I propose to take Questions Nos. 195, 196, 197, 198, 199 and 226 together.
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. Any correspondence received by my Department in relation to CIÉ Pension Schemes will be processed via the Department's central eCorrespondence system, with replies issued by officials in due course.
Regarding the recent engagement between CIÉ and the Trade Union Group (TUG) on the matter of the CIÉ Pension Schemes, the Department acknowledges the longstanding tradition within CIÉ of ensuring that terms and conditions of employees, which include pension provision, are negotiated collectively with recognised Trade Unions.
I welcome the constructive and collaborative approach of the Trade Union Group and CIÉ management in reaching agreement on a pathway forward, which is aimed at balancing the objectives of supporting the future sustainability of the schemes, protecting existing benefits for members of the scheme (including pensioners), and contributing to the overall financial stability of the CIÉ Group.
I acknowledge the positive outcome from the ballot held on the CIÉ Pension Proposal for both Schemes, which was agreed by CIÉ and the TUG in May of this year.
In line with the appropriate processes and compliance with all applicable requirements, my Department will continue to engage with CIÉ as well as financial advisors at NewERA, 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.
Decisions regarding pension increases are ultimately a matter for the CIÉ Board as informed by actuarial advice and is subject to requirements imposed by statute and scheme rules. Accordingly, I have referred this aspect of the Deputy's question to CIÉ for direct reply. Please advise my private office if you do not receive a reply within ten working days.