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Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: I appreciate that there is no levy in place now but we want to ensure that it will not, at some point in the future, be brought back in the format in which it previously existed. No Government wants to bring in a levy like that, but the amount of moneys held by pension funds is an irresistible temptation to Governments when times are hard and when ready cash is needed. The Minister...

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

John Brady: The fact that the Deputy does not even want to push the Bill to a vote makes clear his intentions.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: Deputy Brady accused me of hypocrisy. Being accused of hypocrisy by the party that was spawned by Freddie Scappaticci and Slab Murphy is like being called big, green and ugly by the Incredible Hulk. It really is a joke.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

John Brady: I am not going to sit here and listen to that nonsense.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: I am sorry if the Deputy's feelings are hurt. We will focus on that great moral example, Gerry Adams.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

(Interruptions).

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: I have prepared legislation-----

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

(Interruptions).

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Seán Ó Fearghaíl: Deputy O'Dea should not address Deputy Brady.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: It would not be the first time Sinn Féin told lies and mislead the House. I have prepared legislation-----

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

John Brady: Deputy O'Dea does not need to be reminded about lies.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: I have prepared legislation along the lines that Deputy Brady has suggested and I will be introducing it shortly. I would not take Sinn Féin's word for anything, but Deputy Brady has indicated that he would support the legislation. I look forward to his support when I introduce it.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: Deputy O'Dea has expressed concern about pensions and their sustainability. He has published a separate Private Member's Bill in regard to defined benefit schemes. The Minister for Social Protection, Deputy Varadkar, is conscious of the need for reforms in the area of defined benefit pensions schemes and in that regard he has published the general scheme of the Social Welfare and Pensions...

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

John Brady: It is not too often that Irish politics can still shock in its hypocrisy. We have become immune to brass necks and parties brazenly pretending to be one thing when their record shows the opposite to be the case. This Bill takes the biscuit. The party that ploughed the National Pension Reserve Fund into the bad banks now wants to protect people's pensions. The party that wrecked the economy...

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: What is the date of the press release?

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: It is dated 3 March 2010. I can make a copy of it available to the Minister.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: The Minister for Finance at that time was my predecessor, the late Brian Lenihan.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Willie O'Dea: My apologies, the Minister is correct. To the best of my recollection, the Fine Gael-Labour Party programme for Government contained a similar commitment. Deputy Burton, when Minister for Social Protection, mentioned this numerous times but we have seen no action on it. The current Minister for Social Protection, Deputy Varadkar, in his recent campaign for the leadership of Fine Gael...

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