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Pension Provisions

Dáil Éireann Debate, Wednesday - 15 April 2026

Wednesday, 15 April 2026

Ceisteanna (194)

John Clendennen

Ceist:

194. Deputy John Clendennen asked the Minister for Transport further to Parliamentary Question No. 290 of 3 March 2026, in relation to CIE pensions, if consideration will be given to the backdating of the agreed pension payment increase; and if he will make a statement on the matter. [27617/26]

Amharc ar fhreagra

Freagraí scríofa

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, 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.

Decisions regarding the administration of pension increases are ultimately a matter for the CIÉ Board as informed by actuarial advice and are subject to requirements imposed by statute and scheme rules. Accordingly, I have referred the Deputy's question to CIÉ for further information. Please advise my private office if you do not receive a reply within ten working days.

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