Tuesday, 17 July 2012

Questions (236)

Seán Ó Fearghaíl


241 Deputy Seán Ó Fearghaíl asked the Minister for Social Protection her views on the issues raised in correspondence (details supplied) regarding defined benefit pension schemes; and if she will make a statement on the matter. [35305/12]

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Written answers (Question to Minister for Social Protection)

The Government agreed to the drafting of legislation to provide for a change in the way the assets of a pension scheme are disbursed following wind-up of an under-funded scheme. This is a complex and sensitive issue that requires any proposed solution to achieve the desired level of equity for all scheme members.

Officials from my Department are currently undertaking a detailed examination of possible alternative options. Further technical expertise is also being sought and, following consultations with stakeholders, I will consider bringing forward proposals for inclusion in a forthcoming Social Welfare and Pensions Bill.

Question No. 242 answered with Question No. 54.