I propose to take Questions Nos. 95, 96, 98, 101 to 106, inclusive, 108, 119, 120, 144, 145, 162 and 164 together.
As Minister for Transport, I have responsibility for policy and overall funding in relation to public transport in Ireland.
The CIÉ Group has two pension schemes, namely the Regular Wages Scheme (“RWS”) and 1951 superannuation scheme (“1951 Scheme”) and issues in relation to CIÉ pension schemes are primarily a matter for the trustees of the schemes, the CIÉ Group and their employees. Officials from my Department have regular engagement with CIÉ on matters relating to the corporate governance of the Group, including matters relating to the pension schemes.
Concerning the 1951 pension scheme, it is my understanding that this scheme does not currently meet the Minimum Funding Standard required by the Pensions Authority; and that members of the scheme were recently balloted regarding the Labour Court proposals which emerged on 23rd November 2020, with a majority of the members voting to accept the proposals.
I have therefore referred the Deputies questions to CIÉ for direct reply. Please advise my private office if you do not receive a response within ten working days.