Dáil Éireann Debate, Tuesday - 9 June 2015
468. Deputy Mick Wallace asked the Minister for Agriculture, Food and the Marine if he will provide details of the pension deficit in the Irish Greyhound Board; and if he will make a statement on the matter. [21966/15]
Amharc ar fhreagraBord na gCon operate both a Defined Contribution (PRSA) and a Defined Benefits Scheme. In the 2013 audited annual report and accounts of Bord na gCon the Net Pension Liability is €6.839 million.
Bord na gCon has informed me that the 2014 annual report and accounts are due for Board approval and sign off by the Comptroller & Auditor General by June 30th 2015.
Bord na gCon accepts the conclusion in the Indecon Report that the defined pension scheme is not sustainable in its current format. The resolution of this matter is a priority for Bord na gCon and I am expecting a submission from the Board in the near future on proposals towards addressing the deficit within the scheme.
