Dáil Éireann Debate, Tuesday - 16 May 2023
291. Deputy Michael Ring asked the Minister for Public Expenditure, National Development Plan Delivery and Reform if he has any plans to change or discontinue the additional superannuation contribution (ASC) for public servants; and if he will make a statement on the matter. [22964/23]
Amharc ar fhreagraThe Additional Superannuation Contribution (ASC) was introduced as part of the Public Service Stability Agreement and became a permanent contribution towards the cost of public service pensions with rates relating specifically to pension scheme membership and benefits arising. ASC was introduced under the Public Service Pay and Pensions Act 2017, with effect from 1 January 2019. ASC only applies to serving public service employees who have a public service pension entitlement and does not apply to pensioners. ASC forms a significant additional contribution from public servants towards the sustainability of public service pensions.
It is not intended to discontinue ASC. While the high level operation of ASC is monitored on an ongoing basis, there are no current plans to change the ASC policy as it currently operates.
