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Pension Provisions

Dáil Éireann Debate, Wednesday - 16 June 2021

Wednesday, 16 June 2021

Questions (166)

Bríd Smith

Question:

166. Deputy Bríd Smith asked the Minister for Social Protection if her attention has been drawn to changes made to the selection process for members of the ESB pension scheme board of trustees and specifically that this new process now acts to exclude retired staff members who are active members of their own representative associations; if such an attempt to exclude potential trustees is in line with current legislation; if she will request the Pensions Authority to investigate this process; and if she will make a statement on the matter. [32217/21]

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Written answers

The Deputy will appreciate that I am unable to comment or intervene on issues relating to a particular pension scheme. Issues in relation to the ESB pension scheme are primarily a matter for the trustees of the scheme and the ESB Group. Matters directly related to the ESB Group come under the remit of the Minister for Environment, Climate and Communications.

The Pensions Authority is the regulatory body charged with the supervision of pension schemes in Ireland and has the necessary powers under statute to investigate the conduct of a pension scheme should it become aware that a scheme is not in compliance with the provisions of the Pensions Act.

Where a pension scheme member is of the view that scheme is not in compliance with legislative requirements it is open to that member to make a formal complaint to the Pensions Authority.

I trust this clarifies matters for the Deputy.

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