Results 5,141-5,160 of 28,255 for speaker:Éamon Ó Cuív

Debt Management (25 May 2010)

Éamon Ó Cuív: I met with Mr. Cooney also and my Department is part of it. My understanding is the committee is to report next month. I agree that this is probably one of the most urgent issues that I must deal with as Minister. The Deputy can rest assured that since I came into the Department, I have put a great deal of time, effort and emphasis on the need to move forward with viable proposals to deal...

Debt Management (25 May 2010)

Éamon Ó Cuív: That is correct.

Debt Management (25 May 2010)

Éamon Ó Cuív: I fully agree there is need for urgent proposals on how we deal with debt problems. One of my big concerns is that often I find where there are mortgage problems there are a great many other debt problems on top of them and dealing with the mortgage in isolation is not the solution. Having spoken to many of the people involved in MABS as I go around the country, they also bring that to my...

Debt Management (25 May 2010)

Éamon Ó Cuív: My hope is that we will get this report quickly-----

Debt Management (25 May 2010)

Éamon Ó Cuív: -----and then we can act on it quickly. I agree on the urgency, and particularly that it is important to protect people's houses.

Social Insurance (25 May 2010)

Éamon Ó Cuív: Self-employed persons pay PRSI Class S contributions which provide cover for long-term benefits such as State pension and widows/widowers pension. Employees are covered by PRSI classes A, E, H and P, which provide cover for the above benefits as well as for short-term contingencies such as jobseeker's and illness benefits. PRSI coverage is related to the risks associated with employment or...

Social Insurance (25 May 2010)

Éamon Ó Cuív: Deputy Enright is correct in stating that there are many self-employed persons who did not understand that they were not covered, for example, for jobseeker's benefit, until the employment dried up. There were many in the construction industry who never thought the work would cease, particularly those with trades, and suddenly they find themselves in a situation where they are not entitled...

Social Insurance (25 May 2010)

Éamon Ó Cuív: As I said, legislation is required to transfer the legal powers to deal with these matters.

Social Insurance (25 May 2010)

Éamon Ó Cuív: Exactly. Please God, the powers will be transferred and then we will be able to deal with creating activation in order to give people an opportunity-----

Social Insurance (25 May 2010)

Éamon Ó Cuív: I fully agree with the Deputy that there is a challenge here for self-employed people and I intend bringing forward proposals to see how to deal with this issue. Obviously it will be required to go to Cabinet. I do not have the legal responsibility at the moment but I am sure the Deputy agrees that this is an issue that needs to be tackled because there is a significant challenge for...

Pension Provisions (25 May 2010)

Éamon Ó Cuív: Approved retirement funds or ARFs are funds managed by a qualifying fund manager into which an individual may invest the proceeds of his or her pension fund on retirement. The income and gains of such funds are exempt from tax within the fund. Any amounts withdrawn from an ARF are referred to as a distribution. A distribution is treated as income from an employment. It is subject to...

Pension Provisions (25 May 2010)

Éamon Ó Cuív: First, I do not have any private pension fund so the direct question does not apply to me.

Pension Provisions (25 May 2010)

Éamon Ó Cuív: I did answer it because the Deputy spoke about himself and me. I tried to answer the question. The Deputy has raised an issue that has validity. There are, I understand, other-----

Pension Provisions (25 May 2010)

Éamon Ó Cuív: Because under the present law-----

Pension Provisions (25 May 2010)

Éamon Ó Cuív: My understanding is that as the legislation stands, they are required to apply the appropriate PRSI when making distributions.

Pension Provisions (25 May 2010)

Éamon Ó Cuív: I will present another scenario to the Deputy. If somebody retires at 63 and -----

Pension Provisions (25 May 2010)

Éamon Ó Cuív: This will explain and elucidate why this-----

Pension Provisions (25 May 2010)

Éamon Ó Cuív: -----issue is not a one-way street. Supposing one retires at 63 and one does not have enough contributions made to earn a full pension. Then, putting up the Class S could be an advantage because one would get another three years.

Pension Provisions (25 May 2010)

Éamon Ó Cuív: The second issue I would like to elucidate is that I am informed we are bound to charge this under the present law as it is. The Deputy asked me who introduced this provision. It was brought in by Oireachtas Éireann.

Pension Provisions (25 May 2010)

Éamon Ó Cuív: Apparently, it is still legislatively bound to be charged. I cannot change the legislation without bringing it before the Houses of the Oireachtas.