Hildegarde Naughton (Galway West, Fine Gael) | Oireachtas source

I move amendment No. 23:

In page 70, to delete lines 5 to 9 and substitute the following: “(4) This section shall not apply to—

This and amendment No. 24 provide for members of the commission's superannuation scheme to be protected under the new section inserted by No. 24 to protect members of the single public service pension scheme. Staff will have no less favourable terms and conditions on transfer. This is explicitly referred to throughout the Bill. The wording of section 110 provides this protection. However, staff of the commission are split between members of the commission's own scheme and members of the single public service pension scheme. The commission's own schemes are closed to new members and can transfer with the IAA replacing the commission to administer those schemes. The members of the single public service pension scheme need a new arrangement. The Bill does not specify this new arrangement. It may be in the form of a new equivalent scheme or a category of an existing scheme that will be determined by agreement. Any such agreement must provide the same protection with no less favourable terms and conditions. This is being provided in a new section.