Wallace: All pension contributions will be made by December deadline

TD Mick Wallace has said all employee pension contributions owed by his company M&J Wallace Ltd will be paid by the December 5 deadline.

"All employee contributions have been paid to the Pensions Board," he said.

"For the period 2008-2010, M&J Wallace Ltd had a total pension liability of €136,322.90. Employee contribution was €54,529.18 (and) employer contribution was €81,793.76.

"We have paid €112,284.50 to date, leaving the amount, €24,038.44 outstanding which will be paid in full before the 5th of December as part of an agreement with the Pensions Board."

He said there "had been a discrepancy regarding the amount due but that matter has been settled".

Mr Wallace said he felt compelled to release the statement "in response to some sensational and inaccurate reporting in the media".