Results 1-18 of 18 for prsa speaker:Séamus Brennan

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Social Welfare and Pensions Bill 2007: Second Stage (20 Feb 2007)

Séamus Brennan: ...€12,697.38 to €25,000 for an indictable offence. It provides that fines imposed under the Act shall not be paid out of the resources of the scheme or trust RAC, or out of the assets of any PRSA, as the case may be. Part 3 of Schedule 2 to the Bill provides for a number of miscellaneous amendments which are mainly technical in nature, namely, the insertion of two new sections into the...

Written Answers — Pension Provisions: Pension Provisions (12 Dec 2006)

Séamus Brennan: ...payment from the Department to cover the cost of the National Pensions Awareness Campaign, sale of publications and a temporary subvention in respect of the costs of developing and regulating PRSAs. The last mentioned was put in place to cover costs pending the development of an adequate PRSA fee base. The Pensions Board does not maintain statistics on the assets of occupational pension...

Written Answers — Social Welfare Code: Social Welfare Code (23 Nov 2006)

Séamus Brennan: Social welfare legislation provides for PRSI refunds to be made on contributions to a personal retirement savings account (PRSA) or a retirement annuity contract (RAC) where the contributions are paid by an employed contributor i.e. an employee, or a self-employed worker who pays income tax through the PAYE system i.e. a proprietary director. In relation to additional voluntary contribution...

Written Answers — Pension Provisions: Pension Provisions (10 Oct 2006)

Séamus Brennan: ...in occupational and private pension arrangements so that they can, when they retire, maintain their pre-retirement standard of living. These include Personal Retirement Savings Accounts (PRSAs), mandatory employer PRSA access where occupational schemes are not available, and an ongoing National Pensions Awareness Campaign run by The Pensions Board. Because of the lower than average...

Written Answers — Departmental Bodies: Departmental Bodies (30 May 2006)

Séamus Brennan: ..., the Social Welfare Tribunal, and the Family Support Agency. Pensions Board The Pensions Board was established to regulate occupational pension schemes and Personal Retirement Savings Accounts (PRSAs) in Ireland as part of its statutory role to monitor and supervise the operation of the Pensions Act. Under the Pensions Act the functions of the Board are to — monitor and supervise the...

Written Answers — Pension Provisions: Pension Provisions (1 Dec 2005)

Séamus Brennan: ...they can, when they retire, maintain their pre-retirement standard of living. To this end, a range of measures has been introduced in recent 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 occupational and private pensions...

Pension Provisions. (27 Oct 2005)

Séamus Brennan: ...they can, when they retire, maintain their pre-retirement standard of living. To this end, a range of measures has been introduced in recent years, including personal retirement savings accounts, PRSAs, mandatory employer PRSA access where occupational schemes are not available and an ongoing national pensions awareness campaign. On overall occupational and private pensions coverage, CSO...

Pension Provisions. (27 Oct 2005)

Séamus Brennan: ...to include pensions on the agenda of national pay talks and partnership agreements and not focus only on workers' current requirements and pressures. A total of 55,000 people have taken out PRSAs. The number is growing steadily but is well below what it should be. The main reason for the slow uptake is that it is voluntary and employers are required to facilitate taking out a PRSA but not...

Pension Provisions. (27 Oct 2005)

Séamus Brennan: ...State pensions, we do not have a mandatory element. Society may have to make a decision as to what extent it wants to live for today or invest in pensions for tomorrow, either through the PRSI or PRSA system, or directly through the tax breaks system. This is a societal issue which we must address.

Written Answers — Departmental Staff: Departmental Staff (4 Oct 2005)

Séamus Brennan: ...and the self employed comply with the Acts in relation to pay related social insurance contributions. In addition, inspectors monitor employers' compliance with the Pensions Act 1990 in relation to PRSA obligations and notify the Pensions Board where non-compliance in this regard is suspected. Where a non-contributory pension is awarded there is a legal obligation on the recipient to...

Written Answers — Pension Provisions: Pension Provisions (30 Jun 2005)

Séamus Brennan: ...coincide with the implementation of the Pensions (Amendment) Act 2002 which encompassed many of the recommendations of Securing Retirement Income, including personal retirement savings accounts or PRSAs. The Pensions Board runs the campaign on behalf of my Department. The focus of the campaign is to raise awareness about pensions issues with a view to improving overall pensions coverage. A...

Pension Provisions. (30 Jun 2005)

Séamus Brennan: ...they can maintain their pre-retirement standard of living when they retire. To this end, a range of measures has been introduced in recent years including personal retirement savings accounts, or PRSAs, mandatory employer PRSA access where occupational schemes are not available, as well as an ongoing national pensions awareness campaign. CSO figures for the first quarter of 2004 show that...

Written Answers — Pension Provisions: Pension Provisions (24 May 2005)

Séamus Brennan: ...they can, when they retire, maintain their pre-retirement standard of living. To this end a range of measures have been introduced in recent 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 occupational and private pensions...

Written Answers — Departmental Charges: Departmental Charges (17 May 2005)

Séamus Brennan: ...the aegis of my Department, the position is as follows: the pensions board levies fees on the trustees of occupational pension schemes and the providers of personal retirement savings accounts, PRSA. These fees generate an income for the board to fund its regulatory function. The necessary authority to levy these fees is contained in the Pensions Act 1990, as amended, with the actual...

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...

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)

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 with regard...