icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Automatic Enrolment Retirement Savings System Act 2024 (No. 20)Acts Referred ToIntroductory TextPart 1 Preliminary and general (ss. 1-5)1. Short title and commencement2. Definitions3. Regulations4. Service of documents5. ExpensesPart 2 An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir (ss. 6-46)Chapter 1 Establishment of An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir (ss. 6-9)6. Definitions (Part 2)7. Establishment day8. An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir9. Functions of AuthorityChapter 2 Board of Authority (ss. 10-24)10. Establishment of Board11. Membership of Board12. Term of office13. Conditions of membership of Board14. Membership of either House of Oireachtas, European Parliament or local authority15. Ineligibility to become and disqualification to act as member of Board16. Removal of member of Board17. Meetings18. Audit and risk committee19. Investment committee20. Other committees21. Remuneration and expenses of members of Board and committees of Board22. Disclosure of interests by member of Board or of committee of Board23. Disclosure of interests by members of staff of Authority or other persons24. Prohibition on unauthorised disclosure of confidential informationChapter 3 Staff of Authority, engagement of consultants, advisers and service providers (ss. 25-32)25. Appointment of chief executive26. Functions of chief executive27. Delegation of functions28. Membership of either House of Oireachtas, European Parliament or local authority29. Removal of chief executive30. Staff of Authority31. Engagement of consultants and advisers32. Engagement of service providersChapter 4 Funding, reporting and accountability (ss. 33-43)33. Appearance before Public Accounts Committee34. Appearances before committees of Houses of Oireachtas35. Expenses of Authority36. Power to borrow37. Statement of strategy38. Annual plan39. Accounts and audits40. Annual report41. Request from Minister to Authority for report42. Production of statistical data43. Power to monitor, review and make recommendationsChapter 5 Supervisory report by Pensions Authority (ss. 44-46)44. Supervisory report by Pensions Authority45. Preparation and submission of supervisory report by Pensions Authority46. Annual fee payable to Pensions AuthorityPart 3 Enrolment and contributions (ss. 47-66)Chapter 1 Preliminary (ss. 47-48)47. Interpretation (Part 3)48. Death of employerChapter 2 Enrolment (ss. 49-56)49. Participants50. Automatic enrolment51. Exempt employment52. Standards for purposes of section 5153. Right to opt in54. Right to opt-out55. Automatic re-enrolment56. Power to amend age limits and earnings thresholdChapter 3 Contributions(ss. 57-65)57. Contributing participants58. Contributions59. Payment of participant contribution and employer contribution60. Payment of State contribution61. Rates of contribution62. Suspension of contributions63. Repayment of contributions on opting out64. Repayment of contributions in prescribed circumstances65. Power to amend earnings limitChapter 4 Further power to make regulations (s. 66)66. Further power to make regulationsPart 4 Investment (ss. 67-77)67. Definitions (Part 4)68. Investment management providers69. AE provider schemes and risk levels70. Assignment of contributions to appropriate risk level71. Power to provide for selection of more than one risk level72. Investment of contributions73. Transfer between AE provider schemes74. Investment rules75. Contractual provision on environmental and other matters76. Participants' accounts77. Amendment of Investment Intermediaries Act 1995Part 5 Payment out of accounts (ss. 78-99)Chapter 1 Interpretation and general (ss. 78-80)78. Interpretation (Part 5)79. Notification and verification of death80. Provision of benefits under arrangements made by AuthorityChapter 2 Payment, other than early payment, to or in respect of participant (ss. 81-84)81. Redemption date82. Redemption of units83. Payment to participant at or after pensionable age84. Payment in the event of death of participantChapter 3 Early payment on grounds of incapacity or exceptional ill-health (ss. 85-88)85. Application for early payment on grounds of incapacity or exceptional ill-health86. Redemption of units for early payment87. Making of early payment88. Procedure for applications and payments under Chapter 3Chapter 4 Unclaimed balances (ss. 89-99)89. Interpretation (Chapter 4)90. Unclaimed balances91. Notice of unclaimed balance92. Publication of notice93. Transfer of moneys to Dormant Accounts Fund94. Register of unclaimed balances95. Disclosure of information for statistical purposes96. Rights of participants97. Application for unclaimed balance98. Confidentiality99. Statement of compliancePart 6 Communications and services (ss. 100-106)100. Definitions (Part 6)101. Electronic system to be used by default102. Provision of information to public by