The Pensions Authority publishes statistics for defined benefit schemes

Wednesday 6 June 2018: Today the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from analysis of Annual Actuarial Data Returns (AADRs) received to 31 March this year.

Some of the findings from the data include:

  • The number of continuing DB schemes subject to the funding standard is 611, a decline of 3% since last year.
  • The reported assets figure for these schemes was €64.1 bn.
  • The scheme liabilities as measured under the funding standard totalled €59 bn.
  • 79.4% of schemes were reported as meeting the funding standard, an increase from 70.4% last year.

-Ends-

For further information, contact:

Technical Unit

The Pensions Authority

Tel: 01 613 1900

info@pensionsauthority.ie

For media related enquiries, contact:

media@pensionsauthority.ie

Note to Editors

The Pensions Authority

The Pensions Authority (the “Authority”) is the statutory body established by the Pensions Act 1990 (the “Act”) to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Employment Affairs and Social Protection on overall pension policy development. See www.pensionsauthority.ie