Dáil Éireann Debate, Tuesday - 21 May 2024
207. Deputy Claire Kerrane asked the Minister for Transport if he will seek an increase for CIÉ retired pensioners who have had no pension increase since 2008; if he will engage to seek an increase for these workers; and if he will make a statement on the matter. [22960/24]
View answerAs the Deputy may be aware, the CIÉ Group is actively engaged in introducing changes to their pension schemes aimed at rectifying the significant deficit in order to meet the statutory Minimum Funding Standard (MFS) required by the Pensions Authority. The changes also aim to sustain the pension schemes into the long-term.
Concerning pension increases for CIÉ pensioners, I understand that an increase for pensioners would only be possible when the Schemes are capable of sustaining such increases. Furthermore, any such proposal would be dependent on the advice of the Scheme Actuary at the time an increase is proposed, and is done in agreement with the Trustees of the Schemes. Accordingly, I have forwarded the aspect of Deputy's question related to an increase in pension payments for members to CIÉ for direct reply. Please advise my private office if you do not receive a reply within ten working days.
