Written Answers. - Pension Provisions.Wednesday, 10 December 2003 |
Dáil Eireann Debate
Page of 216
|
15.
Mr. Cuffe
asked the
Minister for Finance
the anticipated cost savings to the State through his proposals on public sector pensions; and if he will make a statement on the matter.
[30071/03]
Minister for Finance (Mr. McCreevy):
In 2003, public service pensions are estimated to cost some €1,500 million or, 1.4% of GNP. By mid-century, this is projected to grow to some 2.5% of GNP. The package of public service pension reforms outlined in my Budget Statement to the House on 3 December 2003 is estimated to generate annual savings of €300 million, in current terms, in about 30-40 years time with some savings being realised earlier than this.
| Last Updated: 10/09/2010 02:14:46 |
Page of 216
|