Oireachtas Joint and Select Committees

Thursday, 12 December 2013

Committee on Education and Social Protection: Select Sub-Committee on Social Protection

Social Welfare and Pensions (No. 2) Bill 2013: Committee Stage

11:55 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

The Deputy is correct. To some extent there may be an element of intergenerational solidarity because by and large the people in the defined-contribution schemes are younger on average than people in defined-benefit schemes because many defined-benefit schemes have been closed to new entrants for a significant period of time. The only other example, I suppose, is the public service, which, in essence, is an unfunded defined-benefit scheme.

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