IAPF Spring 2018 Irish Pensions Magazine

56 | IRISH PENSIONS MAGAZINE | SPRING 2018 FEATURE • 5 cases related to the deduction and non-remittal of employee pension contributions to schemes within the statutory timeframe (section 58A(1)). • 2 cases related to the failure to pay employer pension contributions as obliged under the terms of the pension scheme or contract of employment to the pension scheme trustees of a defined contribution scheme within the statutory timeframe (section 58A(2)). • 1 case related to the failure to remit employee PRSA contributions deducted from an employee’s wages pursuant to a PRSA contract entered into by the employee within the statutory timeframe (section 121(3)). • 1 case related to the failure to pay employer contributions to a PRSA agreed under a contract of employment or PRSA contract (section 121(4)). • 2 cases related to failure to respond to a statutory request for information from the Authority (section 18). scheme into compliance with the standard. The Authority is maintaining close engagement with the trustees of these four schemes. • 19 funding proposals from DB schemes were received and approved. • 3 applications to reduce accrued benefits from DB schemes were received and approved. • 279,130 data submissions from regulated entities were processed through the Authority’s Pension Data Register. • The Authority dealt with some 8,000 general pension enquiries. Prosecutions In 2017, 18 prosecution cases were concluded. The Authority secured convictions in 11 cases and the remaining cases were struck out due to payment of arrears. One appeal was concluded and a further matter was re-entered and finalised. The convictions in the 11 cases were as follows: