202. Deputy Willie O'Dea asked the Minister for Transport if he will consider not signing any amending Statutory Instrument changing the benefits of members of the CIÉ 1951 scheme given that the 1951 committee of trustees' independent actuary has confirmed that the 1951 scheme now meets the minimum funding standard provisions of the Pensions Act 1990 and is solvent; if he will ask CIÉ to provide a detailed explanation, including all of the outstanding information sought by the statutory 1951 scheme committee of trustees in respect of the alleged failure of the CIÉ Board to act in a timely manner in relation to investment decisions from the end of March 2020 to 13 May 2020, which lead to an as yet unspecified financial loss to the pension scheme it was responsible for; and if he will make a statement on the matter. [10087/23]

Summary

202. Deputy Willie O'Dea asked the Minister for Transport if he will consider not signing any amending Statutory Instrument changing the benefits of members of the CIÉ 1951 scheme given that the 1951 committee of trustees' independent actuary has confirmed that the 1951 scheme now meets the minimum funding standard provisions of the Pensions Act 1990 and is solvent; if he will ask CIÉ to provide a detailed explanation, including all of the outstanding information sought by the statutory 1951 scheme committee of trustees in respect of the alleged failure of the CIÉ Board to act in a timely manner in relation to investment decisions from the end of March 2020 to 13 May 2020, which lead to an as yet unspecified financial loss to the pension scheme it was responsible for; and if he will make a statement on the matter. [10087/23]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Pension Provisions

  xml · EN · 28 February 2023

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.