Sheila Terry (Fine Gael)

I have sought a debate on pensions on a number of occasions. I ask the Leader to ensure such a debate is held before the summer recess. It is important in light of the irregularities that have been highlighted in one of our major banks. I would like an opportunity to point out several irregularities in the pensions industry. Senator Hanafin mentioned the Eircom flotation and stated the position has improved. People's pensions depend on the performance of their companies and some are retiring only to find their occupational pension benefits are not what they expected. Many employees are being asked to pay additional sums into their pension funds because there is a shortfall. This is one of many problems, which must be addressed, and I ask the Leader to schedule a debate before the summer recess.