Clare Daly (Dublin Fingal, Independent) | Oireachtas source

One would expect that. Some of them are retired members of trade unions who are earning pensions of approximately €100,000 per year. The workers have not had a say in reselecting them since the scheme was established. The wind-up is being delayed because the trustees are seeking an indemnification against being sued. They are getting professional advice from the likes of the fund's administrator, Mercer. They are getting stipends of up to €40,000 per year for each of the schemes in which they are involved. They only meet a couple of times per year. They are feeding off a fund that is being turned into cash while the members who contributed to it effectively have no recourse to address the trustees' lack of action in this situation despite the fact that the trustees publicly stated that they would wind up the scheme. It is like legitimised theft in some ways. Every delay is making these pensioners poorer.

Will the Minister's officials sit down with us? I do not know what clout they have, but surely someone can say that this is not on or make a legal challenge. What is happening is not right. There must be some way to deal with it.

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