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

With all due respect, there are no persons more eager for these amendments to come through than the workers themselves whose pensions are being attacked in healthy funds by companies that can well afford to keep defined benefit pensions going.

It is a money grab by many of these companies. The Minister is awaiting the amendments. When it was published on 6 July, the Bill did not include any amendments relating to defined benefit schemes. This is why people are concerned that it is not on the agenda and has been pulled by the Department or the Minister. This needs to be brought in quickly. The workers in Irish Life are eagerly awaiting the introduction of this measure so there would be some sort of protection for them. It was very remiss of the Department and the Minister not to have brought this in even more quickly than has been the case.

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