Ceisteanna—Questions. Oral Answers. - CIE Pensions. – Dáil Éireann (19th Dáil) – Thursday, 25 Feb 1971

Mr. Bruton

asked the Minister for Transport and Power the amount at present in the CIE pension fund; the amount payable to pensioners who retired from 1966 onwards; and if he will investigate the possibility of increasing this amount.

Mr. B. Lenihan

The amount standing to the credit of the funds of the wages grade pension schemes at 31st December, 1969, was £6,542,193. The liabilities of the funds at that date were over £14 million.

I have had discussions with CIE pensioners associations about the position of certain pensioners who retired since 23rd February, 1968. I am not yet in a position to be able to make a statement in the matter but I hope to be able to do so at an early date.

The information about the amount payable to pensioners who retired from 1966 onwards is in the form of a tabular statement which, with your permission, a Cheann Comhairle, I propose to circulate with the Official Report.

Following is the statement:

CIE Regular Wages Staff Superannuation Scheme

Basic Weekly Wage	Weekly Pension
Alternative Rates
For Life	For 5 years age 65 to 70	Thereafter for Life
1	2	3	4
(i) Not exceeding £9.75	£2.50	£2.92½	£2.17½
(ii) Exceeding £9.75 and not exceeding £10.75	£3.00	£3.42½	£2.67½
(iii) Exceeding £10.75 and not exceeding £11.75	£3.50	£3.92½	£3.17½
(iv) Exceeding £11.75	£4.00	£4.42½	£3.67½
(v) Exceeding £14.75 and not exceeding £15.75	£4.50	£4.92½	£4.17½
(vi) Exceeding £15.75	£5.00	£5.42½	£4.67½

NOTE: Pensioners are also eligible for unemployment benefit or old age pension. Thus incomes of pensioners range from £7.00 to £9.50 a week in the case of a single man and from £10.12½ to £12.62½ a week for a married man.

Dáil Éireann díospóireacht -
Thursday, 25 Feb 1971