Dáil Éireann Debate, Thursday - 28 February 2013
88. Deputy Olivia Mitchell asked the Minister for Finance if he will clarify the situation surrounding the pensions of the former Irish Bank Resolution Corporation employees and the extent to which the fund is impacted, and if any clarity can be given to employees at this stage; and if he will make a statement on the matter. [10867/13]
View answerI am advised by the Special Liquidators that they will pay pension contributions that were due in respect of January and February and that all on-going contributions will be paid in line with the contribution rates pre-liquidation. I am further advised that the vast majority of IBRC staff (>98%) were members of defined contribution schemes (or no pension scheme) as opposed to a defined benefit schemes. The Special Liquidators have advised staff that their pensions are controlled by the scheme trustees who will have to independently assess the impact of the IBRC Act 2013 and the appointment of the Special Liquidators.
