Number 49 of 2013

An Act to amend and extend the Social Welfare Acts; to amend and extend the Pensions Act 1990; to make additional provision for the discharge of the liabilities in the winding up of certain occupational pension schemes and to provide for the discharge of liabilities of such schemes where employers are insolvent on or before the date of the wind up of such schemes; to provide for the payment, in certain circumstances, by the Minister for Finance of moneys to secure the discharge of certain liabilities in respect of certain occupational pension schemes that are being wound up where certain employers are insolvent on or before the date of the wind up of such schemes; to make additional provision for the restructuring of certain occupational pension schemes and for that purpose to provide for the reduction in the benefits being paid to certain persons under such schemes; and to provide for related matters.

[25th December, 2013]

Be it enacted by the Oireachtas as follows: