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Written Answers — Employment Laws: Employment Laws (2 Apr 2008)

Martin Cullen: ...introduced in the Social Welfare Miscellaneous Provisions Act 2004, to enable Social Welfare Inspectors verify that employers had entered into a contract with a Personal Retirement Savings Account (PRSA) provider in cases where the employer does not operate a pension scheme with retirement benefits for employees. Where in the course of employer inspection work, Social Welfare inspectors...

Written Answers — Consultancy Contracts: Consultancy Contracts (22 Nov 2007)

Martin Cullen: ...figures exclude additional voluntary contribution only schemes, death benefit only schemes, frozen schemes and schemes in wind-up. The Board is also responsible for supervising the activities of 10 PRSA providers in relation to approximately one hundred and twenty thousand individual PRSA contracts, with current PRSA assets under management in excess of one billion euro. Given that...

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Martin Cullen: ...campaign and the introduction of personal retirement savings accounts. More than 1 million people now have a personal or occupational pension with about 120,000 of these contributing to a PRSA. I am somewhat disappointed in this figure and we need to review its structure to encourage more people into the system. Despite these major improvements, there are serious concerns for the...

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