Dáil Éireann Debate, Tuesday - 24 June 2014
143. Deputy Michael McGrath asked the Minister for Finance the current status of Permanent TSB’s defined benefit pension scheme; his plans to deal with the deficit in the scheme; and if he will make a statement on the matter. [26844/14]
Amharc ar fhreagraI have been advised by Permanent TSB that contributions to the Defined Benefit pension schemes have been discontinued. Following the discontinuance of the contributions the Trustees of the Defined Benefit Schemes proceeded to wind up the Schemes and the trustees are currently arranging for the assets of the schemes to be allocated among the pensioners, deferred employees and current employees. This process is still ongoing and details of benefits provided are not available.
Permanent TSB have advised that they have no further legal liability to the Defined Benefit Schemes. Further detailed information on the Permenant TSB pension schemes can be found on page 111 of 2013 Annual Report which is available on the bank's website.
