Results 7,141-7,160 of 28,255 for speaker:Éamon Ó Cuív

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: I do not have a speech to circulate, just notes.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: If the Deputy so wishes, I can get a copy made of my notes.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: I have no problem circulating the notes I have here.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: Pension schemes have been significantly impacted by the downturn in the financial markets. Defined benefits pensions schemes are subject to the funding standard requirements as set out in the Pensions Act 1990, as amended. In response to the crisis, this funding requirement was eased to allow schemes assess the impact of the crisis and determine an appropriate response. In addition, the...

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: It will be €150 per week from the host organisation.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: In order to participate in a programme, host organisations will have to pay €150 per week per participant for a 12-month period into a fund managed by FÁS. This contribution will be used to fund an upskilling bonus of €100 per week per participant over and above their normal FÁS training allowance. The sum of €50 per week will be the host organisation's contribution to the...

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: This is the second scheme.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: Tús is the first scheme, that under discussion is the second and the scheme relating to the public service is the third.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: Yes, and there will be 5,000 places on each.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: It only relates to one.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: It was well thought out.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: Many issues were raised. The issue of sovereign bonds was something that was introduced in the budget and we want to proceed with it immediately. That is why it is being discussed today. On internships, many people, including some Deputies present, approached me and asked why an employer could not pay people who were willing to work for social welfare a few bob. It seemed like a simple...

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: I can confirm that they do not.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Instruction to Committee (14 Dec 2010)

Éamon Ó Cuív: I am trying to help. The Tús scheme is like the rural social scheme and is being run on administrative basis, therefore it does not form part of this Bill.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Order for Report Stage (14 Dec 2010)

Éamon Ó Cuív: I move: "That Report Stage be taken now."

Social Welfare (Miscellaneous Provisions) (No.2) Bill 2010: Motion to Recommit (14 Dec 2010)

Éamon Ó Cuív: I move: That the Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010 be recommitted in respect of amendments Nos. 1 and 2.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Report Stage (14 Dec 2010)

Éamon Ó Cuív: I move amendment No. 1: In page 5, line 23, to delete "ACT 2001;" and substitute the following: "ACT 2001, THE PENSIONS ACT 1990, AND THE TAXES CONSOLIDATION ACT 1997;". The amendment to the Pensions Act 1990 that I am introducing arises from proposals from the Irish Association of Pension Funds and the Society of Actuaries in Ireland, under which a new type of annuity policy, which will make...

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Report Stage (14 Dec 2010)

Éamon Ó Cuív: As these bonds will be issued by the National Treasury Management Agency, they will be deemed to be sovereign debt. The Government's clear policy is that it will honour all sovereign debt.

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Report Stage (Resumed) and Final Stage (14 Dec 2010)

Éamon Ó Cuív: Questions have been asked that are not relevant to the amendment. There will be no benefit to judges or public representatives. Sovereign bonds are issued by the Government and are perfectly safe. The Government has been at pains to state that there is no circumstance under which we will renege on sovereign debt. That is the right policy because that certainty allows us to do things such...

Social Welfare (Miscellaneous Provisions) (No. 2) Bill 2010: Report Stage (Resumed) and Final Stage (14 Dec 2010)

Éamon Ó Cuív: Yes, but there is nothing to stop anyone buying them.