Dara Calleary (Mayo, Fianna Fail)
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To ask the Minister for Finance the number of members there are in the Irish Bank Resolution Corporation, formerly Anglo Irish Bank, pension scheme; if there has been any reduction in pensions paid to members in the past five years; and if he will make a statement on the operation of the scheme. [56288/12]

Dara Calleary (Mayo, Fianna Fail)
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To ask the Minister for Finance the number of deferred members there are in the Irish Bank Resolution Corporation, formerly Anglo Irish Bank, pension scheme; if there will be any reduction in pensions to be paid to members when they are due; and to make a statement on the operation of the scheme. [56289/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 141 and 142 together.

I have been advised that the number of members in the former Anglo Irish Bank and former INBS defined benefit pension scheme is 258. The number of deferred members is 188.

Pension entitlements for these schemes are a matter for the independent Trustees.

All bar 1.5% of current IBRC employees are on a defined contribution pension (or no pension scheme) as opposed to a defined benefit pension scheme. The future value of their annual pension is not guaranteed.

Dara Calleary (Mayo, Fianna Fail)
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To ask the Minister for Finance if his attention has been drawn to the situation being faced by deferred members in a company (details supplied) which is now under the control of the Irish bank Resolution Corporation; the losses being forced on these people; and if he will make a statement on the matter. [56290/12]

Dara Calleary (Mayo, Fianna Fail)
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To ask the Minister for Finance if he will outline in tabular form the fees paid by the Irish bank Resolution Corporation to all advisors in relation to the operation of the pension scheme of a company (details supplied) controlled by the bank. [56291/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 143 and 144 together.

I have been advised that it would be inappropriate for IBRC to provide a response to this question as it relates to a matter for the Board of company mentioned in the question and the Trustees of that company’s Pension Scheme.

Denis Naughten (Roscommon-South Leitrim, Independent)
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To ask the Minister for Finance the reason the provisions of the Credit Institutions (Stabilisation) Act 2010 cannot be utilised to reduce pensions paid to former senior executives of banks; and if he will make a statement on the matter. [56316/12]

Michael Noonan (Limerick City, Fine Gael)
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As I outlined to the Deputy in my previous reply (ref no 51257/12 of 20th November 2012), on the same subject, the scope to use the provisions of the Credit Institutions (Stabilisation) Act 2010 in the manner proposed is severely limited. The general intent of the legislation is to operate its provisions at a system level to permit the imposition of obligations on credit institutions. It is also far from clear that the quantum of money that might be raised from this action – notwithstanding any possible legal and constitutional concerns - would fit within the purposes of the Act.