Seanad debates

Thursday, 11 December 2014

Finance Bill 2014: Report and Final Stages

 

12:35 pm

Photo of Feargal QuinnFeargal Quinn (Independent) | Oireachtas source

In page 27, to delete lines 18 to 38 and substitute the following:

“ ‘Constituent University’ means a university specified in column 2 of the Second Schedule of the Universities Act 1997;
‘Trinity College’ means the College of the Holy and Undivided Trinity of Queen Elizabeth near Dublin established by charter dated the 3rd day of March, 1592, and shall be held to include the University of Dublin save where the context otherwise requires in accordance with the charters and letters patent relating to Trinity College;
‘the University of Dublin’ means the university established by the charters and letters patent incorporating Trinity College and which said university is further provided for by the letters patent of the 24th day of July, 1857;
‘Constituent University/Trinity College/the University of Dublin scheme’ means, as the case may be—
(I) the National University of Ireland, Galway (Closed) Pension Scheme 2010 (Joint Pension Scheme), or
(II) the National University of Ireland, Galway Pension Scheme 2005 (Model Scheme), or
(III) the University College Cork (Closed) Pension Scheme 2010 (Joint Pension Scheme), or
(IV) the University College Cork Pension Scheme 2005 (Model Scheme), or
(V) the University College Dublin (Closed) Pension Scheme 2010 (Joint Pension Scheme), or
(VI) the University College Dublin Pension Scheme 2005 (Model Scheme), or
(VII) the Trinity College or the University of Dublin (Closed) Pension Scheme 2010 (Joint Pension Scheme), or
(VIII) the Trinity College or the University of Dublin Pension Scheme 2005 (Model Scheme);
‘qualifying period’ means the period beginning on 1 July 2008 and ending on 31 December 2018;
‘relevant period’ means the period beginning on 14 July 2003 and ending on 30 June 2008;
‘relevant year’ means any year which falls wholly or partially within the relevant period;
‘specified employee’ means an individual who was a fixed-term employee of a Constituent University or Trinity College or the University of Dublin during the relevant period under a contract of employment which is governed by the Protection of Employees (Fixed-Term Work) Act 2003.
(ii) This paragraph applies to a contribution, which is not an ordinary annual contribution, paid or borne by a specified employee under the Constituent University/Trinity College/the University of Dublin scheme during the qualifying period in respect of a relevant year, other than such a contribution which is---”.
The Minister of State gave us a good explanation yesterday which satisfied me to a very large extent. However, I would like to be able to stitch an explanation into the record. We talked about a very small number of people being likely to be affected by this, which the Minister of State agreed was the case, and that, if it turned out there were more, the Minister would be able to take action and do something about it. I would like to have that explained again in the Minister of State's own words.

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