Gerald Nash (Louth, Labour) | Oireachtas source

Clearly, the issue of access to the Pensions Authority under section 54 by retired workers, deferred members and so on is new. It is a very positive development and I am confident it will deliver a fair and equitable outcome. I am not aware of cases that have been brought to the attention of the Pensions Authority at this point. I was happy to support the Tánaiste's view that this was the best and most meaningful way in which we could, under Irish law, address some of the very legitimate concerns outlined by Deputy Daly and others this morning.

I am very familiar with the Deputies' arguments. I represent a considerable number of people who have been affected by problems in their pension schemes which nobody would have foreseen. The Tánaiste and Minister for Social Protection has responsibility for pensions legislation. The solutions provided by the Tánaiste are, in general, fair, equitable and just and will be seen to be so in the fullness of time. It is a very difficult situation to deal with and legislate for.

In terms of how the right of access to the Pensions Authority will operate, it is not just about notification. I do not think people were listening to what I had to say earlier. The Bill provides for an obligation to consult and take on board the views of those who would be affected in a restructuring or if unilateral changes are proposed. It goes much deeper than that, as we should all acknowledge. A collective approach to the Pensions Authority is the correct one. It is the authority responsible. Under legislation, it is not necessarily a matter for the industrial relations machinery of the State. The more appropriate authority to deal with such issues in a fair and equitable way is the Pensions Authority. I am satisfied that, in the fullness of time, this approach will be considered to be the best.

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