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Public Sector Pensions

Dáil Éireann Debate, Tuesday - 25 June 2024

Tuesday, 25 June 2024

Questions (110)

Cormac Devlin

Question:

110. Deputy Cormac Devlin asked the Minister for Transport to provide an update on efforts to resolve the on-going issues surrounding the Córas Iompair Éireann 1951 pensions scheme; and if he will make a statement on the matter. [26803/24]

View answer

Written answers

From the outset I would like to clarify that I as Minister for Transport, have responsibility for policy and overall funding in relation to public transport. Issues in relation to CIÉ pension schemes are primarily a matter for the trustees of the pension schemes, the CIÉ Group and their employees.

Under the Transport Act 1950, CIÉ have initiated the statutory process by submitting an amending scheme to the Minister for Transport for review.  The amending scheme is subject to Ministerial approval, and requires a statutory public consultation process, where any representations from interested parties will be considered. I may therefore confirm, modify, or reject an amending scheme in accordance with the process set out under the Transport Act.

CIÉ, in conjunction with their legal advisors, has prepared and submitted draft S.I.s to the Department of Transport to give effect to the labour court recommendations for the 1951 Scheme, as passed by a ballot of trade union members in May 2021.

These drafts are currently being considered by the Department of Transport and advisors in NewERA. Once the draft S.I.s are finalised, they will be submitted to the Minister for consideration and pending receipt of the Minister’s approval, CIÉ will commence the statutory public consultation process on the draft S.I.s.

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