Authority103. Provision for communications and services otherwise than online104. Powers to make provision for purposes of communications and services105. Participants' annual statements106. Amendment and application of Freedom of Information Act 2014Part 7 Information sharing and data protection (ss. 107-112)107. Definition (Part 7)108. Information sharing109. Disclosure of certain information to Minister for Enterprise, Trade and Employment, etc.110. Amendment of Social Welfare Consolidation Act 2005111. Processing of personal data and special categories of personal data112. Regulations for purposes of data protectionPart 8 Reviews and appeals (ss. 113-119)113. Definitions (Part 8)114. Determinations subject to internal review115. Appeals officer116. Appeals117. Appeal to High Court118. Effect of decision119. Amendment of Financial Services and Pensions Ombudsman Act 2017Part 9 Compliance and enforcement (ss. 120-141)Chapter 1 Interpretation (s. 120)120. Interpretation (Part 9)Chapter 2 Authorised officers and compliance (ss. 121-126)121. Authorised officers122. Powers of authorised officers123. Compliance notice124. Fixed payment notice125. Legal privilege126. Authority may publish information respecting certain personsChapter 3 Penalisation and hindering of employees (ss. 127-128)127. Protection of employees from penalisation128. Hindering employee from participating in automatic enrolmentChapter 4 Workplace relations (ss. 129-130)129. Decision under section 41 or 44 of Act of 2015130. Amendment of Act of 2015Chapter 5 Offences (ss. 131-137)131. Offences in relation to contributions132. Offences and penalties133. Summary proceedings134. Costs135. Time limit for instituting summary proceedings136. Admissibility of certain documents in proceedings for offence137. Presumptions in proceedings for offenceChapter 6 Miscellaneous (ss. 138-141)138. Interest on arrears of contributions139. Court may order employer or employee to pay arrears of contributions140. Forgery of documents141. Recovery of moneys
Page Overview
Related
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Whole document
Selected pages
Consolidated PDF of the entire document as of 9th January 2025
Original PDF
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This document
Manage bookmarks
Search within this document
View previous searches
Share
Original source link (1)
Get page link
Share via email application
Next
Version status: In force | Document consolidation status: No known changes
Published date: 9 July 2024

Automatic Enrolment Retirement Savings System Act 2024 (No. 20)

Acts Referred To
Introductory Text
Part 1 Preliminary and general (ss. 1-5)
1. Short title and commencement  
2. Definitions  
3. Regulations  
4. Service of documents  
5. Expenses  
Part 2 An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir (ss. 6-46)
Chapter 1 Establishment of An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir (ss. 6-9)
6. Definitions (Part 2)  
7. Establishment day  
8. An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir  
9. Functions of Authority  
Chapter 2 Board of Authority (ss. 10-24)
10. Establishment of Board  
11. Membership of Board  
12. Term of office  
13. Conditions of membership of Board  
14. Membership of either House of Oireachtas, European Parliament or local authority  
15. Ineligibility to become and disqualification to act as member of Board  
16. Removal of member of Board  
17. Meetings  
18. Audit and risk committee  
19. Investment committee  
20. Other committees  
21. Remuneration and expenses of members of Board and committees of Board  
22. Disclosure of interests by member of Board or of committee of Board  
23. Disclosure of interests by members of staff of Authority or other persons  
24. Prohibition on unauthorised disclosure of confidential information  
Chapter 3 Staff of Authority, engagement of consultants, advisers and service providers (ss. 25-32)
25. Appointment of chief executive  
26. Functions of chief executive  
27. Delegation of functions  
28. Membership of either House of Oireachtas, European Parliament or local authority  
29. Removal of chief executive  
30. Staff of Authority  
31. Engagement of consultants and advisers  
32. Engagement of service providers  
Chapter 4 Funding, reporting and accountability (ss. 33-43)
33. Appearance before Public Accounts Committee  
34. Appearances before committees of Houses of Oireachtas  
35. Expenses of Authority  
36. Power to borrow  
37. Statement of strategy  
38. Annual plan  
39. Accounts and audits  
40. Annual report  
41. Request from Minister to Authority for report  
42. Production of statistical data  
43. Power to monitor, review and make recommendations  
Chapter 5 Supervisory report by Pensions Authority (ss. 44-46)
44. Supervisory report by Pensions Authority  
45. Preparation and submission of supervisory report by Pensions Authority  
46. Annual fee payable to Pensions Authority  
