Dáil debates

Tuesday, 24 January 2017

Ceisteanna - Questions - Priority Questions

Defined Benefit Pension Schemes

4:45 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I explained in my initial reply the difference between our regime and that of the UK. The Deputy has spoken passionately about his concerns for workers and his desire to do something for them. Will he consider the possibility that there may be unintended consequences of legislation such as he is proposing? Will he consider the situation of a company that is doing okay, is solvent and making a small profit, but has attached to it a pension scheme that is in trouble and with a large deficit? If that deficit is imposed as a legal liability on the employer, the company will become insolvent and where, then, will the workers be? These are the kinds of things the Deputy must consider if he is genuinely concerned for workers. I presume he does not want to bring forward a Bill that has unintended consequences, the result of which will be workers losing their jobs.

Comments

No comments

Log in or join to post a public comment.