Seanad debates

Thursday, 20 December 2018

Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages


12:25 pm

Photo of Patrick O'DonovanPatrick O'Donovan (Limerick County, Fine Gael) | Oireachtas source

I thank the Seanad for facilitating the Bill. It will allow, hopefully by the end of the year, the enactment of very important legislation. The first group is amendments Nos. 1 and 7. Amendment No. 1 is a technical amendment which is necessary in order to reflect the insertion of a new section into the Bill, the subject matter of which was not previously reflected in the Long Title. Amendment No. 7 excludes amounts forgone under a Revenue approved salary sacrifice scheme from the definition of pensionable pay in section 29 of the Public Service Pay and Pensions Act of 2017. The effect of this is that the amounts will not be liable for additional superannuation contribution, ASC, the salary sacrifice arrangements which are in operation currently, the cycle to work scheme or the TaxSaver ticket scheme. In general, these are technical amendments.


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