asked the Minister for Local Government if Dublin Corporation contribute to the superannuation fund provided for employees; if so, the amount of Dublin Corporation's contribution for each employee; if the moneys from this fund are invested; and, if so, where.
Ceisteanna—Questions. Oral Answers. - Pensions of Dublin Corporation Employees.
30.
Local authorities, including Dublin Corporation, do not maintain separate superannuation funds. Superannuation awards are met from the general revenue of the corporation into which the employees' contributions are paid. Employees' contributions are not sufficient to meet the full liability of the corporation for superannuation awards and the balance of the cost of such awards is therefore borne by the local authority.
Is there an answer to the third part of the question?
There could not be an answer to it since there is not any special fund.
The statement made by employees is that they pay 9/11 into a superannuation fund and that that is deducted from their pay.
The answer to the first part of the question is that no separate superannuation fund is maintained as such and that the contributions of employees are paid into the general revenue of the corporation.
It is regarded as revenue?
Yes.
And payment of superannuation is regarded as expenditure?
As ordinary outpayments, to which annually there must be an amount added from local taxation to supplement the amount paid in contributions by the employees.