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

I do not intend to introduce legislation which is ultimately going to drive some companies into insolvency. I realise that we might have to refine that section of the Bill because a solvent company be a company with a very slight excess of assets over liabilities and a pension deficit of €1 billion. It can be a very profitable company with a very small deficit. I have tried to mitigate that by giving the Pensions Authority the right to allow people to pay a lesser sum up to 50%, or to pay it over a five year period with an appeal to the High Court, but that might need to be modified further because we do not want to drive companies into insolvency. That is the last thing we want to do. Would Mr. Moriarty agree with that?