annual report and accounts 2012 · annual report and accounts 2012 1 chairperson’s statement 2...

Annual Report and Accounts 2012www.pensionsboard.ie

http://www.pensionsboard.ie


A n n u a l R e p o r t a n d A c c o u n t s 2 0 1 2

1

Chairperson’s statement 2

Chief Executive’s review 4

Board members 8

Meeting the Board’s strategic objectives 9

Current working groups and committees of the Board 14

Running an efficient organisation 16

The Pensions Board staff 17

Financial statements for the year ended 31 December 2012

Report of the Comptroller and Auditor General 19

Statement of Board responsibilities 21

Statement on internal financial control 22

Statement of accounting policies 23

Income and expenditure account 24

Balance sheet 25

Cash flow statement 26

Notes to the financial statements 27

Appendix I: Membership of the current working groups and committees of the Board

Appendix II: Annual monitoring indicators

Appendix III: Key performance indicators

Appendix IV: The Pensions Board prosecutions 2012

Appendix V: Membership of occupational pension schemes and Personal Retirement Savings Accounts

Appendix VI: Information booklets, checklists, guidance and FAQs up-dated in 2012

Contents

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Occupational and personal pensions are about providing predictable and secure pensions, to supplement the pension provided by the State. The original concept of pensions originated from the desire to provide an income for people when they were no longer able to work. We have come a long way over the last 70 years, on average living well into our 80s, retiring earlier and having expectations of living and enjoying life in retirement. But that very progress, coupled with the economic and fi nancial shock of the last fi ve years, is threatening the core intent of pensions. As a society, we need to reassess the implications of this progress in terms of our expectations of pensions and the real cost of delivering these expectations. Good pension provision is expensive. However, good supplementary pensions are achievable and affordable if we begin saving early, if the savings are invested prudently and if the costs of maintaining the pension represent value for money.

A key challenge we face is rebuilding confi dence and trust in the pensions system. Trust in pensions has been eroded by the impact of the fi nancial crisis on pension fund values, by the fall in confi dence in fi nancial institutions and by uncertainty about the future taxation regime for pension contributions. In this regard, the Board welcomes the Government’s confi rmation that the pensions levy will not continue beyond 2014. The investment environment for pensions has improved as investment markets produce improving returns. However, the economic climate continues to be a concern and saving for retirement has taken a back seat. Our most recent data shows further declines in supplementary pension numbers among the working population. Our research shows that people understand the importance of supplementary pensions in planning for a comfortable retirement. However, a combination of economic circumstances and, perhaps, uncertainty about the reliability of the pensions promise, has resulted in reduced supplementary coverage.

I welcome the Minister’s initiative in commissioning the OECD to provide useful and timely commentary on the current challenges and the options we can consider. It is heartening to see the analysis of Ireland’s success in lifting the older generation away from the risk of poverty. The report on pension charges, prepared by the Department of Social Protection, raises the need for vigilance on pension costs. It also points to the possible need for structural change to counter the ineffi ciencies inherent in the large number of smaller schemes. Where excessive charges exist, these impact on confi dence in pensions. In these times, all pension products and services must demonstrate good value for money.

With the signifi cant changes that have occurred in the labour market, the investment performance of pensions and the recent experience of those saving for a pension, it is important to reassess our understanding of pension related behaviour. Consumer behaviours and attitudes to pension savings are changing. It is important that we fully understand such changes. Such understanding is key to assessing the role the Board can play in making pensions more attractive. This is particularly true for categories of employees who are less likely to have made adequate provision for secondary pension coverage e.g. women, temporary and part-time employees, employees in the hospitality and offi ce services sectors and younger workers starting out in their career. The specifi cation of this research has begun and the fi eldwork will be undertaken during 2013.

The concept of saving for a pension is inherently simple – saving for retirement with an inducement in the form of tax relief. However, the pension system has become extremely complex and beyond the average person, without investment of considerable amounts of time and effort. The Board believes that simplifying aspects of the pension system could make pensions more attractive, more accessible and more credible. We have made progress in specifying this work and implementation will fall into 2013.

Chairperson’s statement


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The Pensions Board’s primary job is to support secure and predictable supplementary pensions. We do this through ensuring the rules are enforced, by helping the public to be aware of its rights, and trustees their responsibilities, and by providing advice to the Minister and the Department of Social Protection and other Departments. The Board’s committees and working groups, working with the Executive, have delivered significant pieces of work during 2012 to address key issues (The Chief Executive’s report highlights this work in more detail). The Minister has announced a revised structure to include a Pensions Authority to provide operational oversight and a Pensions Council to provide policy advice, distinguishing between the oversight and the policy advice functions. These new structures are likely to continue to address issues such as schemes in deficit, the adequacy of contributions, inadequacy of coverage and other issues that have been on our agenda over the last two and a half years. We wish the members of the new structures every success in their important roles.

