Dáil debates
Friday, 25 October 2013
Social Welfare and Pensions Bill 2013: Committee and Remaining Stages
2:40 pm
Catherine Murphy (Kildare North, Independent) | Oireachtas source
In regard to the fiduciary responsibilities of those who administer occupational schemes, the Minister has put in place a regime to ensure the schemes are properly funded. Part of the funding will be based on calculations trustees have made in order to provide pensions from the age of 65. Has any consideration been given to the additional obligations they may incur to fill the gap that is left? Might this foster a situation whereby they amend schemes negatively in order to comply with the new legal provisions?
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