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Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (12 Dec 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors' pension provision is currently being examined by a Community Sector High Level...

Written Answers — Department of Finance: Tax Code (6 Dec 2017)

Paschal Donohoe: I am advised by Revenue that in relation to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs), Part 30 of the Taxes Consolidation Act 1997 provides that individuals may draw down a maximum retirement lump sum of 25% of the accumulated value of their RAC or PRSA generally from age 60, but not later than age 75. For PRSAs linked to occupational pension schemes...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Operation (5 Dec 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (29 Nov 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (23 Nov 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Topical Issue Debate: Pensions Legislation (21 Nov 2017)

Regina Doherty: ...assurance policy with a company or insurance agency that sells life insurance; or transferring the benefits into another arrangement for the provision of retirement benefits such as, for example, a PRSA or a buyout bond. It must be noted that this discretionary provision and the trustees are not compelled to discharge the liability in this way. The wind-up options in section 48(3)(b) are...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (21 Nov 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (16 Nov 2017)

Paschal Donohoe: ...and subject to Revenue and any other relevant regulatory constraints, pensionable public servants may be able to augment their retirement income by contributing to a Revenue-approved AVC Scheme or AVC PRSA, entered into at full cost to themselves with an insurance provider.  Participation in AVC Schemes, some of which are affiliated with trade unions, or an AVC PRSA arrangement is a...

Written Answers — Department of Employment Affairs and Social Protection: Pensions Legislation (16 Nov 2017)

Regina Doherty: ...Purchase of an approved assurance policy with a company or insurance agency that sells life insurance; 3. Transfer the benefits into another arrangement for the provision of retirement benefits (e.g. PRSA). The Taxes Consolidation Act sets out the circumstances in which retirement benefit schemes are to be approved by the Revenue Commissioners for tax purposes. Section 772 sets out...

Written Answers — Department of Employment Affairs and Social Protection: Pension Provisions (8 Nov 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Finance: Pension Provisions (7 Nov 2017)

Paschal Donohoe: ...not commenced) may, depending on the circumstances, transfer the value of those entitlements to a PRB, to another exempt approved occupational pension scheme or to a Personal Retirement Savings Account (PRSA). Preserved benefits are the retirement benefits that a scheme member retains when he or she has completed two years' qualifying service with an employer and has finished their...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (7 Nov 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (26 Oct 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (25 Oct 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Supervisors (17 Oct 2017)

Regina Doherty: ...for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community Sector High...

Written Answers — Department of Finance: Tax Code (11 Jul 2017) See 1 other result from this answer

Michael McGrath: 127. To ask the Minister for Finance the options open to a person with a PRSA contract when drawing down the maximum amount of a tax-free lump sum and-or purchasing an annuity either before the PRSA contract matures or at the date of maturity; the position regarding the person's rights in this regard; and if he will make a statement on the matter. [32132/17]

Written Answers — Department of Finance: Pension Provisions (11 Jul 2017)

Paschal Donohoe: ...legislation may fall foul of the conditions under which a pension scheme was approved by the Revenue Commissioners as an exempt approved scheme or the conditions under which a Personal Retirement Savings Account (PRSA) product received Revenue approval. This could result in the withdrawal of the approval of an occupational pension scheme in accordance with the provisions of section 772(5)...

Written Answers — Department of Social Protection: Community Employment Schemes Supervisors (11 Jul 2017)

Regina Doherty: ...responsible for funding pension arrangements for such employees even where the companies in question are reliant on State funding. It is open to individuals to make provision for a pension by way of PRSA which all employers are obliged to facilitate. Nevertheless, it should be noted that the issue of CE supervisors’ pension provision is currently being examined by a Community...

Joint Oireachtas Committee on Social Protection: Overview of Pensions: Discussion (Resumed) (29 Jun 2017)

...have been telling us that this is coming down the tracks and that it is necessary to re-imagine how we fund the pensions system in order that we have a national third pillar pension or national PRSA, if one will. If it does not mirror the British version, which is a soft opt-out system in which everyone is auto-enrolled and then given the choice to opt out, it will fail because it is much...

Written Answers — Department of Finance: Pensions Data (20 Jun 2017)

Paschal Donohoe: ...the appointment and the fourth scheme was wound up on 16 March 2016. Following the decision to wind up the remaining scheme effective from 11 March 2016, current IBRC employees were offered the opportunity to make contributions to a Personal Retirement Savings Account (PRSA). The employee contributions since the appointment of the Special Liquidators are as follows:...