Dáil Éireann Debate, Wednesday - 18 September 2013
1152. Deputy Sean Fleming asked the Minister for Agriculture, Food and the Marine his views on the deficit in the Coillte pension scheme; if he understands this scheme to be a defined contribution scheme or the defined benefit scheme; and if he will make a statement on the matter. [37442/13]
View answerCoillte Teoranta was established as a private commercial company under the Forestry Act, 1988. The types of pension schemes currently operated by Coillte and their respective deficits/surpluses are as stated in the Company’s Annual Report 2012, copies of which were laid before the Houses of the Oireachtas at the end of July 2013. As the defined benefit Coillte Teoranta No. 1 Fund Superannuation Scheme is currently the subject of legal action, it is not appropriate for me to comment further on this matter at this stage.
