Éamon Ó Cuív (Galway West, Fianna Fail)

I have. I said I will bring forward new proposals, which include legislation, and I will have them implemented by 1 July 2011. I have expedited the process because of its urgency. What happened subsequently was the Pensions Board decided to defer the date to give schemes the opportunity to avail of the new scheme. That makes a great deal of common sense.

The National Pensions Reserve Fund is a matter for the Minister for Finance. It does not relate to this discussion because the fund was established specifically to cover public service pensions.

See this speech in context