Dáil Éireann Debate, Thursday - 25 January 2024
167. Deputy Mark Ward asked the Minister for the Environment, Climate and Communications if he has received contact from ESB pensions in relation to seeking consent for payment of a pension increase; when there will be a decision on this; and if he will make a statement on the matter. [3514/24]
View answerMy Department in conjunction with the Department of Public Expenditure, NDP Delivery and Reform are working to ensure that all pension increase requests will be processed in a timely manner to ensure that there are minimal delays to the members of such pension schemes. I have consented to the 4% increase and once the Minister for Public Expenditure NDP Delivery and Reform has consented to the 4% increase, the ESB Pension Scheme Trustees will be able to apply the increase.
Circular 16/2021 relating to the Code of Practice for the Governance of State Bodies Amendments to the Annex on Remuneration and Superannuation came into effect on 30th July 2021. It applies to all Commercial Semi-State Bodies and requires prior approval by the Minister for Public Expenditure and Reform with regard to : severance scheme proposals; amendments to pension scheme required under legislation or scheme rules; and any changes to pension scheme benefits, such as pension increases where Ministerial or Departmental consent is required
