asked the Minister for Transport and Power if the pensions of retired CIE executives have been increased since 1959; if so, by how much; and the percentage of the pension contributed by the State.
Ceisteanna—Questions. Oral Answers. - Pensions of CIE Executives.
8.
With your permission, a Cheann Comhairle, I propose to circulate a tabular statement with the Official Report giving the information required by the Deputy in relation to pensions of CIE executives.
Following is the statement:—
Retired CIE executive staffs are members of the following pension schemes—
(i) the CIE Salaried Officers' and Clerks' (GSR) Superannuation Scheme;
(ii) the CIE Superannuation Scheme 1951;
(iii) the Railway Clearing System Superannuation Scheme, or
(iv) the DUTC Group Life Scheme.
Their pensions have been increased on an ex gratia basis since 1959 as follows:—
(a) Increase granted on 1st August, 1960—pensioners who retired—
(1) Prior to 31/7/47—increase of £25 on pensions of up to £495 per annum.
(2) Between 1/8/47 and 31/10/52 —increase of £25 per annum subject to maximum pension of £520 per annum.
(3) Between 1/11/52 and 30/11/55 —increase of 5 per cent subject to pensioners receiving the excess (if any) between their pension plus 5 per cent and the pension they would have received had they retired prior to 1/11/52 and been granted the increase of £25 per annum referred to at (2) above, and subject to a maximum pension of £520 per annum.
(b) Increase granted on 1st April, 1963—pensioners who retired—
(1) Prior to 1/12/55—increase of 10 per cent subject to a minimum increase of £20 per annum and a maximum pension of £572 per annum.
(2) Between 1/12/55 and 31/1/60 —increase of 6 per cent subject to a minimum increase of £20 per annum and a maximum pension of £572 per annum.
(c) Increase granted on 1st February, 1964—pensioners who retired—
(1) Prior to 1/12/55—increase of 10 per cent.
(2) Between 1/12/55 and 31/1/61 —increase of 6 per cent.
(3) Between 1/2/60 and 31/7/61 —increase of 5 per cent.
These increases were subject to a minimum increase of £20 per annum and a maximum pension of £600 per annum.
The State does not make direct contribution to the cost of CIE pensions.