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Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: Does Deputy Kerrane wish to comment further?

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: I thank our guests from Irish Life for their constructive and positive engagement with the committee and for their detailed written submission.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: Our second engagement is a continuation of our pre-legislative scrutiny of the general scheme of the automatic enrolment retirement savings system Bill 2022. I welcome the following officials from the Pensions Authority: Mr. Brendan Kennedy, the pension regulator and CEO; Dr. David Begg, chairperson; Mr. Andrew Nugent, head of policy; and Ms Gillian Smith, assistant head of policy. Before...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: I thank Dr. Begg. The first member who has indicated is the Leas-Chathaoirleach, Deputy Ó Cathasaigh.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: Dr. Begg is making the point that we need to introduce this as quickly as possible. The committee previously heard evidence from the pension industry, which has suggested going down a road similar to that pursued in New Zealand, where, in effect, it is light-touch control from a government perspective. The government just administers the fund, in that it distributes it to the various...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: The numbers.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: Reading between the lines here, Mr. Kennedy is saying that this will require an upfront capital investment from the State to put the overall structure in place if we are not going to use individual contributors’ funds to put a structure in place and then, over time, that the State would get its return back through that fee.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: There is one other factor in that regard, which is participation rates. This comes back to the broader issue where we were talking about gender earlier on. While the projections of the ESRI in that study were that participation rates would increase minimally over time, we have seen during lockdown and the Covid-19 period that there was a 2% increase in participation rates in this country,...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: I thank all of our witnesses for their evidence here today and for their positive engagement with the committee, which was very interesting and useful. The committee will shortly in private session discuss our future consideration of the submissions which are before us and the oral evidence we have heard. We are anxious to make a submission to the Government on this proposed legislation...

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: That concludes the committee’s business for today. The committee now stands adjourned until next Wednesday, 25 January, when we will continue our discussion on the auto-enrolment Bill with IBEC and the ESRI.

Joint Oireachtas Committee on Social Protection: General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed) (18 Jan 2023)

Denis Naughten: Before the witnesses finish giving their evidence, I will ask a couple of questions relating to their international experience. They have obviously looked at what is happening elsewhere. In the context of the gender differential, is there a model in place at present that would be effective in dealing with that? The witnesses referred to speed when establishing a fund and that New Zealand...

Ceisteanna Eile - Other Questions: Departmental Funding (19 Jan 2023)

Denis Naughten: 11. To ask the Minister for Transport, Tourism and Sport if he will consider the establishment of a small capital grant for mountain and sub-aqua rescue and recovery groups; and if he will make a statement on the matter. [1835/23]

Ceisteanna Eile - Other Questions: Departmental Funding (19 Jan 2023)

Denis Naughten: Last weekend, again, local sub-aqua clubs were out on a search and recovery mission in my constituency, Roscommon-Galway. Sadly, this is far too common. Families need closure. Without remains, they can never have that. Volunteers are going out in horrendous weather doing vital work, not only without financial assistance, but paying the operational costs out of their own pockets. It is...

Ceisteanna Eile - Other Questions: Departmental Funding (19 Jan 2023)

Denis Naughten: The Department covers search and rescue and search and recovery in the offshore by the Coast Guard, on mountains and in caves and the inshore, but when it comes to the inland waterways, the Minister washes his hands of it and tells us it is someone else's problem. The Minister of State may recall the previous Minister who was in charge of sport. He could give funding to subaqua clubs,...

Ceisteanna Eile - Other Questions: Departmental Funding (19 Jan 2023)

Denis Naughten: I thank the Minister of State for his response, which is very positive. It is the first response of its type that I have received in this House on subaqua clubs in more than 15 years. The point I make is that they provide a vital service. Sadly, every single community in this country has been impacted by suicide. People stand by the edge of a lake, canal or river waiting for the remains...

Ceisteanna Eile - Other Questions: Flood Risk Management (19 Jan 2023)

Denis Naughten: I am grateful for the opportunity. Following on from that question on planning challenges, there is a blockage at the moment in respect of carrying out climate adaptation measures that impact on communities and on our environment. The blockage is Lough Funshinagh in County Roscommon which the Minister of State has visited. Has he engaged or spoken with the Minister with responsibility for...

Public Dental Services: Motion [Private Members] (19 Jan 2023)

Denis Naughten: I thank my colleagues in the Regional Group for tabling this motion and the newest member of the Regional Group, Deputy McHugh. He is very welcome on board. I also thank Cáit Nic Amhlaoibh for her assistance in this. I thank every Member in the House who spoke, both Government and Opposition, in support of this motion, and the fact it is being unanimously adopted by the House is a...

Written Answers — Department of Transport, Tourism and Sport: Cycling Facilities (19 Jan 2023)

Denis Naughten: 17. To ask the Minister for Transport, Tourism and Sport the plans that he has to improve the standard of urban cycle lanes; and if he will make a statement on the matter. [1838/23]

Written Answers — Department of Transport, Tourism and Sport: Traffic Management (19 Jan 2023)

Denis Naughten: 34. To ask the Minister for Transport, Tourism and Sport the steps he intends to take to reduce traffic volumes in Dublin city; and if he will make a statement on the matter. [1839/23]

Written Answers — Department of Transport, Tourism and Sport: Park-and-Ride Facilities (19 Jan 2023)

Denis Naughten: 36. To ask the Minister for Transport, Tourism and Sport the measures he is taking to provide park-and-ride facilities to reduce traffic congestion and emissions; and if he will make a statement on the matter. [1837/23]

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