Amendment to Section 50/50B regulations

On 22 January 2015, the Minister for Social Protection signed the Occupational Pension Schemes (Sections 50 and 50B) (Amendment) Regulations, 2015 (http://www.irishstatutebook.ie/pdf/2015/en.si.2015.0024.pdf).

This short statutory instrument amends the Occupational Pension Schemes (Sections 50 and 50B) Regulations, 2014 (http://www.irishstatutebook.ie/pdf/2014/en.si.2014.0392.pdf).

A new definition of “representative group” is introduced as a body representing at least 50% of deferred members or pensioners.

Such a representative group must be notified of a proposed Pensions Authority Direction and of their right to make written submissions to the Pensions Authority. A representative group also has the right of appeal to the High Court.

Posted in Uncategorized.

Leave a Reply

Your email address will not be published. Required fields are marked *