Minister Hanafin launches Pensions Board Annual Report 2008
Trustees and employers have to focus as a matter of urgency on producing funding proposals that are viable and sustainable over the long term.
News
Pension Board Seminars 2009
The Pensions Board is hosting a series of pension information seminars to explain recent changes in pension legislation.
Timetable for submission of funding proposals
Last September, the Pensions Board granted a six month extension to the deadline for defined benefit schemes to submit funding proposals for approval. For some schemes, this extended period expires at the end of June, 2009.
Eurostat requirements – duties of registered administrators, trustees of small trust RACs and administrators of public service pension schemes
Regulation (EC) No 2056/2002 of the European Parliament and of the Council of 5 November 2002 amending Council Regulation (EC, Euratom) No 58/97 concerning structural business statistics requires all EU member states to furnish specified information to Eurostat. For pension schemes and trust RACs the required information includes details of the scheme type, benefits, status, membership, fund value and contributions and benefits.
Moves to ease pressures on defined benefit pension schemes
Mary Hanafin TD, Minister for Social and Family Affairs today announced further changes to the rules governing defined benefit schemes to enable them to better cope with recent investment losses. As outlined in the attached press release from the Department of Social and Family Affairs, The Pensions Board will publish technical details of the revisions in early January.
Bench warrant issued for arrest of construction company director on foot of Pensions Board prosecution
Wednesday 24 September 2008: The Pensions Board brought a prosecution against Limestone Construction Limited, a company incorporated in Ireland and with a registered address at 2 Kilreesk Lane, St Margarets, Co Dublin. The Board also prosecuted Colm McNulty, a director of the Limestone Construction Limited, who also gives his home address as 2 Kilreesk Lane. The case was heard by Judge David McHugh in the Dublin District Court, Court 49, Dolphin House, East Essex Street, Dublin 2
MINISTER HANAFIN LAUNCHES PENSIONS BOARD ANNUAL REPORT 2007
Today the Minister for Social and Family Affairs, Ms. Mary Hanafin TD, formally launched The Pensions Board, Annual Report and Accounts 2007.
Sample forms for Registered Administrators
With effect from 1 November 2008 the trustees of every scheme, including large trust RAC schemes, must appoint a registered administrator to provide various services to the scheme known as “core administration functions”.
33% Of Those Working In The Hospitality Sector Do Not Know What Their Major Source Of Income Will Be In Retirement
Wednesday 7 May 2008: 33% of staff working in the hotel and restaurant sector do not know what their main source of income will be in retirement, according to Mr. David Malone, Head of Information Services, The Pensions Board.
Pensions Board Calls on Employers and Employees to Engage with Pensions during Pensions in the Workplace Day
Wednesday 30 April 2008: “All employers and employees are being encouraged to discuss pension options in the workplace tomorrow, during Pensions in the Workplace Day.” according to Mr. Brendan Kennedy, Chief Executive of The Pensions Board speaking at the launch by the Minister for Social and Family Affairs, Mr. Martin Cullen TD, of Pensions in the Workplace Day, the first day of the National Pensions Action Week 1- 7 May, at Government Buildings.