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Seanad: Social Welfare and Pensions Bill 2005: Report and Final Stages. (8 Mar 2005)

Sheila Terry: So they are underfunded schemes.

Seanad: Social Welfare and Pensions Bill 2005: Report and Final Stages. (8 Mar 2005)

Sheila Terry: That is the same as being underfunded. If schemes do not meet the funding standard, they are underfunded. The figure for 2004 is most worrying. We can take it that by the end of 2005 the figures will have increased even more. That is a worrying trend. The number of schemes that do not qualify is spiralling. Extending the funding period to ten years, as the Minister has proposed, will do...

Seanad: Social Welfare and Pensions Bill 2005: Report and Final Stages. (8 Mar 2005)

Sheila Terry: I move amendment No. 5: In page 30, line 19, after "may" to insert "carry out some borrowing only for liquidity purposes and on a temporary basis". This matter is one which causes me great concern. I was not convinced on Committee Stage that the Minister was looking after the best interests of the consumer. I am sorry to attack the Minister all the time but, as I said earlier, it is nothing...

Seanad: Social Welfare and Pensions Bill 2005: Report and Final Stages. (8 Mar 2005)

Sheila Terry: The directive is clear in setting out what a member state institution can do. It can borrow only for liquidity purposes and on a temporary basis. Investing in a property through a pension fund does not improve anyone's liquidity and is certainly not on a short-term basis. I see no need for this working group. The Minister could withdraw his amendment tonight, accept mine or contact the EU...

Seanad: Social Welfare and Pensions Bill 2005: Report and Final Stages. (8 Mar 2005)

Sheila Terry: The Minister put it up to me again. I thought I had provided the Minister with numerous reasons he should not continue on his current route. Anyone I know who wishes to buy a property goes to the bank to borrow the money to do so, if they can afford to make the repayments. Pension funds should not be used to do so. I obviously have not made the argument sufficiently well. I thought the terms...

Seanad: Order of Business. (9 Mar 2005)

Sheila Terry: I support the comments of Senator Maurice Hayes in regard to the cost of taking children into care instead of spending that money on providing relief to the family at home. This is in light of recent events which we do not want to examine. It is time for a debate in the House on the issue of children at risk because it has been brought to my notice, not just because of recent events, that...

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: I thought the socialists were still in power.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: They are forced to work.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: The cost of mortgages forces them to work.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: It is not a choice for many women.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: Senator White agrees with it. I have heard her say she would like more women to be at home.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: I welcome the Minister to the House. I wish to share two minutes of my time with Senator John Phelan.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: I agree with the Minister that child care is a huge issue for working parents today and needs to be tackled. It is unfair of the Minister to pick on the observation made by Senator O'Meara that we are "coming from nothing". We do not need to remind the Minister that times have changed. Many more women and mothers work today than did in 1997. Although there were difficulties in 1997, many...

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: Yes it has. However, the Minister for Social and Family Affairs, Deputy Brennan informed this House yesterday that the Government will live up to its promise next year. There is no way that child benefit will pay for child care costs. I favour tax credits as a way of extending assistance for child care costs to more people. For example, if one takes a round figure cost of €100 per week, it...

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: What about fathers?

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: That proves Senator O'Meara's point.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: The Senator is doing fine on her own.

Seanad: Child Care Services: Motion. (9 Mar 2005)

Sheila Terry: It is a pity the Minister is not present to hear the Senator say that.

Seanad: West Link Toll Bridge: Motion. (23 Mar 2005)

Sheila Terry: I welcome the Minister. I do not intend to rubbish NTR and I agree with Senator Dooley that it was a good provider of infrastructure at a time when the country could not afford it. It is doing a good job in so far as is possible. However, we must consider the environment in which it works. It is not NTR's fault that the current situation exists. Problems relating to planning and the delivery...

Seanad: West Link Toll Bridge: Motion. (23 Mar 2005)

Sheila Terry: The people to whom I refer are trying to go about their daily work and may spend up to an hour getting from Finglas to the Red Cow roundabout.

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