Dáil Éireann Debate, Wednesday - 13 May 2015
201. Deputy Regina Doherty asked the Minister for Communications, Energy and Natural Resources the reason the Electricity Supply Board has not incorporated the legislative provisions of the Energy (Miscellaneous Provisions) Act 1995 into its pension scheme rules; and if he will make a statement on the matter. [18805/15]
Amharc ar fhreagra202. Deputy Regina Doherty asked the Minister for Communications, Energy and Natural Resources if the Energy (Miscellaneous Provisions) Act 1995 was concealed from Electricity Supply Board's management and pension fund trustees, until they became aware of it during a very public dispute in December 2013; and if he will make a statement on the matter. [18808/15]
Amharc ar fhreagraI propose to take Questions Nos. 201 and 202 together.
The ESB General Employees' Superannuation Defined Benefit Scheme is a contributory pension scheme through which pensions for the majority of employees in the electricity business are funded. The fund is vested in trustees nominated by ESB and its members for the sole benefit of employees, former employees and their dependents. The Scheme is a defined benefit scheme and is registered as such with the Pensions Authority (formerly the Pensions Board). The operation of the Scheme is a matter for the Trustees of the fund and not one in which I have a role or function.
My department has been advised by ESB that the company is satisfied that it is fully compliant with the provisions of the Energy (Miscellaneous Provisions) Act 1995 (No. 35 of 1995).
