Jerry Buttimer (Fine Gael)

I second the amendment. I welcome the Minister to the House and congratulate him on his elevation. This debate is timely and opportune. In many people's eyes, the time for debate is over and it is now time for action. I commend Senators O'Malley and Cannon on tabling this motion.

I welcome the publication of the Green Paper. I suppose it is a case of better late than never. Like the bus, it is better to have it than not to have it. This Private Members' motion is being played out in every private house across the country and ignites a debate about provision of a comprehensive pension scheme. Members are aware of the fear of growing old and not having adequate cover to survive the last few years of life. The Green Paper represents a detailed diagnosis of the current situation and of the challenges we face, as Senator McFadden stated. It gives us options. I agree with Senator O'Malley that we need to plan for future provision of pensions. There is consensus on all sides of the House on that matter, provided it is done thoroughly and fairly.

Senator O'Malley also referred to increases in pensions in successive budgets. It is correct that it was increased for citizens whose toil and labour gave rise to the Celtic tiger. She neglected to mention that the cost of living has risen in tandem with the old age pension.