Dáil Éireann Debate, Thursday - 21 February 2013
95. Deputy Michael McGrath asked the Minister for Finance his views on whether there should be equality of treatment for beneficiaries of the TSB bank pension scheme when compared with actions undertaken at other covered banks to address their pension scheme deficits; and if he will make a statement on the matter. [9520/13]
View answerAs the Deputy will be aware all the staff pension schemes within the Covered Institutions are separate entities set up under Trust and managed by Trustees and the individual circumstances and issues arising can vary widely between the institutions. The level of benefit payable under each scheme reflects the historical nature of the scheme and its funded position and is a matter for the Trustees to manage in consultation with the relevant employer.
