Bríd Smith (Dublin South Central, People Before Profit Alliance)
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286. To ask the Minister for Employment Affairs and Social Protection the number of times and the schemes involved in which the Pension Authority issued a section 50 order under the Pensions Acts to reduce benefits to ensure a scheme stays within the minimum funding standard for defined benefit schemes since 2010. [27288/21]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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Whilst my Department is responsible for the legislation in this area, the issuance of Section 50 Directions are a matter for the Pensions Authority which is the independent body responsible for the regulation of occupational pensions in Ireland.

As the Deputy can appreciate, neither I as Minister nor the Pensions Authority can comment on individual schemes.

However, I am advised by the Authority that it has made 136 Section 50 Directions since 2010.

I trust this clarifies matters for the Deputy.