed Regulation Amendment given the improved funding levels of the Scheme and the updated plans for the de-risking of Scheme assets and settlement of Scheme liabilities.
My Department wrote to officials in the Department of Public Expenditure, NDP Delivery and Reform on this basis.
The Minister for Public Expenditure, NDP Delivery and Reform has approved the 2.5% increase to pensions, effective from 1 January 2022. HR has indicated that further consideration is required in relation to the proposal to amend the Regulations of the Scheme in relation to the annual operating costs before a decision on consent of the Minister for Public Expenditure, NDP Delivery and Reform can be made.
