Dáil Éireann Debate, Tuesday - 3 March 2026
290. Deputy John Clendennen asked the Minister for Transport the latest actuarial assessment of the CIÉ pension schemes; the projected funding shortfall, if any; the measures being considered to ensure long-term financial sustainability; the expected timeline for decisions on the future structure and funding of these pensions; and if he will make a statement on the matter. [16427/26]
View answerAs 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.
My Department and all relevant stakeholders are endeavouring to achieve the same 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.
In light of the CIÉ’s responsibility for the provision of pension schemes for their employees, I have forwarded the Deputy's queries to the CIÉ for direct reply. Please advise my private office if you do not receive a response within ten working days.
