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Pension Provisions

Dáil Éireann Debate, Wednesday - 19 January 2022

Wednesday, 19 January 2022

Questions (879)

Carol Nolan

Question:

879. Deputy Carol Nolan asked the Minister for Social Protection if she will investigate the case of a person (details supplied) who wishes to access their pension contributions following the discontinuation of the pension scheme established by their former employer; and if she will make a statement on the matter. [63098/21]

View answer

Written answers

The Deputy will appreciate that I cannot comment on matters relating to individual pension schemes.  My Department does not have any role in respect of the payment of pension benefits from occupational pension schemes to members or former members of such schemes.

The Pensions Authority is the statutory body responsible for the regulation of occupational pension schemes, trust RACs and Personal Retirement Savings Accounts (PRSAs) in Ireland under the Pensions Act, 1990, as amended.

The governance of an individual pension scheme is generally a matter for the trustees of that scheme.  Trustees are responsible for the payment of pension benefits to members or former members of a scheme.  Accordingly, scheme members or former scheme members should contact the trustees of the relevant scheme in the first instance in respect of the payment of benefits payable from the scheme.

In the event that the person concerned does not have contact information for the trustees of the scheme, or if he is not satisfied with the response he has received to date from the scheme trustees, he may also refer this issue to the Pensions Authority for its attention.  The Pensions Authority may be contacted by email at info@pensionsauthority.ie  or by phone at 01-613 1900 or by post at The Pensions Authority, Verschoyle House, 28-30 Lower Mount Street, Dublin 2, D02 KX27.

I trust this clarifies the matter for the Deputy.

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