My sincere thanks are due to the Minister and her officials who have been, in turn, demanding and supportive, drawing the best out of the Board and allowing us to use the expertise that exists in Board members and the Executive to deliver on the Board’s strategy and to support the Department’s work.

I would like to thank the Executive of the Board for their ongoing support; for their hard work and commitment to the work of regulating, providing information and policy advice; and for their knowledge and experience in this complex field. I would particularly like to acknowledge the leadership and ethos of the Chief Executive, whose in-depth understanding of pensions and his commitment to public service is so valuable to The Pensions Board.

I would like to thank Board members for their generous time and valuable expertise. The time commitment required to serve as a Board member, in addition to membership of committees and working groups of the Board, is very demanding. They also bring an ethos of public service to the work as Board and committee members which transcends their ‘day job’ in a way that is commendable. Their valuable insights and suggestions help with the implementation of Government policy in ways that make it more effective, minimise any unintended consequences and where this is not possible ensure that the Minister and the Department are aware of the potential consequences so that they take decisions fully informed.

Jane Williams

Chairperson

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RegulationIn 2012, as in recent years, a considerable part of the Board’s time and effort has been spent investigating and prosecuting cases where some employers in the construction industry have failed to remit contributions to a pension scheme after deducting them from employees’ pay. This work has resulted in a signifi cant number of prosecutions and convictions of companies and, in many cases, directors, and these have continued in 2013. The Board has also been investigating other offences with a view to prosecutions as soon as possible.

The construction industry prosecutions have been the result of whistleblows by scheme trustees and others, and the number of these alerts is now falling sharply. This means that the Board will be able to devote more time in 2013 to proactive supervision and we can focus our attention on other areas of non-compliance.

Our work is driven by the Board’s risk priorities, which means that we will always focus more attention on potentially more serious breaches. However, this does not mean that there is any area of compliance that we will overlook. Furthermore, because supervision depends on being able to get the necessary information, we will always pursue cases where those involved with pension schemes fail to abide by their legal responsibilities to provide information to the Board.

Poor pensions administration and record keeping could result in members not receiving all of the benefi ts to which they are entitled, without necessarily being aware of the fact. The Board’s oversight of Registered Administrators is therefore particularly important. During 2012, the Board carried out 28 onsite investigations. In four cases, the standard of administration was such that, had remedial action not been taken, the Board would have considered withdrawing the registration of the administrator concerned. It is extraordinary that any administrator should be so unaware of its responsibilities that this situation should arise. The Board will continue these onsite investigations in 2013 and future years, and will take appropriate steps in response to its fi ndings, in conjunction with the Central Bank, where appropriate.

The proportion of schemes where the trustees have not fulfi lled their legal responsibility to appoint a Registered Administrator is too high, and this will be the focus of Board activity in the coming months. Trustees should be aware that failure to appoint a Registered Administrator may make them subject to prosecution. Administrators should also be aware that it is an offence to act as a Registered Administrator except where one has been appointed as such by the scheme’s trustees.

Another area where the level of compliance is unacceptably low is the submission of annual scheme information. This will also be the focus of particular attention by the Board in 2013.

Pension coverageThis annual report shows a further fall in the number of active members of pension schemes. This fall is not surprising given the economic situation of the country and the diffi culties faced by those in the workforce and by employers. Nonetheless, it is a cause for concern.

It is important that any debate about how best to provide better pensions is based on a realistic understanding of what adequate pensions will cost. We must also be prepared to examine our assumptions about what are reasonable pension expectations, especially in an era of improved longevity and low interest rates.

I echo the Chairperson’s comments on the importance of stability and trust in the pensions system, and we recognise the responsibility of the Board to contribute through effective regulation, policy advice and the provision of information.

Defi ned contributionThe work of the Board must refl ect the increasing importance of defi ned contribution (DC) pension savings, and we have begun to address a number of DC related issues. The objective of the Board’s work in this area will be to ensure that the outcomes for contributors are as good as possible. The most important issues in defi ned contribution are investment risks and losses, contribution inadequacy and costs, and the Board’s work will comprise a mix of proposed additional regulation, contributor information and trustee guidance.

Chief Executive’s review


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The investment guidelines issued by the Board in early 2013 are an important first step.

The report by the Department of Social Protection on pension charges was one of the most important recent events for pensions and is especially relevant for defined contribution arrangements. This report shows that there are pension schemes which provide good results for members, but there are cases where the charges are much higher than is reasonable. There are no simple solutions for these issues, and there is a lot of work needed to make sure that all pension scheme members receive good value for money. One of the most important findings is the differences in outcomes between small and large schemes. Ireland has more small and especially single member schemes than any other country in Europe, and too often, this results in poorer value for money and lower standards of governance. The Board’s view is that members would benefit if smaller schemes were discouraged and is considering a number of initiatives in this area. The Board will consider making legislative recommendations to the Minister for Social Protection on this matter. It has also initiated a number of specific responses to the recommendations in the report, including promoting better awareness on charges to pension scheme members, trustees and employers, improving the impact of disclosures on fees and charges and enhancing the comparability of charges on different pension products.

