High Court determines that the obligation of CIÉ under the rules of a scheme to "support and maintain the solvency of the fund" requires, at a minimum, that contributions satisfy the Statutory Funding Standard (SFS), but that this obligation is subject to review if CIÉ's contributions exceed 3.6 times the contributions payable by members, potentially leading to increased member contributions or reduced benefits, and CIÉ's obligation to contribute to the pension fund is not absolute and must be seen in the context of potential negotiations for a funding proposal under statute; and the court's decision affirms that the scheme must satisfy the SFS, ensuring the provision of sufficient assets to meet liabilities as they fall due, including those mandated by the SFS.
CIÉ (Córas Iompair Éireann) - Pension Scheme - Statutory Funding Standard (SFS) - High Court - Rule 20 - Solvency of Fund - Contributions - Funding Proposal - Pensions Act, 1990 - Actuarial Valuation - Scheme Actuary - Member Contributions - Benefit Reductions - Industrial Relations Process - Transport Act, 1950 - Funding Standard Reserve - Actuarial Funding Certificate - Scheme Amendment