Dáil Éireann Debate, Wednesday - 30 April 2014
278. Deputy Willie Penrose asked the Minister for Social Protection the steps that companies who wish to establish in the State have to take in order to comply with the national pension policy; if they are obliged to provide private personal pension schemes to their employees in such a situation; and if she will make a statement on the matter. [18528/14]
View answerPension schemes 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).
In any event, where the employee engages with a pension arrangement facilitated by the employer, the employer will deduct any contributions the employee wishes to make from pay and remit the employee’s contributions to the pension scheme or PRSA provider.
