Waterford senator, David Cullinane, has said he notes with great interest the part of Minister for Finance, Michael Noonan’s budget speech yesterday, where he said he will introduce an additional levy on pension funds at 0.15%.
“The minister said he was ‘doing this to continue to help fund the Jobs Initiative and to make provision for potential State liabilities which may emerge from pre-existing or future pension fund difficulties.’
“The former Waterford Crystal workers took a case to the EU Court of Justice to seek compensation for the loss of their pensions. They won that case and now it is up to the minister to ensure that they get their pension entitlements.
“I am calling on Minister Noonan to include provision for the payment of the former Waterford Crystal workers in the forthcoming social welfare bill. They have waited long enough.”