Mr. Ken Spratt:

There is a process to be gone through. The Pensions Authority has commenced a section 50 process and has written to the scheme trustees seeking details of a funding proposal to address the deficit. These trustees are required to respond to the Pensions Authority by 22 June. I should point out that CIÉ has offered to engage with the committee. This offer still stands. It is to be hoped that things will become clearer over the coming months. The Minister will then introduce a draft statutory instrument for consultation. I emphasise that this is a matter for consultation. We will then take it from there. That process must be gone through.