Oireachtas Joint and Select Committees
Wednesday, 7 March 2018
Joint Oireachtas Committee on Transport, Tourism and Sport
CIÉ Group Pensions: Discussion
9:30 am
Mr. Ronan Gill:
With respect, the employer-nominated representatives on the committee act solely in the interest of the membership while they are acting on the committee. It is not unusual for the employer to have a controlling say on the funding of pensions because ultimately the employer will pay the bulk of the cost. In this case the employer is currently putting of the order of €50 million into the scheme and I believe the employees are putting in approximately €15 million.
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