Willie O'Dea (Limerick City, Fianna Fail) | Oireachtas source

Amendment No. 12 in my name has been ruled out of order. In amendment No. 13 I am trying to achieve a variation of amendment No. 12.

Pension schemes are infinitely various and there are differences between all of them. Even within pension schemes pensioners can be treated in different ways, for example, in the contributions they make. Some people have worked in a firm for much longer than others. Therefore, one size does not fit all. Some account should be taken of length of service and other conditions with which pensioners have to comply which might not apply to their counterparts.

As the Bill stands currently, everybody is guaranteed the same amount - €12,000 - in the event of a wind-up of a pension scheme in a single insolvency. These differences should be taken into account and should be reflected in the figure.

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