Dáil debates

Wednesday, 10 December 2014

Social Welfare Bill 2014: Report Stage (Resumed) and Final Stage

 

3:00 pm

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

I move amendment No. 19:

In page 4, between lines 21 and 22, to insert the following:

“Amendment of Pensions Act 1990

4. The Pensions Act 1990 is amended by inserting a new section 48A as follows:"48A. A solvent firm shall not be allowed to close a defined benefit pension scheme except where the scheme has reached a minimum 90 per cent funding standard.".".

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