Seanad debates

Wednesday, 29 April 2009

Social Welfare and Pensions Bill 2009: Committee Stage

 

2:00 pm

Photo of Mary HanafinMary Hanafin (Dún Laoghaire, Fianna Fail)

This is a specific scheme with two important criteria - an insolvent company and a pension fund in deficit. Those criteria must be met under the scheme. Where a company meets those criteria, even if it has made the decision to wind up and has not discharged its liabilities, it is covered. The Senator's amendment is already in the Bill but I cannot say whether it covers a specific company in the country. The specific criteria the company must meet are insolvency and the pension fund in deficit.

Comments

No comments

Log in or join to post a public comment.