Ciara Conway (Waterford, Labour)
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122. To ask the Minister for Finance if it is the case that a person (details supplied) in County Waterford could stand to lose their pension as is outlined; if an alternative to this is being considered; if an alternative measure will be implemented; the options open to this employee to prevent a loss of pensions' savings; and if he will make a statement on the matter. [23264/13]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware the pension arrangements for the staff of Permanent TSB are a matter for the management of that company and for the trustees of the relevant pension schemes. The development of alternative proposals would also be a matter for the company and the trustees. It would not be appropriate for me to comment on the implications for an individual arising out of any proposed restructuring by Permanent TSB of its defined benefit pension schemes. I understand that a proposal by the company to the trustees in relation to the defined benefit pension schemes may be referred to the Labour Court which is a matter for the interested parties.