Oireachtas Joint and Select Committees

Thursday, 3 July 2014

Committee on Transport and Communications: Select Sub-Committee on Transport, Tourism and Sport

State Airports (Shannon Group) Bill 2014: Committee Stage

4:05 pm

Photo of Dessie EllisDessie Ellis (Dublin North West, Sinn Fein) | Oireachtas source

We were all caught up in the argument over pensions and deferred pensions. I elaborated on how a healthy company should be defined. Companies should not be allowed to close their pension schemes. Certain standards should be in place. In this case we are specifying a standard of 90% funding, which is reasonable. In section 2, I defined a healthy company as one which has positive net revenues or whose parent company has positive net revenues, and it was fair to include it. Maybe the Minister could take on board our suggestion regarding a company being viable.

I am not sure the Minister would be greatly opposed to the gist of the amendments.

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