David Cullinane (Waterford, Sinn Fein)
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233. To ask the Minister for Social Protection to outline the compensation he is putting in place for former workers at a company (details supplied) with unpurchased pensionable years as part of their overall compensation package; the details of such compensation; the way in which and when it will be paid; and if he will make a statement on the matter. [38500/16]

Leo Varadkar (Dublin West, Fine Gael)
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I do understand that the members concerned are anxious that these matters are settled in a timely manner. I want to reassure the Deputy that it is my intention to try and resolve the outstanding issues in relation to the company’s pension schemes as quickly as possible but unfortunately the issues involved are quite complex and are taking time to tease through. Officials of my Department are currently examining all options available and are in advanced discussions with the mediator of the settlement to facilitate a resolution that is both in keeping with applicable law and public financial procedures. Every effort is being made to bring this to a conclusion as soon as possible.

I hope that this clarifies the matter for the Deputy.