Dáil Éireann Debate, Tuesday - 18 December 2012
302. Deputy Michael Moynihan asked the Minister for Social Protection in view of the fact that a company (details supplied) has purchased smaller companies, if the employees of those smaller companies have been allowed to enter the Mercier pension. [56311/12]
View answerPension scheme in Ireland are generally set up on a voluntary basis and arrangements for access to a scheme would generally be a matter for negotiations between the employers, employees and trade unions. Where an employer does not provide employees with access to an occupational pension scheme within six months of the commencement of employment, then the employer must provide the employee with access to a Personal Retirement Savings Account (PRSA). The employer’s obligations in this regard are to make a PRSAs available to the member, to deduct any contributions the employer wishes to make from pay and remit the employee’s contributions to the PRSA provider.
