Company convicted and fined in prosecution taken by the Pensions Authority
25 January 2017: In Dublin District Court, on Monday 23 January 2017, Judge John Brennan convicted Southlodge Inns Ltd for failing to remit employee and employer PRSA contributions, within the statutory timeframe pursuant to section 121(3) and section 121(4) of the Pensions Act, 1990, as amended. The company with a registered address of 71-73 Rock Road, Blackrock, Co. Dublin was fined €2,000.
Southlodge Inns Ltd had deducted PRSA contributions from the wages of two employees between July 2014 and February 2015 for remittance to the PRSA provider, New Ireland Assurance but had failed to remit the contributions within the statutory timeframe. The company had also failed to pay employer contributions as agreed under PRSA contracts for the same period. These combined amounts of €5,444 remain outstanding.
Commenting on the conviction in this case, the Pensions Regulator, Brendan Kennedy, said, “This conviction should act as a warning to all employers and company directors that the Pensions Authority treats the failure of the employer to remit pension contributions as a very serious offence. We advise any employer with outstanding pension contributions to immediately regularise their position.”
For further information, contact:
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The Pensions Authority
Tel (01) 6131900
Note to Editors
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. 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.