The Pensions Board publishes updated information booklets
Thursday, 12 April 2012: The Pensions Board has published two updated booklets and a new checklist.
News
240 hours community service sentence imposed on construction company director in a prosecution taken by The Pensions Board
15 March 2012: In Navan District Court, yesterday 14 March 2012, Judge McMahon imposed a sentence of 240 hours community service on Sharon Finnegan, a director of Sharon Finnegan Design & Construction Ltd. (In Voluntary Liquidation). Sharon Finnegan pleaded guilty to eighteen offences relating to failure to remit employee pension contributions to the trustee of the Construction Workers Pension Scheme (CWPS) within the statutory time limit. These offences were committed with the consent or connivance or were attributable to the neglect of Sharon Finnegan, as director of the company, Sharon Finnegan Design & Construction Ltd. (In Voluntary Liquidation).
Construction company and directors convicted and fined for failing to comply with a statutory request made by The Pensions Board
10 February 2012: In Killorglin District Court on Thursday 9 February 2012, Judge O’Connor convicted and imposed a fine of €200 on Annadale Construction Limited, a limited liability company with a registered address at Annadale Road, Killorglin, Co. Kerry.
Construction company convicted for deduction and non-remittance of employee pension contributions to the Construction Workers Pension Scheme
Wednesday 8 February 2012: In Baltinglass District Court yesterday on Tuesday 7 February 2012, Judge Connellan convicted and imposed fines totalling €1,500 on T. Duffy Plant Hire Limited, a limited liability company with a registered address at Slievecorragh House, Hollywood, Co. Wicklow, for failing to remit employee pension contributions to the trustees of the Construction Workers Pension Scheme (CWPS) within the statutory time limit, and for failing to comply with a statutory request made by The Pensions Board.
Sovereign Annuity Regulations now in force
Friday 20 January 2012: The Occupational Pension Schemes (Disclosure of Information) (Amendment) Regulations, 2012 were signed into law by the Minister for Social Protection, Joan Burton T.D on 11 January 2012.
The Pensions Act (Register and Database of Certified Policies or Contracts of Assurance) Regulations, 2012 were also signed into law by the Minister for Social Protection, Joan Burton T.D on 11 January 2012.
Update on the re-introduction of funding standard obligations for defined benefit pension schemes
19 January 2012: On 28 October 2011, The Pensions Board announced that it expected to publish revised guidelines for defined benefit schemes in deficit and announce new deadlines by which schemes in deficit must submit a recovery plan to the Board by the end of 2011.
Construction company and directors convicted for deduction and non-remittance of employee pension contributions to the Construction Workers Pension Scheme
Wednesday 18 January 2012: Yesterday, Tuesday 17 January 2012, in Thurles District Court, Judge Lucey convicted and imposed conditional fines totalling €2,000 on EJF Plant Hire Limited Ltd., a limited liability company with a registered address at Parkeen, Graigue, Thurles, Co. Tipperary for failing to remit employee pension contributions to the trustee of the Construction Workers Pension Scheme (CWPS) within the statutory time limit, and for failing to comply with a statutory request made by The Pensions Board.
Annual scheme fees for occupational pension schemes
Wednesday 21 December: Annual scheme fees for occupational pensions schemes are payable by 31 of January for single member schemes and by the 31 March for group schemes.
Consultation on the simplification of defined contribution pension provision
Tuesday 13 December 2011: The Pensions Board has launched a consultation on the simplification of defined contribution pension provision.
Construction company director fined for deduction and non remittance of pension contributions to the Construction Workers Pension Scheme in a prosecution taken by The Pensions Board
5 December 2011: Today, in the Dublin District Court, Judge John Paul McDonald imposed a fine of €7,000 on Michael Wallace, a director of M & J Wallace Ltd (In Receivership) in relation to the deduction and non-remittance of employee pension contributions within the statutory period. Legal costs of €450 were also awarded to The Pensions Board.