Results 6,441-6,460 of 6,728 for speaker:John Curran
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: I thank Mr. Harney. Before I call Deputy O'Dea I note Mr. Harney's concerns around small single-member schemes. Has Irish Life put those concerns to the Minister and to the Pensions Authority? If so, has there been a response?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: What about the Pensions Authority?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: This committee would obviously like to hear the view of the Pensions Authority at some stage.
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: I would like to pick up on one point before coming to Deputy Brady. One of Mr. Harney's slides shows the average scheme membership profile. It indicates that the average salary for a member is €39,000-----
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: -----and the average pension pot size is €75,000. I will stick with the one-member model to keep it within reason. At what stage is the average pension pot size €75,000? Is that at maturity?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: The average pot would have 20 more years to grow.
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Our guests are saying that the average contribution is €500 per month, which amounts to €6,000 per year.
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Irish Life has also indicated that if the directive were to be implemented in its entirety, a full audit could cost up to €3,000. Is that correct?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Why in God's name would anybody spend €6,000 if €3,000 was going to go towards that audit? It seems extremely disproportionate. The question I really want to put to our guests is whether the figure of €3,000 is based in reality. It seems excessive for that level of contribution.
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Is that the expectation from the directive?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: But the €3,000 cost may not be.
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: A sum of €3,000 is a lot. It is a large percentage of €6,000.
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Yes. I am agreeing that we will request the Minister to conduct a cost-benefit analysis. Have our guests any idea as to how long it took to carry out the UK cost-benefit analysis? Do they know the mechanics of what was involved?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Given that we have 110,000 of 150,000 in such schemes, which is the bulk of them, are our guests aware of any obvious practical impediment to carrying out that cost-benefit analysis?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: Are there any further questions from members? Does Mr. Harney have any concluding remarks?
- Joint Oireachtas Committee on Social Protection: Transposition of IORP II Directive: Discussion (7 Nov 2019)
John Curran: The committee will pursue with the Minister the issue of the cost-benefit analysis. Obviously, there will also be further follow-up with comments and observations from the Pensions Authority.
- Social Welfare (No. 2) Bill 2019: Second Stage (12 Nov 2019)
John Curran: I welcome the opportunity to contribute to the debate on the Bill, which gives legislative effect to the budget changes. As the Minister rightly said, some of the changes that were made and announced in budget 2020 do not require legislation. I would like to acknowledge a change the Minister has made that I have been asking to be made for a long time, namely, bringing the date of social...
- Written Answers — Department of Education and Skills: Schools Building Projects (12 Nov 2019)
John Curran: 204. To ask the Minister for Education and Skills if he has considered a review of the school building projects that have been at stage 2b for a significant amount of time (details supplied); and if he will make a statement on the matter. [46579/19]
- Written Answers — Department of Education and Skills: Student Retention Rates (12 Nov 2019)
John Curran: 205. To ask the Minister for Education and Skills the retention rates of students who complete the leaving certificate in second level DEIS schools in each of the years 2000 to 2018 and to date in 2019; and if he will make a statement on the matter. [46580/19]
- Written Answers — Department of Education and Skills: School Services Staff (12 Nov 2019)
John Curran: 206. To ask the Minister for Education and Skills the steps he is taking to address the situation in which many school secretaries receive no holiday pay, sick pay or occupational pension provision; and if he will make a statement on the matter. [46583/19]