Dáil debates
Wednesday, 29 November 2017
Other Questions
Pension Provisions
11:25 am
Clare Daly (Dublin Fingal, Independent) | Oireachtas source
I thank the Minister. I suppose the reassurance that staff and members of the scheme want is to know the investigation is still being actively pursued. There is a worry about a time delay. I remind the House we were dealing with a case where a second supplementary pension scheme had €100 million in it was sitting there for two years, belonging to people who had retired in the mean time and other people who had a right to access those benefits. It was being bled by management charges, payments and so on, basically haemorrhaging value. The big concern for staff is that after pushing for assets to be distributed for almost two years, finally getting the most appalling distribution mechanism that anyone could have thought and putting a block on that, the danger is that the investigation may lead to moneys not being distributed for a further period. I ask that we keep the pressure on. It is probably the reason for this question. There are many people with entitlements who have been treated quite shabbily.
No comments