Written answers

Wednesday, 17 September 2014

Department of Social Protection

Pensions Legislation

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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58. To ask the Minister for Social Protection if changing the name of the Pensions Board to the Pensions Authority in March 2014 directly or indirectly amended statements made to Dáil Éireann, details supplied, by the then Minister for Social Welfare, Dr. Woods, on Second Stage of the Pensions Bill on 29 May 1990, Debates Vol. 399, No. 3. [33103/14]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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The Pensions Authority was launched 7thMarch 2014 under S.I. No. 103/2014 - Social Welfare and Pensions (Miscellaneous Provisions) Act 2013 (Sections 22(b), 26, 27, 28, 29 and 34) (Commencement) Order 2014.

The name change from the Pensions Board to the Pensions Authority did not directly or indirectly amend the statements recited in this PQ, which were originally made to Dáil Éireann at the second stage of the Pensions Bill on 29 May 1990 (Debate Vol. 399 No. 3).

The Pensions Authority retains all of the Pension Board’s functions under the Pensions Act, such as to inspect and investigate schemes and to prosecute offences. All references to the Pensions Board in the Pensions Act 1990 are to be read as references to the Pensions Authority.

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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59. To ask the Minister for Social Protection if she will confirm that a statement, details supplied, made by the legal unit of the Pensions Board in its presentation on pensions law to the Ballymun Community Law Centre on Thursday, 18 July 2013, remains valid following the change in name of the Pensions Board to the Pensions Authority in March 2014. [33104/14]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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The Pensions Authority was launched 7th March 2014. The statement made in the presentation to the Ballymun Community Centre that “The Pensions Board is the regulator of pension schemes. They supervise compliance with the Pensions Act. They have the power to inspect and investigate pension schemes to ensure that they are complying with their statutory obligations” continues to be a valid statement following the change of name of the Pensions Board to the Pensions Authority.

All of the statutory functions and powers of the Pensions Board (including the exercise of specific function and power set out in the italicised statement) are retained by the Pensions Authority.

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