Company convicted and fined for failing to comply with a statutory request made by the Pensions Authority
29 June 2016: In Tullamore District Court, on Monday 27 June 2016, O’Grady Crane Hire Limited with a registered address of Ballynowlart, Clonbullogue, Edenderry, Co. Offaly was convicted for failing to comply with a statutory request made by the Pensions Authority pursuant to section 18 of the Pensions Act 1990, as amended. Judge Gearty fined the company €100. Liam O’Grady, a director of the company, was also convicted. The Pensions Authority was awarded costs of €585.
The Pensions Authority’s request sought information and documentation detailing deductions made from employees’ wages for pension scheme contributions and payments made to the pension scheme, as a result of allegations that monies were not being remitted to the scheme.
Commenting on the conviction in this case, the Pensions Regulator, Brendan Kennedy, said, “The conviction today should act as a warning to all employers and company directors that the Pensions Authority treats failure to respond to a request for information by the Authority very seriously. The Authority has a responsibility to enforce this requirement and regards non-compliance as a serious matter.”
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. 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.