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Pension Provisions

Dáil Éireann Debate, Tuesday - 8 October 2013

Tuesday, 8 October 2013

Questions (186)

Michael McGrath

Question:

186. Deputy Michael McGrath asked the Minister for Finance if he has had any contact with Permanent TSB or employee representatives regarding the closure of the bank's defined benefit pension scheme; the current position on the issue; and if he will make a statement on the matter. [42409/13]

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Written answers

As I have outlined to the Deputy previously the pension arrangements of Permanent TSB employees are a matter for the management of that company and the Trustees of the relevant pension schemes. As the Deputy would appreciate my department is engaged in regular contact with Permanent TSB and the defined benefit pension schemes at that institution are one of many topics which have arisen in such discussions. I can also inform the Deputy that officials in my department recently met with a number of Trustees of one of Permanent TSB’s defined benefit pension schemes.

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