150 construction firms investigated for irregularities

OVER 150 construction companies are being investigated by the Pensions Board over their alleged failure to pay pension contributions from employees into the industry’s pension scheme.

The Pensions Board said yesterday that the high level of alleged non-remittance of workers’ pension contributions to the Construction Workers Pension Schemes was an issue of major concern.

“We view this as a very serious matter,” said Pensions Board chairman, Tiarnan O’Mahoney.