IRELAND - An Irish construction company director has been convicted for failing to pass on employee pension contributions to the Construction Worker Pension Scheme (CWPS).
Judge Kelly imposed fines on John Dolan totalling €1500 ($2084) for failing to remit employee pension contributions to the trustees of the CWPS within the statutory time limit and for failing to comply with a statutory request made by The Pensions Board. John J Dolan Scaffolding Limited, which is in liquidation, was also convicted and fined a sum of €3,000 for the same offences.
This brings the total amount recovered for the CWPS to €4.5m. There are currently 192 Construction Worker Pension Scheme (CWPS) cases under active investigation according to the Board.
Since the decline of the construction sector in 2007, The Pensions Board has had 465 similar cases related to the construction industry reported to it.
The Pensions Board head of information, David Malone said: "There are cases where people did deduct the money, didn't pay it over and used the money to keep the business rolling. That's an ongoing challenge, but it's in breach of the pensions act. Our overriding priority is to get the funds returned to the schemes. If they enter into a payment schedule, then that's the primary issue solved."
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