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An tOrd Gnó - Order of Business (28 May 2024)

Heather Humphreys: I am glad to announce I have approval from Cabinet for the pay-related jobseeker's payment. I think that is a step in the right direction. It is to protect people so they will not have a cliff edge drop in their income if they are unfortunate enough to lose their job. I will start to bring that legislation through the Dáil this evening. I take the Deputy's point about the particular...

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)

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)

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)

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)

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".

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

Heather Humphreys: I move amendment No. 26: In page 52, line 2, to delete "and".

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

Heather Humphreys: I move amendment No. 27: In page 52, line 6, to delete "section." and substitute "section, and".

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

Heather Humphreys: I move amendment No. 28: In page 52, between lines 6 and 7, to insert the following: "(d) without prejudice to paragraph (c), the extent to which a scale and methodology, and custom and practice, referred to in that paragraph take into account climate-related risks.". This amendment comes about in response to an amendment tabled by Deputy Ó Cathasaigh on Committee Stage....

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

Heather Humphreys: I move amendment No. 29: In page 54, line 33, to delete "may" and substitute "shall". This is another amendment that arises as a result of an amendment that Deputy Ó Cathasaigh put forward on Committee Stage. I said I would see how we could cater for it on Report Stage. Members should not that the amendment has not been grouped with the previous amendment because that one relates...

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

Heather Humphreys: I move amendment No. 30: In page 58, line 6, to delete "and published by the Authority" and substitute "by the Authority and published by it on a website maintained by or on behalf of the Authority".

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

Heather Humphreys: I move amendment No. 31: In page 59, line 23, to delete "and publish" and substitute ", and publish on a website maintained by or on behalf of the Authority,".

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

Heather Humphreys: I move amendment No. 32: In page 59, line 36, to delete "and publish" and substitute ", and publish on a website maintained by or on behalf of the Authority,".

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

Heather Humphreys: I move amendment No. 33: In page 68, line 20, to delete “which”.

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

Heather Humphreys: I move amendment No. 34: In page 68, line 23, to delete "and publish" and substitute ", and publish on a website maintained by or on behalf of the Authority,".

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

Heather Humphreys: I move amendment No. 35: In page 69, line 9, to delete "and publish" and substitute ", and publish on a website maintained by or on behalf of the Authority, requirements as to".

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

Heather Humphreys: I move amendment No. 36: In page 75, line 5, to delete “or”.

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

Heather Humphreys: I move amendment No. 37: In page 75, to delete line 8 and substitute "RAC, or".

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

Heather Humphreys: I move amendment No. 38: In page 75, between lines 8 and 9, to insert the following: "(iv) a PEPP (within the meaning of section 51) in relation to which the applicant is a contributor or the employer of contributors is a qualifying PEPP;".

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

Heather Humphreys: I move amendment No. 18: In page 42, line 3, to delete “and”.

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