Oireachtas Joint and Select Committees
Wednesday, 25 January 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
General Scheme of the Industrial Relations (Provisions in Respect of Pension Entitlements of Retired Workers) Bill 2021: Discussion
Dr. John M. Hearne:
As regards defined benefit schemes, there are still 490 such schemes in the country. The big ones would be in Glanbia, Kerry Group and so on. It is unlikely, following various changes in the Pensions Act 1990, that it will happen again. If it does happen again, the Government will have use central funding to clear the balance.
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