Pensions Newsletter April 2024

The pensions landscape in Ireland is most definitely evolving and is undergoing unprecedented change as a result of the Auto Enrolment Retirement Savings System Bill, changes in the State Pension Age, Defined Benefit Risk Settlement Opportunities and Pension Scheme consolidation primarily driven by IORP II. It should not be forgotten that the transposition of the IORP II Directive into Irish law was the most significant change to pension regulation in more that 30 years and Trustee Boards and Sponsors spent a considerable amount of time during 2023 attempting to achieve IORP II compliance.  

In our Newsletter, we will address the following topical issues:

Changes to the State Pension Age and PRSI Exemption Age effective from 1 January 2024

Auto-Enrolment – the key points to note and the implications for Employers in Ireland

The key findings of The Pensions Authority Engagement and Audit Findings Report
which was released on 18 December 2023

An update on the current examination of the Standard Fund Threshold Regime.
The Minister for Finance, Michael McGrath, instructed an independent expert,
Dr. Donal de Buitléir, to conduct this examination with support from the Department of Finance

An update on General Scheme of the Employment (Restriction of Certain Mandatory
Retirement Ages) Bill 2024