Dáil debates

Wednesday, 27 March 2019

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation

 

12:50 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I am not an expert on the particular pension fund. However, I met ESB pensioners some years ago when I was Minister for Social Protection. As the Deputy knows, the State pension is increased every year; in fact, it will increase this week by €5 a week. It has increased by about €1,000 a year in the past year. Pension funds such as the ESB's essentially are company funds and the amount that can be paid is linked with the amount pensioners paid in, the amount the company paid in and the quality of investments made by the scheme trustees in the interim. The Government cannot change this. It is about how much was paid in by the staff and the company and how well the investments have performed.

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