andMr. McQuillan asked the Minister for Transport and Power if he will state in respect of the CIE Wage Grade Pension Scheme (a) the number of employees concerned; (b) the number of pensioners and the weekly amounts paid; (c) the average payment made; (d) the number of pensioners in each of the various categories; (e) the annual income from (i) employees' and (ii) the Board's contributions respectively in each of the years from 1958 to the most recent date for which figures are available; (f) the percentage increase in annual contributions from the employees and from the Board in 1962 as compared with 1955; (g) the sum now standing to the credit of the scheme, and how the money is invested; and (h) whether the employees as contributors are given direct representation in the administration of the scheme.
Ceisteanna—Questions. Oral Answers. - CIE Wage Grade Pension Scheme.
With the permission of the Ceann Comhairle, I propose to circulate a tabular statement with the Official Report giving the information required by the Deputies.
Following is the statement:
CIE Wage Grade Pension Scheme
|
Question |
Answer |
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|
(a)the number of employees concerned. |
12,119 |
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|
(b)The number of pensioners and the weekly amount paid. |
No.—2,925 |
Amount—£4,132 |
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|
(c)the average payment made. |
£4,132÷2,925=28/3d. per week |
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|
(d)the number of pensioners in each of the various categories |
10/- |
12/- |
13/- |
18/- |
20/- |
33/6 |
51/3 |
|
|
— |
1,040 |
— |
— |
327 |
7 |
954 |
Males |
|
|
10 |
— |
6 |
15 |
— |
— |
— |
Females |
|
|
Ill-health Pensioners—There are 566 with pensions ranging from 5/- to 51/3 per week. |
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|
(e)the annual income from(i) employees' and(ii) the Board's contributions, respectively, in each of the years from 1958 to the most recent date for which figures are available. |
Year |
Employees' |
Board's |
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|
£ |
£ |
|||||||
|
1958 |
155,025 (i) |
250,000 |
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|
1959 |
118,079 (i) |
200,000 |
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|
1960 |
71,270 |
200,000 |
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|
1961 |
64,170 |
200,000 |
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|
1962 |
83,666 |
200,000 |
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|
(f)the percentage increase in annual contributions from the employees and the Board in 1962, as compared with 1955 |
1955 |
1962 |
Increase |
|||||
|
£ |
£ |
% |
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|
Employees Board's |
24,606 |
83,666 |
240 (ii) |
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|
180,000 |
200,000 |
11.11 |
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|
(g)the sum now standing to the credit of the Scheme, and how the money is invested. |
£3,428,994. All in Irish Trustee Stock. |
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|
(h)whether the employees, as contributors, are given direct representation in the administration |
No. |
NOTES:(i)These years include arrears of contributions back to April, 1956, resulting from the amendment of the Scheme in November, 1957.
(ii)The contribution rate for employees was increased from 1/- weekly to 3/- weekly as from 1st April, 1956.