Construction industry ‘worst offender’ in pensions area

The Pensions Board has singled out the construction industry as the worst offender for not paying employees’ pension contributions into their pension funds.

Pension board chief executive, Brendan Kennedy, said that they had spent a considerable amount of time investigating and prosecuting construction companies for deducting employees wages but not paying them into pension funds.

“In 2012, as in recent years, a considerable part of the board’s time and effort has been spent investigating and prosecuting cases where some employers, mostly in the construction industry, have failed to remit contributions to a pension scheme after deducting them from employees’ pay.