IRELAND - The Office of the Comptroller and Auditor General (C&AG) has placed out a tender for an actuary to conduct a wide ranging review of the Irish Public Service Pensions.
Speaking to Global Pensions, Malachy Quinn of the C&AG said pensions were very much in the news in the moment and the issue of value for money was felt to be an important one.
He said the review would look at various topics in the public pension sector but was unrelated to the Irish pension green paper, published in October last year.
The review will look at the current accrued pension liability, cash flow, the cost of providing pensions and the adequacy of the currently available information on the pension system.
The review will also examine whether the system could be better managed and where the potential for greater administrative efficiencies would be possible.
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