Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 30:

In page 34, to delete lines 39 to 45 and substitute the following:“(e) Notwithstanding paragraph (d)(ii)(II), the liability of a subsequent administrator or a fund administrator shall not exceed the lesser of the non-member’s appropriate share and—
(i) in the case of a subsequent administrator, the amount or value of the assets in the transfer arrangement (in this subparagraph
referred to as the ‘first-mentioned arrangement’) representing the non-member’s accrued rights under the arrangement at the time those rights are transferred to another relevant pension arrangement or at the time the non-member’s retirement benefit under the first–mentioned arrangement crystallise, as the case may be, or
(ii) in the case of a fund administrator, the amount or value of the assets in the approved retirement fund, approved minimum retirement fund (or the aggregate of those amounts or values where the non-member has an approved retirement fund and an approved minimum retirement fund) or vested PRSA (or the aggregate of those amounts or values where the non-member has more than one vested PRSA), as the case may be, at the date the fund administrator receives the certificate or copy certificate referred to in subsection (3C).”,”.