Darragh O'Brien (Fianna Fail) | Oireachtas source

I move amendment No. 12:

In page 16, after line 35, to insert the following:"26.The Pensions Act 1990 is amended by inserting a new section 48A as follows:

"48A.An appeals mechanism for pension scheme members shall be put in place where trustees have decided upon reduced benefits for members, and such appeals mechanism shall ensure that any category of such pension scheme members have not been unfairly treated in any restructuring arrangement.".".

I thank the Minister of State for his time. The amendment proposes an appeals mechanism for pension scheme members to ensure no category of such members will be disproportionately affected on the wind-down of a scheme. For the purpose of today's debate, I will withdraw the amendment and reintroduce it on Report Stage.