Willie O'Dea (Limerick City, Fianna Fail) | Oireachtas source

I move amendment No. 20:

In page 15, between lines 39 and 40, to insert the following:

“11. Section 50 of the Principal Act shall be amended by inserting a new subsection (1A) as follows:

“(1A) The Pensions Board shall not direct the trustees of a pension scheme to reduce the benefits of current and former scheme members and/or post-retirement increases in benefits for pensioner members where a sponsoring company or its parent company have the financial capacity to meet the under-funding in the scheme.”.”.