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

On the section, I ask the Minister about double insolvencies. In a press release which accompanied the publication of the legislation the Minister stated:

Historic double insolvencies will not be covered by this legislation [that is the Waterford Crystal case, among others] but are covered by the Insolvency Directive. This means that in those [past] cases, pensioners' entitlements will not be affected in any way and they will continue to receive 100% of their pensions. However, as the Directive stipulates that workers should be protected to at least 49%, the State may use funds raised by the Pension Levy to explore options to resolve historic double insolvencies which failed to meet this requirement.

Could the Minister elaborate on that? Is she saying that in regard to historic double insolvencies, the levy will be used to top up what those pensioners may be adjudged entitled to under the European Union directive?