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Pension Provisions

Dáil Éireann Debate, Tuesday - 12 June 2018

Tuesday, 12 June 2018

Questions (1255, 1256, 1257)

John Lahart

Question:

1255. Deputy John Lahart asked the Minister for Employment Affairs and Social Protection the efforts are being made to address issues in relation to a pension scheme (details supplied); and if she will make a statement on the matter. [25420/18]

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John Lahart

Question:

1256. Deputy John Lahart asked the Minister for Employment Affairs and Social Protection her plans to meet the trustees of a pension scheme (details supplied) to discuss ongoing issues in relation to the scheme; and if she will make a statement on the matter. [25421/18]

View answer

John Lahart

Question:

1257. Deputy John Lahart asked the Minister for Employment Affairs and Social Protection her plans to secure the pensions of members of a pension scheme (details supplied); and if she will make a statement on the matter. [25422/18]

View answer

Written answers

I propose to take Questions Nos. 1255 to 1257, inclusive, together.

It is the responsibility of the employer to pay pension contributions on behalf of his/her employees to Pension Trustees. In the event that a company becomes insolvent and a liquidator or receiver is appointed over the company, claims for certain arrears of pension contributions can be submitted by the liquidator or receiver for payment under the Insolvency Payments Scheme.

The Insolvency Payments Scheme operates under the Protection of Employees (Employers’ Insolvency) Act 1984, as amended. The purpose of the insolvency payments scheme is to protect certain outstanding pay-related entitlements due to employees in the event of the insolvency of their employer. These include wages, holiday pay, sick pay, payment in lieu of minimum notice and certain pension contributions.

All such claims are subject to the conditions and limits laid out in the Protection of Employees (Employer’s Insolvency) Act, 1984 as amended.

Defined pension claims have been received in respect of some former employees of the company referred to by the Deputy. There are complex legal issues involved on which the Department is seeking legal advice. The matter is being kept under continuing review.

I hope this clarifies the matter for the Deputy.

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