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Written Answers — Pension Provisions: Pension Provisions (19 Apr 2005)

Séamus Brennan: ..., when they retire, maintain their pre-retirement standard of living. To this end, a range of measures have been introduced over the last few years including personal retirement savings accounts, PRSAs, mandatory employer PRSA access where occupational schemes are not available and an ongoing national pensions awareness campaign. In terms of overall supplementary pensions coverage, CSO...

Written Answers — Fiscal Policy: Fiscal Policy (8 Mar 2005)

Brian Cowen: ..., with effect from 15 September 2003, any employer whose employee pension arrangements do not include an AVC facility to offer access to at least one standard personal retirement savings account, PRSA, to be used for AVC purposes, that is, the topping up of the pension benefits. Even if an AVC facility is provided under the rules of an employer's occupational pension scheme, an employee...

Seanad: Social Welfare and Pensions Bill 2005: Second Stage. (2 Mar 2005)

Séamus Brennan: ...is under-funded; an increase, from €4,000 to €10,000, in the transfer value in respect of which a certificate comparing potential benefits from the occupational pension scheme to those from the PRSA will not be required and an increase from 15 days to 30 days in the cooling off period required when taking out a PRSA contract, which is in line with the period provided for in distance...

Written Answers — Pension Provisions: Pension Provisions (23 Feb 2005)

Séamus Brennan: ...maintain their pre-retirement standard of living at a reasonable level. To this end a range of measures have been introduced over the last few years including personal retirement savings accounts, PRSAs, mandatory PRSA access where occupational schemes are not available, and an ongoing national pensions awareness campaign. At the end of December 2004, some 46,237 PRSA accounts were open...

Social Welfare and Pensions Bill 2005: Second Stage. (16 Feb 2005) See 1 other result from this debate

Willie Penrose: ..., the proportion of the workforce with pension cover has barely inched up from 51.2% to 52.4%, an imperceptible increase. It is clear from the pensions board figures that in a great many cases, the PRSA pension plan offered to workers remains an empty shell; there have been no employers' contributions and no take-up by workers. It should have been clear from the outset that placing a...

Seanad: Social Welfare (Miscellaneous Provisions) Bill 2004: Second Stage. (23 Mar 2004) See 1 other result from this debate

Maurice Cummins: ...for the purpose for which it is intended. As our population ages, successive Governments have been making provision for the increasing numbers in the pension age group over the next 20 years. The PRSA scheme has been put forward as the main solution to the pension problem. While it is early days yet to have any definite news on the uptake, I ask the Minster to indicate the compliance of...

Written Answers — Pension Provisions: Pension Provisions (3 Feb 2004)

Willie Penrose: Question 535: To ask the Minister for Social and Family Affairs the necessary steps she will take to refund PRSI and health levies to PRSA contributors who pay direct to PRSA providers as distinct from contributors through payroll deduction, as provided in the Pension (Amendment) Act 2002, as such direct contributions are losing out financially due to the Department's failure to put in place...

Seanad: Order of Business. (4 Jul 2003)

Sheila Terry: ...day of the Pensions Board, the Minister for Social and Family Affairs, Deputy Coughlan, stated she would not interfere in the matter as the event had been paid for by the occupational scheme and PRSA providers. Therefore, she said, the taxpayer had not paid for it. I ask the Leader again to raise the matter with the Minister. I have been contacted by many pension plan holders who have...

Seanad: Protection of Employees (Fixed-Term Work) Bill 2003: Second Stage. (29 May 2003)

...who exclude employees from their pension scheme, or who limit eligibility for a scheme, must, from 15 September 2003, provide access to at least one standard personal retirement savings account – PRSA.

Seanad: Social Welfare (Miscellaneous Provisions) Bill 2003: Second Stage. (25 Mar 2003)

...to ensure that a person whose life assurance policy is designed to provide for a pension will be advised of the financial consequences of cancelling or reducing it in favour of taking out a PRSA. This is standard practice when an insurance policy replaces in part or in whole another insurance policy and is designed to avoid any potential for misselling. The broad powers vested in the...