Part 3 Enrolment and contributions (ss. 47-66)
Chapter 1 Preliminary (ss. 47-48)
47. Interpretation (Part 3)  
48. Death of employer  
Chapter 2 Enrolment (ss. 49-56)
49. Participants  
50. Automatic enrolment  
51. Exempt employment  
52. Standards for purposes of section 51  
53. Right to opt in  
54. Right to opt-out  
55. Automatic re-enrolment  
56. Power to amend age limits and earnings threshold  
Chapter 3 Contributions(ss. 57-65)
57. Contributing participants  
58. Contributions  
59. Payment of participant contribution and employer contribution  
60. Payment of State contribution  
61. Rates of contribution  
62. Suspension of contributions  
63. Repayment of contributions on opting out  
64. Repayment of contributions in prescribed circumstances  
65. Power to amend earnings limit  
Chapter 4 Further power to make regulations (s. 66)
66. Further power to make regulations  
Part 4 Investment (ss. 67-77)
67. Definitions (Part 4)  
68. Investment management providers  
69. AE provider schemes and risk levels  
70. Assignment of contributions to appropriate risk level  
71. Power to provide for selection of more than one risk level  
72. Investment of contributions  
73. Transfer between AE provider schemes  
74. Investment rules  
75. Contractual provision on environmental and other matters  
76. Participants' accounts  
77. Amendment of Investment Intermediaries Act 1995  
Part 5 Payment out of accounts (ss. 78-99)
Chapter 1 Interpretation and general (ss. 78-80)
78. Interpretation (Part 5)  
79. Notification and verification of death  
80. Provision of benefits under arrangements made by Authority  
Chapter 2 Payment, other than early payment, to or in respect of participant (ss. 81-84)
81. Redemption date  
82. Redemption of units  
83. Payment to participant at or after pensionable age  
84. Payment in the event of death of participant  
Chapter 3 Early payment on grounds of incapacity or exceptional ill-health (ss. 85-88)
85. Application for early payment on grounds of incapacity or exceptional ill-health  
86. Redemption of units for early payment  
87. Making of early payment  
88. Procedure for applications and payments under Chapter 3  
Chapter 4 Unclaimed balances (ss. 89-99)
89. Interpretation (Chapter 4)  
90. Unclaimed balances  
91. Notice of unclaimed balance  
92. Publication of notice  
93. Transfer of moneys to Dormant Accounts Fund  
94. Register of unclaimed balances  
95. Disclosure of information for statistical purposes  
96. Rights of participants  
97. Application for unclaimed balance  
98. Confidentiality  
99. Statement of compliance  
Part 6 Communications and services (ss. 100-106)
100. Definitions (Part 6)  
101. Electronic system to be used by default  
102. Provision of information to public by Authority  
103. Provision for communications and services otherwise than online  
104. Powers to make provision for purposes of communications and services  
105. Participants' annual statements  
106. Amendment and application of Freedom of Information Act 2014  
Part 7 Information sharing and data protection (ss. 107-112)
107. Definition (Part 7)  
108. Information sharing  
109. Disclosure of certain information to Minister for Enterprise, Trade and Employment, etc.  
110. Amendment of Social Welfare Consolidation Act 2005  
111. Processing of personal data and special categories of personal data  
112. Regulations for purposes of data protection  
Part 8 Reviews and appeals (ss. 113-119)
113. Definitions (Part 8)  
114. Determinations subject to internal review  
115. Appeals officer  
116. Appeals  
117. Appeal to High Court  
118. Effect of decision  
119. Amendment of Financial Services and Pensions Ombudsman Act 2017  
Part 9 Compliance and enforcement (ss. 120-141)
Chapter 1 Interpretation (s. 120)
120. Interpretation (Part 9)  
Chapter 2 Authorised officers and compliance (ss. 121-126)
121. Authorised officers  
122. Powers of authorised officers  
123. Compliance notice  
124. Fixed payment notice  
125. Legal privilege  
126. Authority may publish information respecting certain persons  
Chapter 3 Penalisation and hindering of employees (ss. 127-128)
127. Protection of employees from penalisation  
128. Hindering employee from participating in automatic enrolment  
Chapter 4 Workplace relations (ss. 129-130)
129. Decision under section 41 or 44 of Act of 2015  
130. Amendment of Act of 2015  
Chapter 5 Offences (ss. 131-137)
131. Offences in relation to contributions  
132. Offences and penalties  
133. Summary proceedings  
134. Costs  
135. Time limit for instituting summary proceedings  
136. Admissibility of certain documents in proceedings for offence  
137. Presumptions in proceedings for offence  
Chapter 6 Miscellaneous (ss. 138-141)
138. Interest on arrears of contributions  
139. Court may order employer or employee to pay arrears of contributions  
140. Forgery of documents  
141. Recovery of moneys  
Next