If a person has been contributing to a pension scheme since he or she was 20 or 21 years of age and has been building up a maximum entitlement of 40 years' service in the scheme, he or she will be hammered on foot of this measure. The Government will give employers, who in the most instances are the trustees of the pension scheme albeit it a separate legal entity from the company, a free hand to reduce the benefits, thereby allowing them to pay the levy. The purpose of recommendations 9 and 10 tabled by Senator Thomas Byrne is not to permit that and not to take the legs from under the benefits of existing members of pensions schemes. I read from a letter from the airline pension fund yesterday, which has 15,000 members, one third of whom are retired, a third of whom have retained benefits and a third of whom are sill working. That letter clearly states that for existing annuitants within the fund, the pressure the levy will put on the fund will see a 9% reduction in the annuities paid out to existing members. This is a significant pay cut. Effectively, one tenth of a retired person's income will be taken to pay for the jobs initiative.