Pensions at a Glance
1 July 2010
Pensions at a Glance
The Pensions Board annual report and accounts for 2009 reveal
the following key statistics
- There are 835,397 members in 84,246 0ccupational pension
schemes
- 254,325 members in 1,212 defined benefit schemes - subject to
the funding standard
- 332,163 members in 95 defined benefit - excluded from the
funding standard
- 266,909 members in 82,939 defined contribution schemes
This is an increase of 4,189 members in occupational pension
schemes compared to 2008.
During 2009, the Board:
- issued on-the-spot fines notices (€2,000 per fine) to 51
trustees of 18 schemes - the grounds for these fines notices
included:
16 schemes for failure to submit or late submission of actuarial
funding certificates
1 scheme for non-payment of Pensions Board fees
1 scheme for failure to furnish options on leaving service
- undertook 3 prosecutions
one prosecution for failure to submit an actuarial funding
certificate
two prosecutions for failure to remit pension contributions
deducted from employees' wages
held meetings with the trustees of 54 schemes and with a range of
pension administrators
- dealt with 8,111 information enquiries
- had 601,419 visits to its website an increase of over 20% on
2008
- developed an online e-learning system for pensions scheme
trustees
- published the Trustee Handbook 3rd Edition
- published a new booklet 'Retirement options for public
servants'
- published a new 'Investment Risk, Fees & Charges
Checklist'
The Annual Report and Accounts 2009 are available on www.pensionsboard.ie.