Dáil Éireann Debate, Tuesday - 15 June 2004
451 Ms Shortall asked the Minister for Transport, further to Question No. 77 of 14 May 2004, the precise measures he intends taking to safeguard existing pension entitlements for retired CIE staff in the event of the restructuring of CIE; and if he will make a statement on the matter. [17346/04]
View answerFuture pension arrangements are being considered as part of the detailed preparatory work on the restructuring of CIE. The objective of that work is that the current position in relation to pension entitlements and pension security should continue to obtain for the future.
My Department has retained Watson Wyatt and O'Donnell Sweeney pension consultants to examine in detail the issues surrounding the CIE pensions schemes. This study will assist my Department in formulating detailed technical proposals to ensure the continuity of the CIE pension arrangements and the maintenance of existing benefits and conditions.
