Joan Collins (Dublin South Central, Independent) | Oireachtas source

Over a year is rather a long time to check that all the t's have been crossed and the i's have been dotted. I know it is important legislation. Thousands of workers are waiting for it to come through for some protection. Irish Life workers in a scheme that is healthy are potentially affected by their defined benefit scheme being wound down. There is also Ryanair and Independent News and Media. This was flagged last May in the heads of the Bill in respect of the two areas, the 12 months' notice to trustees from the bosses to cease contributions, and provision that if trustees and employer cannot agree a funding proposal, the Pensions Authority would intervene and set a contribution schedule. Many workers saw that as a protection and they are hugely disappointed. It is disgraceful that over a year later we are still waiting for the legislation to come through.

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