“In Dublin District Court, on Monday 2 November 2015, Judge John O’Neill convicted Amlema Construction Ltd for failing to remit employee pension contributions to the trustee of the Construction Workers Pension Scheme (CWPS), within the statutory timeframe pursuant to section 58A(1) of the Pensions Act, 1990, as amended. The company with a registered address of Unit 5, St Anthony’s Business Park, Ballymount, Dublin 22 was fined €4,000. The directors of the company, Kieran Duffy and Jackie Duffy were also convicted and both were fined €1,500. The Authority was awarded costs of €250.
Amlema Construction Ltd had deducted pension contributions from the wages and salaries of its employees during the period November 2012 to June 2013 for remittance to the trustee of CWPS but had failed to remit the contributions to the trustee within the statutory timeframe.”
The Pensions Authority
The Pensions Authority (“the Authority”) is the statutory body established by the Pensions Act 1990 (“the Act”) to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Social Protection on overall pension policy development. See www.pensionsauthority.ie
Under the Act, the Authority has power to carry out investigations into alleged breaches of the Act and to ensure that trustees, employers, pension administrators and their advisers comply with their obligations to current and former employees in relation to their pension contributions and benefits.