Eamon Gilmore (Dún Laoghaire, Labour)

At what stage of preparation is the Bill to give effect to the new levy on public service pensions and when will it be introduced to the House? Which Minister will introduce it?

The Tánaiste yesterday told me the National Pensions Reserve Fund (Amendment) Bill would have to be enacted before the recapitalisation of the banks could occur. Following from the question asked by Deputy Kenny, when will we see that Bill in the House? Will there be a provision in the Bill similar to that announced by the President of the United States yesterday, from which there will be a cap in that country of executive remuneration in institutions being bailed out by the State? If it were to be applied here, it would be a cap of approximately €350,000.

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