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Written Answers — Department of Employment Affairs and Social Protection: Departmental Correspondence (9 Sep 2024)

Heather Humphreys: ...No. 128 of 2021 which requires trustees to provide members (active and deferred) with an annual Pension Benefit Statement (PBS) including information in respect of pension projections and costs incurred by the scheme.In relation to PRSAs, standard PRSAs have predetermined charging structures. In a standard PRSA, as per Section 104 of the Pensions Act, total charges are already capped in...

Written Answers — Department of Employment Affairs and Social Protection: Pension Levy (9 Sep 2024)

Heather Humphreys: ...No. 128 of 2021 which requires trustees to provide members (active and deferred) with an annual Pension Benefit Statement (PBS) including information in respect of pension projections and costs incurred by the scheme.In relation to PRSAs, standard PRSAs have predetermined charging structures. In a standard PRSA, as per Section 104 of the Pensions Act, total charges are already capped in...

Written Answers — Department of Employment Affairs and Social Protection: Pension Provisions (2 Jul 2024)

Heather Humphreys: ...the single biggest reform of the pension system in the history of the State. Employees who are not already in an occupational pension scheme or an equivalent pension savings scheme like a PRSA, and who are aged between 23 and 60 years old, and earning over €20,000 across all of their employments, will be automatically enrolled. Employee contributions will be matched by employer...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Heather Humphreys: If a person has a PRSA and it is not deducted through payroll, he or she is automatically put into the AE system, because this is a payroll deduction. AE comes from payroll deduction. We feel that the wording of this section is important. It states that the first standard would be drawn up from a date no later than "the beginning of years 7 to 9." That means that the standard for...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Heather Humphreys: No. If a person is in a PRSA, the majority of PRSAs are not done through payroll deduction. That means that a person has that pension himself or herself. However, that person can also have an automatic enrolment as well. They can go into AE because it is based on payroll deduction. If there is no payroll deduction for any other pension, that person can have AE.

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Heather Humphreys: However, the person can stop paying the PRSA through payroll and then qualify for AE.

Written Answers — Department of Employment Affairs and Social Protection: Departmental Contracts (20 Apr 2023)

Heather Humphreys: ...Details of consultants enlisted by the Pensions Authority in 2022 Javelin Advertising Ltd €62,900 Provision of advertising and media services Anthony Gilhawley €52,293 Framework agreement for technical advisory services - OPS, SSAP, PRSA William Fry €31,536 Provision of legal...

Written Answers — Department of Justice and Equality: Residential Property Prices Register (13 Jul 2021)

Heather Humphreys: .... The PSRA has a dedicated email address for Oireachtas Members to contact them directly with any queries at: info@psr.ie. However, in order to be of assistance to the Deputy, I have asked the PRSA for an update on this matter and they have provided the information set out below. The Residential Property Price Register is produced by the PSRA pursuant to section 86 of the Property...

Written Answers — Department of Justice and Equality: Data Protection (22 Jun 2021)

Heather Humphreys: ...monitors PSPs compliance in accordance with the provisions of the Property Services (Regulation) Act 2011 and its associated Regulations. There is no legislation in place that would allow the PRSA to advise estate agents to request sight of a prospective house buyers exact funds rather than their mortgage approval when arranging viewings or bidding on a property. There are no...

Written Answers — Department of Employment Affairs and Social Protection: Pension Provisions (21 Apr 2021)

Heather Humphreys: The Deputy’s question relates to 'standard private pension products'. In terms of the Pensions Act, 1990, as amended, this refers to standard Personal Retirement Savings Accounts (PRSAs). Personal Pension Plans (PPPs) / Retirement Annuity Contracts (RACs) and other retirement related investment products are regulated by the Central Bank. Any questions with respect to these are...

Written Answers — Department of Employment Affairs and Social Protection: Carer's Allowance (29 Jul 2020)

Heather Humphreys: ...are in place which can allow recipients to take up employment.  Earnings assessed for means testing purposes generally are based on gross earnings, before tax but after PRSI contributions, superannuation/PRSA contributions and trade union subscriptions.  Current disregards for Carer’s Allowance are €332.50 per week for a single person and €665 per week...

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