Dáil Éireann Debate, Tuesday - 15 June 2021
242. Deputy Neasa Hourigan asked the Minister for Transport his plans to bridge the funding gaps between two CIÉ group pension schemes, the regular wages scheme and the salaried employees or 1951 scheme; and if he will make a statement on the matter. [30905/21]
View answerAs 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.
In relation to the RWS, CIÉ has prepared and submitted draft Statutory Instruments (SIs) to give effect to the proposed changes to the scheme, and these drafts are now being considered by my Department.
Concerning the 1951 pension scheme, members of the scheme were recently balloted regarding the Labour Court Recommendation which emerged on 23rd November 2020, with a majority of the members voting to accept the proposals. CIÉ have recently written to me advising that they will begin the process of amending the Statutory Instruments to implement the Labour Court Recommendation. I understand that CIÉ has also advised the Pensions Authority and the ‘1951’ Pension Scheme Trustees and Committee of this development.
In the light of the above, I have referred the Deputy's question to CIÉ for direct reply. Please advise my private office if you do not receive a response within ten working days.
