Warning over Irish contributions holiday
IRELAND - The Irish government has been urged not to take a 'payment holiday' from contributions into the National Pension Reserve Fund (NPRF) due to the worsening economic outlook.
The NPRF was founded in 2001 to fund social welfare and pension obligations after 2025, supported by a legally mandated payment of 1% of GDP a year. Philip Shier, an actuary with Hewitt and president...
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Building Ireland's new pensions regime
Like many other European countries, Ireland has been faced with the question of how to deal with its public sector pension liabilities. However, as the Bill makes its way through Parliament Helen Morrissey assesses whether the proposed changes will prove...
Brendan Howlin: Bringing change to Irish pensions
The Irish government has implemented a raft of contentious changes to its public sector pensions as it looks to reign in costs including raising the pension age and increasing contributions. Helen Morrissey talks to minister for public expenditure and...
Taking a long-term view of Ireland's pensions
The Irish Association of Pension Fund's Jerry Moriarty looks at some of the major policy developments of the past year and asks what impact they will have in the future
Irish pension funds face new risk reserve requirements
IRELAND - Underfunded pension funds will have to meet new risk reserves which could add 10% to its funding requirements and will have the ability to use sovereign annuities under the proposed new funding standard.
Company director convicted for failing to deposit pensions
IRELAND - An Irish construction company director has been convicted for failing to pass on employee pension contributions to the Construction Worker Pension Scheme (CWPS).
