As previously advised, responsibility for the legislation governing the Insolvency Payments Scheme transferred to the Department of Enterprise, Trade & Employment from the Department of Social Protection in October 2020.
Officials in my Department are continuing to work on developing a mechanism through which a competent authority may determine that a state of insolvency arises, without requiring a formal wind-up process, and that monies due to employees may be claimed by them from the Social Insurance Fund.
The Deputy will appreciate there are complex cross-cutting issues involved and legislative amendments will be necessary. I assure you resolving this issue is a priority for the Department.