Nicky McFadden (Fine Gael)

I move amendment No. 14:

In page 21, after line 52, to insert the following:

"(1C) The trustees shall have the power to set limits on the amount that shall be paid out based on the salary of the employee in the event of a winding up.".

This is a worthwhile amendment. Based on the annuities the trustees would have the responsibility and the power to decide on the amounts that would be paid out. This is what we discussed this morning in the context of Mr. Fingleton. The unfortunate people who have been working 30 years of their lives deserve to get a decent pension. The amendment would ensure someone would set the limit. It is about limitation.