Company director convicted and fined in prosecution taken by the Pensions Authority

23 June 2015: In Cork District Court, on Wednesday 17 June 2015, Neil O’Shea, a director of O. S. Sheetmetal Ltd (In Liquidation) with an address of 6 Firgrove Lawn, Bishopstown, Cork pleaded guilty to failing to comply with a statutory request made by the Pensions Authority pursuant to section 18 of the Pensions Act 1990.

The request sought information and documentation detailing deductions made from employees’ wages for pension scheme contributions and payments made to the trustee of the pension scheme, the Construction Workers Pension Scheme (CWPS), as a result of allegations that monies were not being remitted to the trustee. Judge King convicted and fined Mr O’Shea €500.

-Ends-

For further information, contact:

David Malone
Head of Operations and Communications
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. 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.

The Authority’s powers allow it to conduct on-site visits without notice, seize and copy relevant documents; enter dwellings on foot of a warrant, and to prosecute any person that contravenes the provisions of the Act.