Pensions: Government will not back law giving retirees right to challenge 'pension raids'

Law would have given retired people a right to negotiate with former employers when their accrued benefits could be impacted by changes to their pension pot

As it's a private members bill involving public expenditure, the law needs a 'money message' to proceed — but the Department of Enterprise says the minister will not recommend that measure to the Government. Picture: iStock 

The Government has refused to endorse proposed laws to give retired people greater rights against “raids” to their pension schemes.

First proposed five years ago by then People Before Profit TD Bríd Smith, the proposed legislation would enable retired persons negotiate with their former employers when their pension schemes may be impacted by changes that would affect their accrued benefits, when trade unions are in talks with employers.