Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

The pension levy is a temporary levy and has generated 10,000 jobs in the tourism industry. A report has been received by the Minister for Social Protection on charges on pensions. A consultation process has been initiated and will run for three months. The specific issue raised by Deputy Martin is whether something similar to the Financial Emergency Measures in the Public Interest Act can be applied to private pension schemes. Private pension schemes are established separately and are governed by separate legislation. The schemes have trustees and the scope of the State to intervene in such pension schemes is limited and must be done through the Pensions Board.

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