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Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: How long did the deficit exist before the staff were informed?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: The CEO issued staff a notice on 8 March advising them to go to a meeting about this and to have their submissions in before the meeting on the 14 March, so there was less than six days. This is a big issue. We all have to look after our pensions. We all have to think about the future and our loved ones. This is a big issue. Was this not was very little time to give to them?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Yes.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Is Mr. Murnane happy with the consultation process that has been ongoing? Does he think the staff are happy with it?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Did they sign up to this?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: But they did not agree to it.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: So the board drove on despite the fact that the workers were completely against this.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Does Mr. Murnane feel that it met its requirements under section 50, which is very specific about the consultative process it has with workers?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: What period of time was there no CFO in the organisation?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: So four years.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: How was that allowed to happen, Mr. Gleeson?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Let us be frank, it was bananas that there was no CFO. It is crazy stuff. We have a situation where the pension was going down the tubes and there was no CFO in the organisation. Sorry, but there is a duty of care issue with regard to the workers here. I am not asking Mr. Gleeson to comment, I am giving my opinion. That is incredible stuff. Many of the workers were obviously working...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Was part of that to do with the pension?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: That is the figure I have.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: How much did it put in?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Did the €800,000 go in?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Have you met the full requirement? How long is it going to take to deal with this issue?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: And you are going to honour it?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: Will any of the proposed sale, that €23 million, be used to to deal with the pension fund, considering the concerns of the staff?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Alan Kelly: The differential between what was there in the public scheme and the new scheme is, on average, 18%. The staff have to go on to this now because you signed that in December 2015, was it?

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