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EU Summits: Statements (12 Oct 2011)

Enda Kenny: The Deputy said an announcement was made today.

EU Summits: Statements (12 Oct 2011)

Enda Kenny: Where was the announcement made?

EU Summits: Statements (12 Oct 2011)

Enda Kenny: The Deputy is always very clear in her comments. Where was the announcement made?

EU Summits: Statements (12 Oct 2011)

Enda Kenny: I thank the Deputy for her clarity.

EU Summits: Statements (12 Oct 2011)

Enda Kenny: It was the Deputy who mentioned it.

Leaders' Questions (18 Oct 2011)

Enda Kenny: When the Government took office earlier this year, it inherited a pensions system in crisis. There is a €10 billion to €15 billion hole in certain private sector defined benefit pension schemes. This has been clearly identified, as has the extent of the fat and costs involved in their administration, a matter also referred to in the programme broadcast last night to which the Deputy...

Leaders' Questions (18 Oct 2011)

Enda Kenny: The horse bolted a very long time ago.

Leaders' Questions (18 Oct 2011)

Enda Kenny: The findings indicate that the hole amounts to between €10 billion and €15 billion.

Leaders' Questions (18 Oct 2011)

Enda Kenny: That horse galloped for quite some time.

Leaders' Questions (18 Oct 2011)

Enda Kenny: The defined benefit schemes are entirely voluntary arrangements between employers and employees.

Leaders' Questions (18 Oct 2011)

Enda Kenny: The role of the State is to regulate the schemes to ensure employers deliver on their promises. The State has no role to play in filling holes that have emerged in these schemes.

Leaders' Questions (18 Oct 2011)

Enda Kenny: That is a job for the employers and employees.

Leaders' Questions (18 Oct 2011)

Enda Kenny: They are voluntary arrangements.

Leaders' Questions (18 Oct 2011)

Enda Kenny: The State pension is the safety net on which people can rely if an employer fails to meet its private pension promise. Deputy Martin referred specifically to Aer Lingus. The Aer Lingus pension scheme has a deficit of €500 million. The 0.6% levy was not the cause of that. The State's job is to regulate so that the employers live up to their promise to their employees in respect of...

Leaders' Questions (18 Oct 2011)

Enda Kenny: This is a serious matter for thousands of people.

Leaders' Questions (18 Oct 2011)

Enda Kenny: I have met many pensioners. One of the fundamental issues that will be addressed in the initiative by the Minister, Deputy Burton, is a comprehensive assessment of the scale of what has gone wrong. We know it is in the region of €10 billion to €15 billion but, as was pointed out previously, the pension schemes are able to absorb a substantial proportion of the 0.6% levy.

Leaders' Questions (18 Oct 2011)

Enda Kenny: It is nonsense to suggest otherwise when last night's programme clearly indicated the extent of excessive charging. As I noted in my previous reply, the smallest transaction charge can have a serious impact over the lifetime of a pension.

Leaders' Questions (18 Oct 2011)

Enda Kenny: That is the arrangement they entered into.

Leaders' Questions (18 Oct 2011)

Enda Kenny: We need to speak further about this matter when a better opportunity presents. My first thought is for the families who lost children. No words of mine can deal adequately with their sense of loss. I do not think the words of anybody else here could do so either. The second point I would like to make is that today the HSE is publishing a series of reports. The National Review Panel for...

Leaders' Questions (18 Oct 2011)

Enda Kenny: I reject completely the charge that the State and the Government I lead do not have the care, safety and comfort of children as a priority. For the first time since the foundation of the State, a senior Department of Children and Youth Affairs has been founded. It took time to extract all the relevant connections dealing with children in order that they could be put into that Department.

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