Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

My name is on the Order Paper. It was in the name of Deputy Pringle but it has been changed.

There is a crisis affecting defined benefit pension schemes. We know about the current crisis in the ESB and Dún Laoghaire Harbour Company. We are also familiar with the circumstances of Waterford Glass and of approximately 160 other pension schemes. What will the Minister do about it? Will the pensions Bill sort out this crisis? The Minister made reference to the United Kingdom. In the United Kingdom, pensioners are guaranteed at least 90% of what they should get up to a maximum of £30,000. Will the Minister give the full level of protection to workers who have paid into pension schemes all their lives, or will she do the bare minimum? In particular, can restructuring occur on multiple occasions?

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