Dáil Éireann Debate, Thursday - 21 May 2026
188. Deputy Michael Murphy asked the Minister for Transport the current status of the proposed increase to the CIÉ salaried staff pension scheme; the stage the matter is currently at; if all necessary approvals will be completed in time for consideration at the June 2026 CIÉ board meeting; and if he will make a statement on the matter. [38628/26]
Amharc ar fhreagraAs 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.
