asked the Minister for Transport and Power if he will state in respect of the conciliation grades pension fund of CIE (a) the number of pensioners in receipt of pension on 1st January, 1967, (b) the total weekly amount paid in pensions, (c) the various rates paid and the number in each category, (d) the weekly amount contributed to the fund (i) by the staff, and (ii) by the Board, (e) the total amount standing to the credit of the fund on 31st December, 1966, (f) how the assets of the fund are invested and annual income from these investments, (g) the average annual administration costs, and (h) when it is intended to introduce a pension scheme based on the recommendation of the commission set up by the Minister for Industry and Commerce.
Ceisteanna—Questions. Oral Answers. - CIE Pensions.
6.
I assume that the Deputy's question relates to CIE wages grade pensioners.
Regarding parts (a) to (g) of the question, with your permission, a Cheann Comhairle, I propose to circulate a tabular statement in the Official Report giving the information required by the Deputy as at the latest date available.
With regard to part (h) of the question concerning the introduction of a definitive pension scheme for CIE wages grade staff I understand that negotiations are proceeding between CIE and the trade unions concerned.
Following is the statement:—
|
(a) as at 1/2/1967 |
3,344. |
|
(b) as at 1/2/67 |
Weekly amount (Scheme) £5,300.*Weekly Amount (Ex-Gratia) £690. |
|
(c) as at 1/2/1967 |
88/6d. |
80/-d. |
78/6d. |
70/-d. |
68/6d. |
58/6d. |
60/-d. |
51/3d. |
33/6d. |
20/-d. |
|
179 |
21 |
92 |
8 |
115 |
95 |
10 |
169 |
5 |
1,715 |
|
|
Early Retirement Pensions from 88/6d. to 20/-d. |
||||||||||
|
899 |
||||||||||
|
Female Pensioners: |
||||||||||
|
33/-d. |
23/-d. |
20/-d. |
||||||||
|
5 |
3 |
28 |
||||||||
|
Y.E. |
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|
(d) (i) 31/12/1965 |
Total £178,860. |
Average per week £3,440. |
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|
Y.E. |
||||||||||
|
(ii) 31/12/1965 |
Total £401,936. |
Average per week £7,730. |
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|
Y.E. |
||||||||||
|
(e)31/12/1965 |
£4,583,559. |
(f)Fund invested in Trustee Stocks. Investment income year ended December, 1965= £209,594.
(g)Administration costs borne by Córas Iompair Éireann as an item of day-to-day expenditure. It is not possible to give an estimate of the costs of administration.
*Pensions include ex-gratia payments by the Board as follows:
Retirement prior to 1/4/1963.
|
MALES: Increase of 2/6d. per week subject to— |
Minimum pension of 20/-d. per week. |
|
Maximum pension of 51/3d. per week. |
FEMALES: Pensions increased to 20/- per week (Minimum).