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Pension Provisions

Dáil Éireann Debate, Tuesday - 25 September 2012

Tuesday, 25 September 2012

Questions (512)

Joe Higgins

Question:

512. Deputy Joe Higgins asked the Minister for Transport; Tourism and Sport if he will amend Statutory Instrument No. 242 of1945 arising from the Section 44 of the Transport Act 1994 which governs the terms of the occupational pension scheme of the CIE group of companies particularly the specification that employees who if over 50 years may not enter the pension scheme. [40550/12]

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Written answers

The terms and conditions of the pension schemes for Córas Iompair Éireann (CIÉ) employees are a matter in the first instance for the Board of CIÉ.

I have been informed by CIÉ that the rules of the Córas Iompair Éireann Pension Scheme for Regular Wages Staff allow staff members to join the scheme before their 50th Birthday.  The benefits to be derived by members are calculated based on actual service as a percentage of potential service to 65 years of age. At present there are no proposals to allow staff over 50 years of age to join the scheme.

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