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Pension Provisions

Dáil Éireann Debate, Tuesday - 8 April 2014

Tuesday, 8 April 2014

Questions (278)

Anthony Lawlor

Question:

278. Deputy Anthony Lawlor asked the Minister for Social Protection if the definition of a member under the occupational pensions schemes (Member Participation in the Selection of Persons for Appointment As Trustees) (No. 3), 1996 (SI number 376 of 1996) can be amended to include deferred members, particularly as deferred members make up a large percentage of members in all pensions schemes taking into consideration the fluid nature of the workplace now compared to when the legislation was drafted; and if she will make a statement on the matter. [15976/14]

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Written answers

There are no plans at the moment to amend the definition of a member under the occupational pensions schemes (Member Participation in the Selection of Persons for Appointment As Trustees) (No. 3), 1996 (SI number 376 of 1996) to include deferred members. While the point made has been noted, it is important to recognise that all trustees, no matter how appointed, have an obligation to act in the interests of all members and not as representatives or advocates for a particular subset.

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