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Social Welfare, Pensions and Civil Registration Bill 2018: Second Stage (14 Nov 2018)

Willie Penrose: ...always to make workers pay more and to privatise as much of the pension system as possible. A major so-called reform of Irish pensions was the introduction of personal retirement savings accounts, PRSAs. Although they have been in operation since 2003, only 50% of employers provide access to PRSAs and only 4% of employees and 10% of the self-employed are contributing to them. While an...

Written Answers — Pension Provisions: Pension Provisions (18 Oct 2006)

Willie Penrose: ...his views on the proposals of the Irish Association of Pension Funds in relation to the tax on ARF's, that the ARF and AMRF retirement options be extended to direct contribution schemes to protect PRSA holders with lower pension savings while still closing off the loophole for high net worth individuals; and if he will make a statement on the matter. [33104/06]

Pension Provisions. (27 Oct 2005)

Willie Penrose: ...views? Has he given any consideration to the soft mandatory pensions and how they are being reviewed in England? Can the Minister do anything to make the personal retirement savings account, PRSA, more attractive to people? Why did people not take it up despite the fair wind of publicity it received? What was the trigger that caused it to fail so notably? Had it been taken up, the...

Social Welfare and Pensions Bill 2005: Second Stage. (16 Feb 2005)

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...

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...

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