Dáil Éireann Debate, Thursday - 10 April 2025
134. Deputy Pat Buckley asked the Minister for Transport to outline his intention to sign a Statutory Instrument on behalf of the 51 CIÉ superannuation scheme; and if he will make a statement on the matter. [18192/25]
View answerFrom 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.
My Department is engaged with financial advisors at NewERA, the Pensions Authority, and the Department of Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation on the matter of bringing CIÉ pensions onto a more stable footing for the benefit of active, and retired scheme members.
