Information for employers

Occupational pension schemes, or company pensions as they are sometimes known, are set up by employers to provide retirement and death benefits for their employees. There is no legal obligation on an employer to set up an occupational pension scheme.

If an employer sets up an occupational pension scheme for their employees, the employer has a number of obligations that they must fulfil 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).  An employer which is obliged to provide PRSA access in this way must fulfil a number of additional specified requirements, including certain remittance and disclosure obligations.

Details on employer obligations and information in relation to the types of pension plans you can set up for your employees - occupational pension schemes and PRSAs - are available under 'Pension guides'.

Other relevant information relating to employer obligations, under the Pensions Act 1990 and the corresponding regulations, is also accessible under the navigation bar of this page.