Date-stamp loading
Version status: In force | Document consolidation status: No known changes
Published date: 9 July 2024

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

Comparing proposed amendment...
Acts Referred To
Introductory Text
Part 1 Preliminary and general (ss. 1-5)
Not yet in force
1. Short title and commencement
Not yet in force
2. Definitions
Not yet in force
3. Regulations
Not yet in force
4. Service of documents
Not yet in force
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)
Not yet in force
6. Definitions (Part 2)
Not yet in force
7. Establishment day
Not yet in force
8. An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir
Not yet in force
9. Functions of Authority
Chapter 2 Board of Authority (ss. 10-24)
Not yet in force
10. Establishment of Board
Not yet in force
11. Membership of Board
Not yet in force
12. Term of office
Not yet in force
13. Conditions of membership of Board
Not yet in force
14. Membership of either House of Oireachtas, European Parliament or local authority
Not yet in force
15. Ineligibility to become and disqualification to act as member of Board
Not yet in force
16. Removal of member of Board
Not yet in force
17. Meetings
Not yet in force
18. Audit and risk committee
Not yet in force
19. Investment committee
Not yet in force
20. Other committees
Not yet in force
21. Remuneration and expenses of members of Board and committees of Board
Not yet in force
22. Disclosure of interests by member of Board or of committee of Board
Not yet in force
23. Disclosure of interests by members of staff of Authority or other persons
Not yet in force
24. Prohibition on unauthorised disclosure of confidential information
Chapter 3 Staff of Authority, engagement of consultants, advisers and service providers (ss. 25-32)
Not yet in force
25. Appointment of chief executive
Not yet in force
26. Functions of chief executive
Not yet in force
27. Delegation of functions
Not yet in force
28. Membership of either House of Oireachtas, European Parliament or local authority
Not yet in force
29. Removal of chief executive
Not yet in force
30. Staff of Authority
Not yet in force
31. Engagement of consultants and advisers
Not yet in force
32. Engagement of service providers
Chapter 4 Funding, reporting and accountability (ss. 33-43)
Not yet in force
33. Appearance before Public Accounts Committee
Not yet in force
34. Appearances before committees of Houses of Oireachtas
Not yet in force
35. Expenses of Authority
Not yet in force
36. Power to borrow
Not yet in force
37. Statement of strategy
Not yet in force
38. Annual plan
Not yet in force
39. Accounts and audits
Not yet in force
40. Annual report
Not yet in force
41. Request from Minister to Authority for report
Not yet in force
42. Production of statistical data
Not yet in force
43. Power to monitor, review and make recommendations
Chapter 5 Supervisory report by Pensions Authority (ss. 44-46)
Not yet in force
44. Supervisory report by Pensions Authority
Not yet in force
45. Preparation and submission of supervisory report by Pensions Authority
Not yet in force
46. Annual fee payable to Pensions Authority
Part 3 Enrolment and contributions (ss. 47-66)
Chapter 1 Preliminary (ss. 47-48)
Not yet in force
47. Interpretation (Part 3)
Not yet in force
48. Death of employer
Chapter 2 Enrolment (ss. 49-56)
Not yet in force
49. Participants
Not yet in force
50. Automatic enrolment
Not yet in force
51. Exempt employment
Not yet in force
52. Standards for purposes of section 51
Not yet in force
53. Right to opt in
Not yet in force
54. Right to opt-out
Not yet in force
55. Automatic re-enrolment
Not yet in force
56. Power to amend age limits and earnings threshold
Chapter 3 Contributions(ss. 57-65)
Not yet in force
57. Contributing participants
Not yet in force
58. Contributions
Not yet in force
59. Payment of participant contribution and employer contribution
Not yet in force
60. Payment of State contribution
Not yet in force
61. Rates of contribution
Not yet in force
62. Suspension of contributions
Not yet in force
63. Repayment of contributions on opting out
Not yet in force
64. Repayment of contributions in prescribed circumstances
Not yet in force
65. Power to amend earnings limit
Chapter 4 Further power to make regulations (s. 66)
Not yet in force
66. Further power to make regulations
Part 4 Investment (ss. 67-77)
Not yet in force
67. Definitions (Part 4)
Not yet in force
68. Investment management providers
Not yet in force
69. AE provider schemes and risk levels
Not yet in force
70. Assignment of contributions to appropriate risk level
Not yet in force
71. Power to provide for selection of more than one risk level
Not yet in force
