prsa -employer obliged to provide 1?

B

bleary

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I am currently on a temporary contract and have been for the last year.
My employer does not provide me with a pension.
What I ahve been told is that their pension scheme is only open to permanent employees-thats fine but I pointed out that I thought they were obliged to have a PRSA set up for emplyees not covered by their pension scheme .
They disagree -Do they have to have a PRSA available -
They are able to claim back some relief if I contribute to a PRSA arent they?
 
Yes your employer is required to provide you with access to a pension via the payroll once you have been employed for a period of 6 months.

They do not necessarily have to provide you with access to a PRSA they can open up the pension scheme to allow you to contribute to it yourself. If they refuse to do this then they must appoint a PRSA provider and allow you access to this PRSA via the payroll system. They do not have to contribute but must allow you access to one.

They also must allow you access to information on the PRSA on company time.

And yes they do benefit if you make a PRSA contribution to the tune of approx. 12.5% of whatever you contribute.
 
Bleary

Your employer is non compliant in this regard as they MUST provide access to a PRSA for 'excluded' employees, i.e. those who do not allow all employee access to the pension scheme.

If your employer persists in refusing to provide access, you can report them to the Pensions Board.
 
They also must allow you access to information on the PRSA on company time.

>> this is VERY interesting. My employer expects me to solve the issues I have with Irish Life PRSA in my non-paid lunch breaks! Where can I find the info that they need to give me company time? I have a few issues with my PRSA and no one at my company helps. instead i am being sent back and forth between the Irish life advisor and payroll. There have been irregular contributions etc. I'd prefer to change the PRSA provider but the company is not at all helpful.
 
[broken link removed] on the Pensions Board website outlines employers' obligations in this context.
 
A- thanks. I checked some of the prosecution links and they mainly seemed to relate to companies/trustees not providing members with annual reports etc. I didn't notice any about PRSAs - in particular the one above. I presume that they are unlikely to prosecute unless somebody (e.g. a disgruntles employee whose statutory rights in this respect are not being honoured) blows the whistle?
 
just checked with another source and have been told thatwhile there is no PRSA set up that I can contribute to an AVC plan instead. I was under the impression that i needed to have a pension before I could contribute to an AVC. can I just start contributing to an AVC and treat it as my main pension?
Would there be any down sides in this?
 
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