Dáil Éireann Debate, Tuesday - 24 February 2015
197. Deputy Michael McGrath asked the Tánaiste and Minister for Social Protection the position regarding compensation payment to former staff of a company (details supplied) in respect of their pension scheme; when payments will be made; and if she will make a statement on the matter. [7962/15]
Amharc ar fhreagraI wish to advise that my officials are working with the Mediator, Unite, the trustees of the scheme and the scheme administrator to ensure that the terms of the agreement are implemented as soon as possible.
The scheme administrator wrote to the members of the scheme on 29th January seeking the consent of each member to the transfer of personal data to the Department of Social Protection to enable the terms of the agreement to be implemented. I am glad to say that in excess of 90% of the members have responded to this letter.
A further letter will be issued to members who have consented to the transfer of data to the Department to inform them of their entitlement under the terms of the agreement. At that stage, the member will be required to sign a “Deed of Release” to the effect that any payment issued under the agreement will be in full and final settlement of any claim a member may have under the scheme. A payment cannot be made until the member signs the “Deed of Release”.
I can assure you that every effort is being made to implement the terms of the agreement as soon as possible.
