Pension Provisions

Dáil Éireann Debate, Tuesday - 18 September 2012

Tuesday, 18 September 2012

Questions (807)

Brendan Smith

Question:

807. Deputy Brendan Smith asked the Minister for Social Protection if a register of all pension schemes approved by the Revenue Commissioners exists; and if so, the statutory agency with which such a register is held; if the relevant legislation covering this can be referred to; the Department that is currently responsible for same; and if the register is available to the public and the information headings under which data is published for each scheme. [38666/12]

Written answers

Minister for Social Protection

The Pensions Board maintains a register of occupational pension schemes, all of which are approved by the Revenue Commissioners. In accordance with Section 60 of the Pensions Act 1990, the trustees must register the scheme with the Pensions Board within one year of the commencement date.

The register is not available to the public. However, the Pensions Board will assist scheme members determine the status of their pension scheme should this be required. The Pensions Board, in its annual report, publish details of the total number of registrations within that year along with the accumulated number of schemes and active members since inception. The information includes both defined benefit (subject to the funding standard), defined benefit (not subject to the funding standard) and defined contribution schemes and indicates the range of active scheme membership.