In a letter marked “confidential” to the trustees and the pensions committee of CIÉ’s 1951 superannuation scheme on Tuesday, the Pensions Authority said the scheme was not compliant with legislation governing pensions. Members of the scheme are currently balloting on Labour Court proposals aimed at dealing with the deficit. “The authority has not received any of these and the scheme continues to be non-compliant with the Act. The Pensions Authority said it had never made any unilateral direction regarding the reduction of benefits of a scheme under section 50 of the legislation. CIÉ said on Thursday on foot of queries from The Irish Times that it was “ in receipt of correspondence from the Pensions Authority”.

Source: The Irish Times April 29, 2021 14:37 UTC