The Irish Government has announced a major reform of future State, private and public service pension provision. The new National Pensions Framework is the result of a comprehensive public consultation process that began with publication of a Green Paper on Pensions in October 2007. It also embraced key proposals in the McCarthy Report and the Report of the Commission on Taxation. (PDF Format)
March 2010
With effect from 1 February 2010, the trustees of a defined benefit scheme which is winding-up in deficit with an insolvent employer can apply to the Minister for Finance to secure pensions under the PIPS scheme introduced in the Social Welfare and Pensions Act 2009. Regulations setting out the process to be adopted, and a guidance note and application forms to be used have been issued. (PDF Format)
February 2010