Willie O'Dea (Limerick City, Fianna Fail) | Oireachtas source

I am glad the Minister has not closed her mind to the possibility of doing something in advance of the next budget.

The Minister referred to the total contributions system the Government is preparing to introduce. Is she aware of a report by KPMG, produced at the instance of the Department, that a total contributions system would mean even fewer people, women in particular, would get at least 80% of their pension by comparison with now? I was fascinated to see the reference to the report because my understanding was that the total contributions scheme has not been devised yet. Whether the information is accurate will depend on the nature of the scheme. Has somebody asked KPMG to examine a particular type of scheme? I read the report but is it a reality? Perhaps the Minister could explain what it means and states.

See this speech in context