72. Investment of contributions
Not yet in force
73. Transfer between AE provider schemes
Not yet in force
74. Investment rules
Not yet in force
75. Contractual provision on environmental and other matters
Not yet in force
76. Participants' accounts
Not yet in force
77. Amendment of Investment Intermediaries Act 1995
Part 5 Payment out of accounts (ss. 78-99)
Chapter 1 Interpretation and general (ss. 78-80)
Not yet in force
78. Interpretation (Part 5)
Not yet in force
79. Notification and verification of death
Not yet in force
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)
Not yet in force
81. Redemption date
Not yet in force
82. Redemption of units
Not yet in force
83. Payment to participant at or after pensionable age
Not yet in force
84. Payment in the event of death of participant
Chapter 3 Early payment on grounds of incapacity or exceptional ill-health (ss. 85-88)
Not yet in force
85. Application for early payment on grounds of incapacity or exceptional ill-health
Not yet in force
86. Redemption of units for early payment
Not yet in force
87. Making of early payment
Not yet in force
88. Procedure for applications and payments under Chapter 3
Chapter 4 Unclaimed balances (ss. 89-99)
Not yet in force
89. Interpretation (Chapter 4)
Not yet in force
90. Unclaimed balances
Not yet in force
91. Notice of unclaimed balance
Not yet in force
92. Publication of notice
Not yet in force
93. Transfer of moneys to Dormant Accounts Fund
Not yet in force
94. Register of unclaimed balances
Not yet in force
95. Disclosure of information for statistical purposes
Not yet in force
96. Rights of participants
Not yet in force
97. Application for unclaimed balance
Not yet in force
98. Confidentiality
Not yet in force
99. Statement of compliance
Part 6 Communications and services (ss. 100-106)
Not yet in force
100. Definitions (Part 6)
Not yet in force
101. Electronic system to be used by default
Not yet in force
102. Provision of information to public by Authority
Not yet in force
103. Provision for communications and services otherwise than online
Not yet in force
104. Powers to make provision for purposes of communications and services
Not yet in force
105. Participants' annual statements
Not yet in force
106. Amendment and application of Freedom of Information Act 2014
Part 7 Information sharing and data protection (ss. 107-112)
Not yet in force
107. Definition (Part 7)
Not yet in force
108. Information sharing
Not yet in force
109. Disclosure of certain information to Minister for Enterprise, Trade and Employment, etc.
Not yet in force
110. Amendment of Social Welfare Consolidation Act 2005
Not yet in force
111. Processing of personal data and special categories of personal data
Not yet in force
112. Regulations for purposes of data protection
Part 8 Reviews and appeals (ss. 113-119)
Not yet in force
113. Definitions (Part 8)
Not yet in force
114. Determinations subject to internal review
Not yet in force
115. Appeals officer
Not yet in force
116. Appeals
Not yet in force
117. Appeal to High Court
Not yet in force
118. Effect of decision
Not yet in force
119. Amendment of Financial Services and Pensions Ombudsman Act 2017
Part 9 Compliance and enforcement (ss. 120-141)
Chapter 1 Interpretation (s. 120)
Not yet in force
120. Interpretation (Part 9)
Chapter 2 Authorised officers and compliance (ss. 121-126)
Not yet in force
121. Authorised officers
Not yet in force
122. Powers of authorised officers
Not yet in force
123. Compliance notice
Not yet in force
124. Fixed payment notice
Not yet in force
125. Legal privilege
Not yet in force
126. Authority may publish information respecting certain persons
Chapter 3 Penalisation and hindering of employees (ss. 127-128)
Not yet in force
127. Protection of employees from penalisation
Not yet in force
128. Hindering employee from participating in automatic enrolment
Chapter 4 Workplace relations (ss. 129-130)
Not yet in force
129. Decision under section 41 or 44 of Act of 2015
Not yet in force
130. Amendment of Act of 2015
Chapter 5 Offences (ss. 131-137)
Not yet in force
131. Offences in relation to contributions
Not yet in force
132. Offences and penalties
Not yet in force
133. Summary proceedings
Not yet in force
134. Costs
Not yet in force
135. Time limit for instituting summary proceedings
Not yet in force
136. Admissibility of certain documents in proceedings for offence
Not yet in force
137. Presumptions in proceedings for offence
Chapter 6 Miscellaneous (ss. 138-141)
Not yet in force
138. Interest on arrears of contributions
Not yet in force
139. Court may order employer or employee to pay arrears of contributions
Not yet in force
140. Forgery of documents
Not yet in force
141. Recovery of moneys