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Committee on Education and Social Protection: Select Sub-Committee on Social Protection: Social Welfare and Pensions (No. 2) Bill 2013: Committee Stage (12 Dec 2013)

Joan Burton: ...cost scheme, charges unfortunately have a much lower profile. In particular, for women and relatively low-paid workers accumulating, for example, a relatively modest personal retirement savings account, PRSA, of €100,000, the charges could have a very heavy impact on it and people really do not see this impact until the very end when they have exited. It is something that, as...

Committee on Education and Social Protection: Select Sub-Committee on Social Protection: Social Welfare and Pensions (No. 2) Bill 2013: Committee Stage (12 Dec 2013)

Joan Burton: ...; how contributions are calculated; contributions paid to date and the amounts of any transfers received; and information on benefits from AVCs or funds transferred from another pension scheme or PRSA. Those requirements already exist and I do not believe we need additional legal provision for it. Lawyers would probably argue that this language is clear and people should be told...

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