Clare Daly (Dublin North, United Left) | Oireachtas source

I move amendment No. 25:

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

“Amendment of Pensions Act 1990

3. The Pensions Act 1990 is amended in section 50 by inserting a new subsection after subsection (2) as follows:(2A) The Pensions Authority shall not direct the trustees of a pension scheme to reduce the benefits of current and former scheme members and/or post-retirement increases in benefits for pensioner members where a sponsoring company or its parent company have the financial capacity to meet the under-funding in the scheme without precipitating wage cuts or redundancies.”.”.

See this speech in context