Bríd Smith (Dublin South Central, People Before Profit Alliance) | Oireachtas source

I do not think I argued that the heads of Bill were cast iron but I do think they were more elaborate than what we have. I know the Minister said it is complex and we all pinch our faces when we talk about pensions. I probably do more than pinch my face because I do not have a great understanding of them not having been involved in a pension scheme to date. It cannot be as complex to do something in Ireland that has already been done in Great Britain and across Europe, which is to protect workers in defined benefit schemes from being pushed into defined contribution schemes by companies that are completely solvent and that are in fact very healthy. Other Deputies have named these companies, as have I, and other Bills have been submitted by Fianna Fáil, Sinn Féin and Labour that would do the same job but have been held back because the Government Bill goes forward. It is being delayed to the point of utter frustration and probably huge disappointment on the part of workers. Since the Minister's husband works there, the Minister will know that this is the biggest pension organiser in the country. If it gets away with this, it is leading by example and so will the 110 other schemes that control defined benefit.

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