Seanad debates

Thursday, 9 October 2003

Adjournment Matter. - Occupational Pension Schemes.

 

In the main, the Act provides for preservation of pension entitlements for members, a minimum funding standard for funded schemes, mandatory disclosure of information to members and more recently personal retirement savings accounts and the Pensions Ombudsman. My understanding is that the issue of compulsory membership of occupational pension schemes arises in the context of an employment contract. The issue being raised therefore relates to employment contract law which does not come within the scope of the Pensions Act and is therefore not a matter for the Department of Social and Family Affairs.

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