The staff of the University of Limerick subsidiary has been added to the pension scheme at a cost of € 1.2 million.



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A SPECIAL report on the treatment of finance at the University of Limerick revealed that the University had added two employees of a subsidiary to the University Pension Plan with additional benefits at a cost of € 1.2m.

The Comptroller and Auditor General's report released on Tuesday also revealed that the discretionary award of years of professional services cost the Exchequer about 1.27 million euros.

The report also revealed that UL "misconstrued the circumstances surrounding the redundancy agreements and repeatedly" concealed relevant and important information "from the Comptroller and Auditor General (C & AG), the public accounts committee of Dáil, the Ministry of Education and Skills and its own functions. Legal team.

According to the report, two executives of the Plbadey Campus Center (PCC), who were not employees of the University, paid the contributions of their employees and their employer, for a total amount of 708,000 euros, transferred from the PCC pension fund at the University.

PCC, operating as Campus Life Services, is responsible for the development of student housing, sports facilities and conferences through its subsidiaries, including Plbadey Campus Arena Ltd and University Concert Hall Limited.

According to the report, this put an end to "any right of the two senior leaders to any subsequent payment by the PCC pension fund".

One of the two executives retired at the end of September 2014 and is currently receiving benefits of just under € 745,000 more than what was transferred to the university. reveals the report.

The PAC immediately re-engaged this Executive, on a part-time, one-day-a-week contract, set up by UL's Chief Financial Officer and paid for by UL.

The report also notes that the amount paid under this contract exceeds the contract amount by more than € 43,000.

The employee earned more than € 13,600 from his pre-retirement salary through this contract and the pension received from the university, also found the C & AG.

The second officer, who has not yet retired, will receive up to 424,000 euros in addition to the amount transferred, depending on the timing of retirement.

The report recommends that the university review all subsidiaries to ensure that contractual arrangements are in place, including pensions.

The report also states that the discretionary allocation of 324 years of additional professional services, between 2012 and 2016, to retirees of UL employees cost at the financial level about 1.27 million. 39; euros.

This is in addition to the additional 400,000 euros to pay increased annual pensions to these retirees.

According to the report, 18% of the scholarships were awarded to non-university staff and managers, and 89% of applications were selected.

During the same period at Dublin City University, the other Irish university offering a comparable program, less than 100 years were added to the only teaching staff.

While a previous C & AG report was being drafted, UL "downgraded" a start-up agreement at the end of 2015, supposed to be a document signed four years ago, the report also said.

This backdated agreement was signed by the University's Director of Human Resources at the time, and the University's Human Resources Officer at that time, who reported directly to the Director of Human Resources.

"The retrospective agreement was given to the review team in October 2015, with a copy on behalf of the University's chief financial officer, which is supposed to be a document signed four years ago," the report says.

The report also states that "the timing of the termination of employment and the contractual agreements suggest that they may have been designed to circumvent certain effects of the 2009 FEMPI Act."

"For the avoidance of doubt, this report makes no criticism or comment and does not express any view, explicit or implicit, with regard to the staff members concerned and should not be understood as such," states the report. .

In a statement released in the report, Dr. Des Fitzgerald, President of UL, said, "Since taking office in May 2017, I have put in place a new management structure, including the appointment of a director of operations and the registrar, to whom the human resources and the finances were entrusted. report."

"The new portfolio is being restructured, particularly with respect to human resources and finances."

"In addition, the subsidiaries have been restructured. The supervisory authority has also been amended, resulting in fewer members and a tighter committee structure. "

"Finally, the University of Limerick is committed and has already implemented many of the recommendations of the Thorn and Deloitte reports and reports regularly to the supervisory authority and the Ministry of Finance. authority of higher education. "

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