128. Deputy Paula Butterly asked the Minister for Transport the current status of the proposal agreed between CIÉ management and trade unions regarding the future of CIÉ pension schemes; to provide a timeline for the completion of each remaining stage of the approval process, including consideration by his Department, consideration by the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation; the statutory consultation process, and final implementation; and if he will make a statement on the matter. [66753/26]

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 is progressing the agreement of bringing CIÉ pensions onto a more stable footing for the benefit of active, and retired scheme members, including review of the relevant draft Statutory Instruments, and the matter of increases to pension payments.

Under the Transport Act, 1950, a Statutory Consultation process is required regarding amendments to CIÉ Pension Schemes, which took place over the early summer, and representations from interested parties are currently under review.

Every effort is being made to progress this matter at the earliest, 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.