Eurostat requirements – duties of registered administrators, trustees of small trust RACs and administrators of public service pension schemes
Thursday 5 June 2008: See the 'Registered Administrators' section of the website for updated information on the requirements for registered administrators to provide 'Annual scheme information'.
Regulation (EC) No 2056/2002 of the European Parliament and of the Council of 5 November 2002 amending Council Regulation (EC, Euratom) No 58/97 concerning structural business statistics requires all EU member states to furnish specified information to Eurostat. For pension schemes and trust RACs the required information includes details of the scheme type, benefits, status, membership, fund value and contributions and benefits. This statistical information corresponds closely to the information required for the preparation of scheme annual reports. The relevant statistical information must be furnished in respect of each scheme and trust RAC to the Board annually within 9 months of the scheme year end for scheme years commencing on or after 1 January 2008. The onus to furnish this information to the Board is placed on the registered administrators in respect of the schemes and trust RACs for which they are responsible. In the case of small trust RACs, the trustees will be responsible and in the case of public service schemes the administrators will be responsible.
The Pensions Board has published a sample Eurostat form for information and can be viewed below. This form is for illustrative purposes only and should not be completed in or submitted to the Board at this point in time.
The Eurostat requirements will be included in the Disclosure Amendment Regulations Schedule J due to be commenced 1st November 2008.