Defined benefit pension legislation
Róisín Shortall asked when promised protections against solvent employers closing defined benefit schemes would be introduced. The Minister for Employment Affairs and Social Protection said the legislation was tabled for the following Thursday week.
It is some considerable time since the Minister for Employment Affairs and Social Protection promised to introduce legislation to prevent companies which are solvent, such as Independent News and Media, INM, from closing down their defined benefit pension schemes but we have not seen that legislation yet. Can we expect it before the summer recess and what is the reason for the delay?