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CIÉ Pensions update

3 July 2019

The TSSA along with the rest of the Trade Union Group (TSSA, SIPTU, Connect, NBRU & UNITE) meet with the company at the WRC Monday 1 July to discuss the ongoing issues facing the pension scheme.

 As part of the discussions the company tabled a set of proposals on the 1951 scheme that were unacceptable to the trade unions. It was then agreed under the auspices of the WRC that if we are to have any progress on this issue that we agree a framework for discussions, below is the  CIE/TUG terms of reference that will cover our ongoing discussions going forward.

  • The parties agree that the TUG and CIE will engage for a focused period of time with a view to developing a set of proposals for both pension schemes which will be provided to TUG scheme members and all stakeholders (the optimal completion of this body of work will be the last quarter of 2019)
  • The necessary actuarial support will be provided to the TUG for the duration of the above engagement.
  • The parties agree that no preconditions shall apply to the content of any proposal forwarded by any party
  • the above process shall be conducted under the auspices of the WRC

During the meeting at the WRC the company confirmed that the proposal from the 1951 Pensions committee has not been agreed by the company and that other stakeholders CIE Board, Dept of Transport and Dept of Public Expenditure and Reform have also failed to sign up to the committee proposal.

 

As part of the Terms of Reference we insisted that “the parties agree that no preconditions shall apply to the content of any proposal forwarded by any party” it is important as we move into this phase of discussions that we keep all possible options available to us.

 

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