Results 501-520 of 1,020,579 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Ciarán Cuffe OR speaker:Joe O'Brien)

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I expect to have the legal advice by the time the Bill goes to the Seanad. On a second point, it is not just the UK. There was a similar increase in the take-up of occupational pensions in New Zealand and Australia. I expect that will be the case here.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment put and declared lost.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Bill, as amended, received for final consideration.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Question proposed: "That the Bill do now pass."

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Seán Sherlock: I thank the Irish Congress of Trade Unions, from which I have taken a very direct line. That will be obvious to everyone who has been watching the amendments we have put forward. That is only natural because I am a member of the Labour Party. This is good legislation. I would like to have seen it improved, but it is good for workers. If I may say so, the Minister has done a very good...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Marc Ó Cathasaigh: Deputy Sherlock made reference to a good day's work. More than a good day's work was put into this. The Cathaoirleach of the committee cannot be here today but Deputy Ó Laoghaire and I are so, on behalf of the committee, I am thankful for all of the support at the pre-legislative scrutiny stage. We might have liked to see more of the recommendations being taken on board in the final...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Jennifer Murnane O'Connor: I thank the Minister and her team. I am not on the committee but I thank the members and everyone involved. This is an exceptional Bill. It will be crucial from the point of view of employers and employees. The reason I am contributing now is that I have been speaking to employers and employees. I know the Minister will give them what they are asking for, which is proper information and...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Donnchadh Ó Laoghaire: I have said my piece on the legislation in general. I commend the work that has gone into it. The whole area of auto-enrolment is vitally important. We have significant reservations about the management of the funds. That will be discussed further in the Seanad, but I recognise the work that has gone into the Bill. In principle, auto-enrolment is certainly a big piece of the jigsaw. As...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I thank the Deputies for their co-operation and support. This is transformational legislation. It will affect many of the workers of tomorrow and of today. I was speaking to a group of schoolchildren this morning. They were 16 and 17. It will impact on their lives down the road. It will also impact future generations. It took 25 years to get this far, so I compliment everyone on...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Question put: The Dáil divided: Tá, 75; Níl, 36; Staon, 0. Tellers: Tá, Deputies Hildegarde Naughton and Cormac Devlin; Níl, Deputies Pádraig Mac Lochlainn and Denise Mitchell.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Tá Cathal Berry, Colm Brophy, James Browne, Richard Bruton, Colm Burke, Peter Burke, Jackie Cahill, Holly Cairns, Dara Calleary, Ciarán Cannon, Jennifer Carroll MacNeill, Patrick Costello, Simon Coveney, Michael Creed, Cathal Crowe, Cormac Devlin, Alan Dillon, Paschal Donohoe, Francis Noel Duffy, Bernard Durkan, Damien English, Alan Farrell, Peter Fitzpatrick, Joe Flaherty,...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Question declared carried.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Catherine Connolly: The Bill will now be sent to the Seanad.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Seán Sherlock: I move amendment No. 39: In page 88, between lines 17 and 18, to insert the following: “Hindering the displacement of occupational pension schemes 129. An employer shall not wind up or freeze a qualifying occupational pension scheme in place after the commencement of this Act for a period of 10 years.”. In order that I am ad idem with the Leas-Cheann Comhairle, this...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Donnchadh Ó Laoghaire: I support all that Deputy Sherlock said. It is vitally important we ensure no room for manoeuvre exists for people who will look to exploit the system, or will look to not give some categories of workers their full entitlements, and that we work to avoid that. The points were well made. I welcome Deputy Ó Cathasaigh's amendments and commend him on them. I also commend the Minister on...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I acknowledge the amendments tabled by Deputy Ó Laoghaire, but the auto-enrolment scheme will not be invested in through private pension providers. That will not happen. It will be invested in through investment providers in the same way the NTMA invests the State's money. This will involve the savings of members of the scheme. It is set up in such a way as to protect members. It is...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Seán Sherlock: The Minister has not advanced her position since Committee Stage. I accept that. We are now in the arena where the Minister has to take a position on what is in the preliminary legal advice. I appreciate that. However, there are other channels of communication, through her departmental officials and stakeholders out there in the ether who are very interested in this legislation, whereupon...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 24: In page 50, line 22, to delete "Part" and substitute "Act".

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 25: In page 51, line 11, to delete "contract" and substitute "investment management contract between the Authority and that person".