Seanad debates

Wednesday, 10 December 2014

Restructuring of Pensions at Aer Lingus: Statements

 

2:40 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will begin by making one point very clear. If I had not signed the enactment order here, had gone against the wishes of the trustees and the recommendation of an expert panel and had taken a fund upon which 15,000 people rely that has a deficit of between €700 million and €750 million into absolutely unknown territory with potentially huge risks to them, Senators Power and Darragh O'Brien would be in here criticising me for doing that. The Opposition Senators have stood up here and referred to legacy issues. Let us look at the legislative issue that is one of the causes of the legal status of deferees. Where did that originate from?

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