Willie Penrose (Longford-Westmeath, Labour)
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375. To ask the Minister for Social Protection if she will take steps to review the rules applicable to pension payments, whereby in a pension fund wind up situation, existing pensioners retain their full entitlements, but workers who had not yet retired, lose virtually all of their entitlements; if she will ensure that such workers are properly catered for in wind up situations; and if she will make a statement on the matter. [23048/13]

Joan Burton (Dublin West, Labour)
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The issue of how the assets of a pension scheme are distributed on the wind-up of a pension scheme is a sensitive and complex issue and one which requires careful consideration before any change is made to the current provisions.

My officials have undertaken a detailed review of this matter. This review involved consultation with all stakeholder representatives and the engagement of consultants to advise on the matter. This review has now been completed and the outcome of the review is being considered at present.