Publication
Actuarial Review of Public Service Pension Liabilities
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
A public service data collection exercise is being undertaken by DPER. Data is required in respect of current employees and pensions in payment, as well as former employees with preserved pension entitlements, in the public service.
The purpose of this data gathering exercise is, in the first instance, for the actuarial review of the State’s accrued pension liability as at 31 December 2021. Under EU Regulation (EU) 549/2013, the CSO is required to report on the gross liabilities of Irish public service pension schemes as part of the National Accounts. Reporting is mandatory and commenced with a report on the end 2015 position. An updated report is required at three year intervals from that date.
This information is also being sought, in the second instance, for informing public service pay and pension policy.
Section 27 (1) of the Data Sharing and Governance Act 2019 provides that “a public service body or an agent of that body is required to provide information to the Minister for the purposes of - ….
- 1. …carrying out actuarial calculations in respect of public service pension schemes or public expenditure”.
- 1. ….Calculating the adjustment to the expenditure by a public service body consequent upon the implementation of a policy or a proposed policy of the Government;
- 2. Assessing the current and future staffing requirements of a public service body; and
- 3. Carrying out an analysis of the structure, functions, resources and service delivery methods of a public service body”.
In conducting this exercise, DPER will comply with the requirements of the EU General Data Protection Regulation (GDPR) and the Data Sharing and Governance Act 2019. An online privacy notice, accessible to all data subjects, can be read here.
