Written answers

Wednesday, 13 January 2021

Department of Transport, Tourism and Sport

Pension Provisions

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Social Democrats)
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139. To ask the Minister for Transport, Tourism and Sport if his attention has been drawn to the concerns of the Córas Iompair Éireann pension committee regarding the restructuring of pension benefits for the 1951 superannuation scheme; if legal and actuarial documentation and clarifications sought on behalf of the scheme’s pensions committee have been withheld from the legal advisers of the scheme; the steps he is taking to address these concerns and the funding shortfall in the pension scheme; and if he will make a statement on the matter. [44931/20]

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party)
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As Minister for Transport, I have responsibility for policy and overall funding in relation to public transport in Ireland. 

The CIÉ Group has two pension schemes, namely the Regular Wages Scheme (“RWS”) and 1951 superannuation scheme (“1951 Scheme”). 

Concerning the 1951 scheme, I understand that proposals related to the scheme were referred to the Labour Court, and a recommendation which emerged on 23rd November 2020 is currently being considered the Trade Unions and has been approved by the Company. Issues in relation to CIÉ pension schemes are primarily a matter for the trustees of the schemes, the CIÉ Group and their employees.  

In view of the above, I have referred the Deputy’s question to CIÉ for direct reply. Please advise my private office if you do not receive a response within ten working days.

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