Mick Barry (Cork North Central, Solidarity) | Oireachtas source

The issue is the €80 million underfunding of the CIÉ pension funds, which is a matter of grave concern to 10,000 workers. Earlier the Minister challenged Deputy Munster to refer him to where the CIÉ board had been in defiance of the law. I will tell him precisely where. SI 323/2000 and SI 205/2010 require the board if CIÉ to financially support and maintain the solvency of both of the pension funds in every year, something it has been in breach of for nearly ten years now. On 20 September 2017, the CIÉ superannuation scheme 1951 pension committee failed to confirm to CIÉ's employees that it had not broken the law, SI 353/1951, in its submission of funding proposals to the Pensions Authority in 2013. This is happening on the Minister's watch. The law is being broken. These workers are being taken for a ride. What is the Minister prepared to do about it?

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