Insolvency Payments Scheme Payments

Dáil Éireann Debate, Tuesday - 25 November 2014

Tuesday, 25 November 2014

Questions (165)

Willie Penrose

Question:

165. Deputy Willie Penrose asked the Tánaiste and Minister for Social Protection further to Parliamentary Question No. 358 of 15 July 2014, the progress that has been made in amending the Protection of Employees (Employees Insolvency) Acts 1984 to 2006 to encompasses the definition of deemed insolvency in line with paragraph 4 of EU Directive 2008/94/EC, which would ensure employees have access to the insolvency payment scheme fund administered by her Department and which recognises the unfair position that currently prevails for such employees; and if she will make a statement on the matter. [45035/14]

Written answers

Tánaiste and Minister for Social Protection

My Department is continuing to review the position to establish what, if anything, can be done to progress payments to individuals in situations where employers cease trading without engaging in a formal winding-up process, and who owe moneys to their employees.

My officials are consulting with a range of interested parties including the Office of the Director of Corporate Enforcement, the Department of Jobs, Enterprise and Innovation and the Revenue Commissioners to establish what, if anything can be done to progress payments to individuals in these situations. To date my officials have had one formal meeting with the various parties mentioned above in connection with this issue and continue to engage with all relevant parties to try to progress the matter.

I am not in a position to indicate when this review will be completed.

Questions Nos. 166 and 167 withdrawn.