Dáil Éireann Debate, Tuesday - 17 December 2013
293. Deputy Finian McGrath asked the Minister for Social Protection the position regarding a deferred pension issue in respect of a person (details supplied) in Dublin 3; and if she will make a statement on the matter. [53742/13]
View answerThe Deputy will appreciate that it is not appropriate for me to comment on matters relating to an individual pension scheme.
The provision in the Social Welfare and Pensions (No. 2) Bill broadens the options available to the trustees of a pension scheme in the event of the restructure of scheme benefits. It essentially provides for the sharing of the risk of scheme underfunding across all scheme members. The issue of how these changes might be applied will be a matter for the trustees of the scheme who are required under trust law of act in the best interest of all scheme beneficiaries.
The supervision of the scheme under the Pensions Act is a matter for the Pensions Board. I understand the Board are in dialogue with the scheme trustees in relation to the funding position of this scheme.
