Dáil debates

Tuesday, 13 December 2016

Questions on Proposed Legislation

 

3:40 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

He sought advice from the Attorney General on the way he might be able to look at the question of the public element of this issue. Legislation in this area cannot be made retrospective. The Minister has asked the chairperson of the Pensions Authority to report back to him. I mentioned before that there have been some calls for the funding standard that applies here to be suspended. That defines the basis upon which liabilities of defined benefits schemes have to be calculated. It provides a benchmark against which the strength of a scheme can be tested and when a scheme fails-----

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