Pension booklet to educate employers
Minister for Social and Family Affairs Mary Coughlan described the 20-page booklet as the first important step in a campaign to raise general awareness of pensions and increase pension coverage in Ireland.
“The countdown to mandatory access is approaching fast. September 15 is the deadline for employers to provide access for their employees to a Standard PRSA and this booklet is a valuable tool for employers to
help bring pension awareness into the workplace,” she said.
“It is an outstanding guide of information, specific to employers on PRSA matters. I would urge all employers to study this important document and I thank the Pensions Board for undertaking this necessary task,” she said.
Pensions Board chief executive Anne Maher said the board will do everything to ensure all employers get to avail of the information.
“The board is working closely with employer representative organisations to fully publicise employers’ obligations in advance of the deadline.
“PRSAs are a key development to encourage flexible retirement savings and employers have an important role in ensuring all have access to retirement provision,” she said.
The booklet is the first of three that form part of the National Pensions Awareness Campaign.
Further booklets will include a practical consumer guide to PRSAs and a general booklet on all aspects of pension provision and these will be published during the summer.
The awareness campaign commencement will dovetail with the introduction of mandatory access in September and will include: a series of national and regional public information initiatives; informative booklet distribution; select advertising and the set-up of a National Pensions Awareness Week, all focused on the general public.
