641. Deputy Claire Kerrane asked the Minister for Transport when the necessary Statutory Instrument, to give the collective agreement made this year for CIÉ pensioners legal effect; and if he will make a statement on the matter. [59302/26]

As Minister for Transport, I have responsibility for policy and overall funding in relation to public transport. As a commercial semi-state body, Córas Iompair Éireann (CIÉ) are responsible for the provision of pension schemes for their employees.

Following on from the constructive and collaborative approach of the Trade Union Group and CIÉ management in reaching agreement on a pathway forward as of May 2025, my Department, alongside our financial and commercial advisors NewERA, are currently engaging with all relevant stakeholders. This includes CIÉ, the Pensions Authority and the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation on the next steps in progressing the agreement and bringing CIÉ pensions onto a more stable footing for the benefit of active, and retired scheme members, including review of the relevant statutory instruments and the matter of increases to pension payments.

There are several aspects to the Proposal which require dual Ministerial Consent from myself as Minister for Transport, and the Minister of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation. Adherence to the underpinning legislation and the Code of Practice for the Governance of State Bodies as amended by Circular 16/2021 is required. There are a number of stages to this process to give full effect to the Proposal, which includes an increase for pensioners.

Following on from the dual Ministerial review, under the Transport Act, 1950, a statutory public consultation process was required regarding amendments to CIÉ Pension Schemes, where representations from interested parties are currently under review.

Every effort is being made to progress this matter, keeping in line with the appropriate procedures, compliance with all applicable requirements, and necessary approvals as part of the formal process, which is now well underway.