Joan Burton (Dublin West, Labour) | Oireachtas source

I am aware of the issues arising around the IAS Scheme and recently met, as have several people here, with representatives of the deferred members’ groups. They articulated very clearly their concerns arising from proposals to address the significant deficit which I referred to earlier that has unfortunately arisen in this pension fund. That is the source of the difficulties and the problems that the 5,000 retired members, the 5,000 people at work and the 5,000 deferred members have difficulty consequential upon that enormous deficit. That is the cause of the problem. Deputy Mathews acknowledged that in his contribution and indicated that were he training trustees, he would perhaps give them better advice.

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