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Seanad: Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (20 Dec 2018)

Paddy Burke: I wish the Minister of State well with the Bill. I have no doubt that, when the President gets the Bill, he will take the very first opportunity to sign it into law.

Seanad: Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (20 Dec 2018)

Paddy Burke: I welcome the amendment tabled by Deputy Cowen in the other House. How many people is it envisaged would be caught in this trap, and how much will it cost the Exchequer? Furthermore, is it the case that if this legislation, when it was brought forward first, were rushed through the House, no one would be caught in this trap? If so, could the date not be the date on which the Bill was...

Seanad: Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (20 Dec 2018)

Paddy Burke: Does this mean Central Bank staff can retire earlier or continue until they are aged 70?

Seanad: Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages (20 Dec 2018)

Paddy Burke: Senator Conway-Walsh seems to be saying that the retirement age will not be 65. I agree with the upper age limit of 75 but many people will retire on a mandatory basis after age 65.

Seanad: Order of Business (20 Dec 2018)

Paddy Burke: I would like to be associated with what has been expressed by Members of the House in wishing the Leas-Chathaoirleach, the Cathaoirleach, the staff and the management of Leinster House a happy Christmas and a prosperous new year. I would also like to extend this to my colleagues in the House and wish them all a happy Christmas. Not for the first time, I raise the issue of the Galway-Mayo...

Seanad: Order of Business (19 Dec 2018)

Paddy Burke: I was astounded to hear what Senator Colm Burke said about the joint committee. It should be remembered that a joint committee cannot meet unless it has a quorum which includes at least one Senator. It could only be ignorance for any Deputy to raise an issue in the fashion described. I support Senator Lombard's request for a debate in the House in the new year on Irish Water. The time is...

Seanad: Appropriation Bill 2018: Second and Subsequent Stages (19 Dec 2018)

Paddy Burke: I welcome the Minister of State back to the House to discuss the Appropriation Bill. It does not seem that long since we discussed the last one. The years are passing quickly. I welcome the Bill and the way we can now spend money. I compliment the Government on the way it has looked after the finances of the State so that we have money to spend. I welcome the healthy state of finances...

Seanad: Appropriation Bill 2018: Motion for Earlier Signature (19 Dec 2018)

Paddy Burke: I move:That pursuant to subsection 2oof section 2 of Article 25 of the Constitution, Seanad √Čireann concurs with the Government in a request to the President to sign the Appropriation Bill 2018 on a date which is earlier than the fifth day after the date on which the Bill have been presented to him.

Seanad: Houses of the Oireachtas Commission (Amendment) Bill 2018: Second and Subsequent Stages (19 Dec 2018)

Paddy Burke: I welcome the Bill. I am a former member of the commission. I do not believe the Bill goes far enough. There is an awful lot more we can do as an Oireachtas. I was on the recent trip to Australia, and was amazed at how the parliament there deals with national school and secondary school children and the educational programmes in place for them. They are brought in at Christmas time to...

Seanad: European Investment Fund Agreement Bill 2018: Motion for Earlier Signature (19 Dec 2018)

Paddy Burke: I move:That, pursuant to subsection 2 of section 2 of Article 25 of the Constitution, Seanad √Čireann concurs with the Government in a request to the President to sign the European Investment Fund Agreement Bill 2018 on a date which is earlier than the fifth day after the date on which the Bill shall have been presented to him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: I welcome the guests and the presentations made here today. I have a few questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: For the sake of the people who are looking at today's meeting who are quite worried about their future, about how their loans are being treated and about what will happen, will Mr. Ryan outline to us the typical customers who may have ten years left on their loan and who may have some legacy debt? Once the loan is taken over by Glenbeigh and Pepper in six months time how would it operate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Yes, the split warehoused arrangement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: That has been set by Permanent TSB.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: In most cases it is Pepper that will initiate the review.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Does Pepper decide on the interest rate also?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: Are there any loans in the portfolio without warehoused debt?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Paddy Burke: In the case that Mr. Ryan has outlined will he explain what happens after the ten years and when everything else is paid off except for the warehoused debt? What happens at that stage?

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