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Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I would be more than happy to withdraw the amendment on that basis.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I move amendment No. 4: In page 35, lines 4 and 5, to delete “and the level of retirement savings in the State” and substitute “, the level of retirement savings in the State, the types of funds invested in”.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I have given consideration to the amendment tabled by Deputy Sherlock and it is another way of skinning the cat. Some of my later amendments go to the idea of divestment, particularly in respect of fossil fuels and the arms industry but amendment No. 13 is another way to skin that cat. Within a private pension I can avail of the option to invest in an ESG-friendly green pension product and...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I move amendment No. 16: In page 54, between lines 28 and 29, to insert the following: "(a) shall not invest those resources, directly or indirectly— (i) in equity or debt securities issued by a munitions company as defined in Part 4 of the Cluster Munitions and Anti-Personnel Mines Act 2008, (ii) or any financial derivative instruments, insurance policy, exchange traded...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I meant first to make the case for amendment No. 22, which I think is grouped as well.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: This is just an expansion of a provision that is in there already. We are looking at section 75(3). The amendment provides that: "An investment management contract shall include provision for enabling of the achievement of the obligations of the State under international agreements on environmental sustainability and climate change and national obligations under the Climate Action and Low...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I thank the Minister with regard to her taking amendment No. 18 back and having a look at it. It may look like throwing the dog a bone, in that it is the smallest and least consequential of these amendments. It is consequential, though, because strengthening this language can make a difference, even if it is only the substitution of a single word. I thank the Minister for taking this on...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I will again make the point I made at the outset. I do not, at the moment, get to legislate on anything else that is happening in the pensions industry. We are getting an opportunity to look at legislation to do with what will become a substantial part of our pension provision State-wide. I strongly feel that if we are looking at convergence, we should converge upwards and not downwards....

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I think these amendments will live to fight another day, Cathaoirleach. I will withdraw it.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I move amendment No. 17: In page 54, between lines 28 and 29, to insert the following: “(a) shall not invest those resources, directly or indirectly— (i) in equity or debt securities issued by a fossil fuel undertaking as defined in section 49A of the National Treasury Management Agency (Amendment) Act 2014, (ii) or any financial derivative instruments, insurance...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I move amendment No. 18: In page 54, line 33, to delete “may” and substitute “shall”.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I move amendment No. 19: In page 55, after line 41, to insert the following: “ “best long term interests” means the highest possible value of the pension, as well as the best possible health of the environment and society in which the participants live;”.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I move amendment No. 22: In page 57, to delete lines 6 to 8 and substitute the following: “(3) An investment management contract shall include provision for enabling of the achievement of the obligations of the State under international agreements on environmental sustainability and climate change and national obligations under the Climate Action and Low Carbon Development Act 2015...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Marc Ó Cathasaigh: I think we would accept the amendments are quite different in ambition and scope. I have amendments later on which I am confident that the Minister will take a similarly dim view as she has of amendment No. 13. I do not suppose all my amendments will be as successful as these, in terms of going back to the Office of Parliamentary Counsel. I thank the Minister for taking it on board. It is...

Written Answers — Department of Rural and Community Development: Rural Recreation Policy (9 May 2024)

Marc Ó Cathasaigh: 12. To ask the Minister for Rural and Community Development the level of interest in the national walks scheme, currently open for expressions of interest; and if she will make a statement on the matter. [20663/24]

Written Answers — Department of Rural and Community Development: Rural Recreation Policy (9 May 2024)

Marc Ó Cathasaigh: 29. To ask the Minister for Rural and Community Development if she is aware of the St. Declan's Way Strategic Plan 2024 - 2028 launched recently (details supplied); her views on same, in particular in relation to how best to grow the offering of the route; and if she will make a statement on the matter. [20662/24]

Written Answers — Department of Rural and Community Development: Rural Recreation Policy (9 May 2024)

Marc Ó Cathasaigh: 324. To ask the Minister for Rural and Community Development her Department's plans to support long, cross-county walking trails in order to optimise their development for the benefit of villages along their routes; and if she will make a statement on the matter. [16697/24]

Ábhair Shaincheisteanna Tráthúla - Topical Issue Matters (14 May 2024)

Marc Ó Cathasaigh: I wish to advise the House of the following matters in respect of which notice has been given under Standing Order 37 and the name of the Member in each case: Deputy Jennifer Murnane O'Connor - To discuss recruitment for children's disability network team, CDNT, services in community healthcare organisation, CHO, 5. Deputy Bernard Durkan - To discuss the need for school places right...

Written Answers — Department of Housing, Planning, and Local Government: National Parks and Wildlife Service (14 May 2024)

Marc Ó Cathasaigh: 372. To ask the Minister for Housing, Planning, and Local Government the current number of conservation rangers recruited into the NPWS with location based in Waterford and the wider south east region; the current targets for recruitment nationwide by the end of 2024 and by the end of 2025; and if he will make a statement on the matter. [21391/24]

Written Answers — Department of Justice and Equality: Penalty Points System (14 May 2024)

Marc Ó Cathasaigh: 463. To ask the Tánaiste and Minister for Justice and Equality the number of penalty points issued for parking in cycling lanes in each year from 2020 to 2023, in tabular form, both in total and on a geographical basis. [21647/24]

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