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
Mr. John Nugent:
I want to respond to the piece about under funding. I assure the committee that arbitration has and does deal with underfunding in pension schemes. I have personal experience where, at one time in the ESB, contributing members were asked to increase their contributions by 2% in return for further funding from the company. It can be done and it is done in arbitration.
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