Pension Law Advice Solicitors Dublin
Pensions Law in Ireland is governed by the Pensions Act 1990 (as amended) and related regulations. There are obligations on both employers and employees in respect of pension schemes.Occupational pension schemes, or company pensions are set up by employers to provide retirement and death benefits for their employees so there is no legal obligation on an employer to set up an occupational pension scheme.
Occupational Pension Scheme Obligations
If an employer does decide to set up an occupational pension scheme for their employees, they must fulfill a number of obligations in order to be compliant with the relevant legislation and regulations.
If an employer does not operate an occupational pension scheme or if certain restrictions apply to their scheme, by law they must ensure that their employees have access to at least one Standard Personal Retirement Savings Account (PRSA).
Financial Services And Pensions Ombudsman
The Financial Services and Pensions Ombudsman has the power to investigate and determine complaints concerning disputes of fact, law and errors in relation to occupational and other pension schemes.
Tully Rinckey employment law solicitors can assist businesses in the event of pension disputes as well as all other pension matters and provide valuable solutions with the goal of achieving the best possible outcome for the employer.