138. Deputy Leo Varadkar asked the Minister for Transport whether he is aware of the recent court judgement on the CIÉ pension scheme; his views on the matter and whether he will now support or oppose an increase in pensions paid. [25149/24]

The case in relation to the rules governing the 1951 scheme are currently subject to ongoing legal proceedings before the Commercial Court. The Hearing commenced on 24 May 2022 for 4 days. While original indications were that a judgement would be expected in the Autumn of 2022, the matter was deferred on multiple occasions, with the judgment being delivered on 19 April 2024.

In his judgement, Mr. Justice Mark Sanfey found that both CIÉ and the 1951 Scheme members were obliged to provide funding to the pension scheme to resolve any solvency issues. Justice Sanfey instructed both sides to consider what orders should be made on foot of the judgment ahead of a hearing date on 14 June 2024. The Department continues to engage with CIÉ, and advisors in NewERA in relation to this matter.

Concerning pension increases for CIÉ pensioners, I understand that an increase for pensioners would only be possible when the Schemes are capable of sustaining such increases. Furthermore, any such proposal would be dependent on the advice of the Scheme Actuary at the time an increase is proposed, and is done in agreement with the Trustees of the Schemes.

Accordingly, I have forwarded the aspect of Deputy's question related to an increase in pension payments for 1951 pension scheme members to CIÉ for direct reply. Please advise my private office if you do not receive a reply within ten working days.