The Pensions Authority publishes statistics for defined benefit schemes
Tuesday 8 June 2021: Today, the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from an analysis of the most recent Annual Actuarial Data Returns (AADRs) received for relevant schemes by 31 March this year.
Some of the findings include:
- The number of ‘continuing’ DB schemes subject to the funding standard was 558 as at 31 March, a decline of 2% since the previous year.
- Total assets were valued at €70.5 bn at the date of schemes’ last AADR.
- Funding standard liabilities totalled €61.0 bn excluding the funding standard reserve, and €64.2 bn including the funding standard reserve.
- 89% of continuing DB schemes satisfied the funding standard provided for in section 44(1) of the Pensions Act, 1990.
- 80% of continuing DB schemes held sufficient additional resources to satisfy the funding standard reserve provided for in section 44(2) of the Pensions Act, 1990.
The report is available in the Related File(s) area of this page.
For further information, contact:
The Pensions Authority
Tel: 01 613 1900
Note to Editors
The Pensions Authority is the statutory body which supervises compliance with the requirements of the Pensions Act, 1990, as amended, by trustees of occupational pension schemes and trust RACs, PRSA providers, registered administrators and employers. The Pensions Authority also provides guidance and information to these parties on their duties and responsibilities and advises the Minister for Social Protection on pension matters.