The Pensions Authority publishes statistics for defined benefit schemes

Tuesday 2 June 2020: 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 (ADDRs) 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 570, a decline of 2% since last year. 
• The total assets figure for these schemes was €65.3 bn. 
• Funding standard liabilities totalled €58 bn (excluding funding standard reserve liabilities). 
• 86% of continuing schemes were reported as meeting the funding standard provided for in section 44(1) of the Pensions Act, 1990. 
• 76% of schemes were reported to hold sufficient additional resources to satisfy the funding standard reserve provided for in section 44(2) of the Pensions Act, 1990.

 The report is available under Related Files below.

-Ends-

For further information, contact:

Technical Unit

The Pensions Authority

Tel: 01 613 1900

info@pensionsauthority.ie

Note to Editors

The Pensions Authority

The Pensions Authority is the statutory body established by the Pensions Act, 1990, as amended, 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 pension matters.  See www.pensionsauthority.ie