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Dáil
‹ Order of Business

Defined-benefit pension priorities

Summary

Willie O’Dea questions why the Social Welfare and Pensions Bill omits promised changes to defined-benefit scheme asset priorities. The Tánaiste says the Bill will be available for scrutiny next week.

The Social Welfare and Pensions Bill was published today. As one can see, the central purpose of the Bill is to amend the Pensions Act 1990 to change the current rules for the distribution of assets in the winding up of defined benefit pension schemes. There are no such rules in the Bill, which ignores the problem which is stated to be the central purpose of the Bill.

Comment on this
Seán Barrett An Ceann Comhairle Fine Gael

We cannot discuss the contents.

Comment on this

Is the Government still committed to changing the priority order and, if so, when can we see the appropriate legislation? Why is it not included in this legislation, as was signalled?

Comment on this

The Bill is being published today. My understanding is that it will be in the House next week and I have no doubt Deputy O'Dea will have plenty of opportunities to probe and explore those issues when the Bill is in the House.

Comment on this