As Minister for Transport, I have responsibility for policy and overall funding in relation to public transport in Ireland.
The CIÉ Group has two pension schemes, namely the Regular Wages Scheme (“RWS”) and 1951 superannuation scheme (“1951 Scheme”).
Concerning the 1951 scheme, members of the scheme were balloted regarding the Labour Court Recommendation which emerged on 23 November 2020, with a majority of the members voting to accept the proposals. CIÉ has recently prepared and submitted a consolidated draft Statutory Instrument to give effect to the proposed changes to the scheme - this is now being considered by my Department in conjunction with NewERA. There are a number of steps involved before an SI can be made, including the statutory consultation process.