FÁS announces introduction of pensions information for all future trainees

Over 90,000 people to benefit from pensions information each year

Friday 13 May 2005: FÁS, the Training and Employment Authority has announced that it will be introducing a pensions module as part of its training for all future trainees. FÁS will be working with The Pensions Board on the design of pension information for its training courses. The announcement comes as part of National Pensions Action Week.

FÁS conducts over 900 training courses in areas such as IT, construction, catering, childcare and retail. In 2004 in excess of 90,000 individuals participated in FÁS programmes. FÁS has a staff complement of almost 2,400 people and a network of over 64 Employment Services Offices and 20 Training Centres throughout the country.

Commenting on the development, Anne Maher, Chief Executive, Pensions Board said: “We’re delighted that FÁS will be including a pensions module for all their future trainees. Last year 90,000 participated in FÁS courses so this is a very significant development in the battle of increasing pension coverage, specifically amongst the key target sector of 25 – 35 year olds. Today is ‘Pensions Adequacy Day’ and it’s only through starting a pension early that people can ensure they have adequately prepared for their retirement. We believe that initiatives such as this will encourage adequate pension take-up by trainees and graduates throughout Ireland.”

Discussing the National Pensions Action Week campaign, Rody Molloy, Director General, FÁS said: “FÁS fully supports the objectives of the campaign and will introduce Pension Awareness Information as part of the induction programme that all trainees receive in FÁS Training Courses and on all FÁS programmes.”

National Pensions Action Week runs from May 9 – 15 and The Pensions Board is calling on people to take action to secure their income in retirement. During the week people can get information from the Pensions Board website www.pensionsboard.ie where there is a sample calculator to help work out the individual’s pension needs.

About FÁS

FÁS was established in January 1988 under the Labour Services Act 1987. Its functions include the operation of training and employment programmes, the provision of an employment & recruitment service and an advisory and support service for businesses.

In 2004 in excess of 90,000 individuals participated in FAS programmes. Over 107,000 industry vacancies were processed. FÁS staff conducted over 98,000 career guidance consultations. FÁS has a staff complement of almost 2,400 people and a network of over 64 Employment Services Offices and 20 Training Centres throughout the country.

About The Pensions Board

The Pensions Board is the statutory body set up to regulate occupational pension schemes and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Social and Family Affairs, and through him, the Government, on overall pension policy development.

Media Queries:

Mary Hutch
Head of Information and Training
The Pensions Board
Tel: (01) 6131900

Jackie Gallagher / Mark Leech
Q4 PR
Tel: (01) 4751444
(087) 237 1838
(087) 9053679