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Pension Provisions

Dáil Éireann Debate, Wednesday - 2 June 2010

Wednesday, 2 June 2010

Ceisteanna (88)

Paul Connaughton

Ceist:

97 Deputy Paul Connaughton asked the Minister for Health and Children if persons employed by the Irish Blood Transfusion Service who have paid into their pension and who have been assured that they are members of the public service will be entitled to their private pension and to the State retirement contributory or old age pension; and if she will make a statement on the matter. [23746/10]

Amharc ar fhreagra

Freagraí scríofa

The Irish Blood Transfusion Service is a statutory body under the aegis of my Department. A contributory funded pension scheme, sponsored by the employer, was set up for employees in 1963. The Irish Blood Transfusion Service is a public service body as defined in the Financial Emergency Measures in the Public Interest Act, 2009 and consequently its employees are public servants for the purposes of the deduction from remuneration under that Act. The Scheme provides for payment on retirement at age 65 of a lump sum equal to 3/80th final salary multiplied by years of service and a pension for life equal to 1/80th final salary multiplied by years of service. Under the terms of the scheme the occupational pension is not subject to integration and therefore is payable in addition to any entitlements to the State Pension (Contributory).

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