The Board is also considering the role and performance of DC trustees and how best to ensure that the role of trustees improves the results for members, and that will be the subject of further discussion during 2013.

Defined benefitAlthough investment returns were generally good during 2012, there has been no overall improvement in the position of defined benefit schemes. The majority of such schemes have considerably less assets than are needed to meet the funding standard, and must prepare and submit a recovery plan to the Board by mid-2013. The Board is well aware that many scheme trustees are facing considerable challenges in preparing such a plan.

The objective of the funding standard is to ensure that contributions are adequate, and that the scheme has a reasonable probability of providing promised benefits to all members. Without an adequate standard, there is a substantial risk that by the time that younger members retire, the scheme assets will have been exhausted in paying the benefits of those who retired before them; the longer that schemes put off meeting the standard, the greater is this risk.

We continue to have concerns about the understanding that some defined benefit trustees have of their role and responsibilities. The task of trustees is to manage the scheme to ensure as far as possible that members and beneficiaries receive the benefits promised under the scheme rules. This requires trustees to understand the finances of their scheme and the risks that it faces, and to manage the scheme to mitigate these risks. This is especially important for investment risks, which are in effect borne disproportionately by the younger members of the scheme.

Many involved in pensions are concerned that the effect of the funding standard rules will be to oblige pension schemes to increase holding of bonds, and for most schemes, this is likely to be the case. However, it should be noted that, even still, Irish pension schemes hold a higher proportion of equities than any other comparable country where the employer is not obliged to underwrite the pension promise. It is also worth noting one of the major causes of the current deficits of defined benefit schemes has been these high equity holdings and the schemes’ reluctance to guard at least partially against the effect of falling interest rates by means of higher bond holdings.

The Board’s view is that investment strategy must be based on the nature of the scheme liabilities, which is in any case, an obligation on trustees under the investment regulations. As long as the obligations of defined benefit schemes are to provide fixed retirement income, the most appropriate investment strategy is likely to include a corresponding amount of high quality bonds, unless the scheme has a reasonable surplus or the sponsoring employer is willing and able to underwrite a less matched investment policy.

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There has been considerable debate in a number of countries, especially the U.K. and the Netherlands, about the cost and sustainability of the defined benefit promise and discussion of possible alternative approaches. The type of benefits provided by occupational pensions is a matter for the sponsoring employer, scheme members and their representatives. However, the Board’s view is that it would be useful to consider alternative models of retirement provision, and not limit scheme design to traditional defined benefit or its polar opposite, pure defined contribution.

Information servicesRegulation is only one part of what is needed to support pension provision. Both those who are currently saving for retirement and those who are considering it need a source of independent, relevant and understandable information. The Board works to provide this information through our website, through publications, and to those who contact the Board directly.

It is not enough to provide information that is technically correct: it must be produced in a form that best suits the enquirer and can be easily understood. The Board has reconfigured its website so that the information we provide to the public is structured in a member-centred way, based on their needs and current situation. We will continue to work on all aspects of information provision to make it as useful as possible, and we will take account of recent developments in this area in both our own work and in the advice we provide to the Minister for Social Protection.

The needs of trustees are different and more extensive than those of contributors, and we recognise our responsibility to meet these specific needs. There is a corresponding responsibility on trustees to recognise that there is specific knowledge needed to fulfil their role, and to take steps to acquire it. There is a wide range of trustee training available, including the Board’s own online facility, but the Board is concerned that a minority of trustees, especially DC trustees, are not meeting their training obligations: this is a priority for our work in 2013.

Policy activity and advicePension legislation is complicated. As a result, any proposed change to pension legislation, regulation or guidance requires a great deal of work and knowledge to ensure that it is consistent with existing provision and does not have any unintended consequences. During 2012, members of the Board’s Executive provided technical support to the Department of Social Protection in preparing the legislation and regulation needed to implement the changes to the defined benefit funding standard, and the Board also issued its own statutory guidance on relevant aspects of the legislative changes. The Executive also completed the implementation of sovereign annuities and the certification of the first products: this is an example of a relatively simple concept which turned out to be extremely difficult in practice. The legal, policy and technical work of the Executive is not particularly visible, but it underlies much of the other work of the Board, and has to be carried out to a high standard.

Managing the organisationThe day to day work of the Board is funded entirely by occupational pension scheme and Personal Retirement Savings Account (PRSA) fees. Apart from the funding allocated by the Department of Social Protection for the 2012 National Pensions Awareness Campaign, the Board receives no Exchequer funding.

Our financial statements for 2012 show a deficit of €738,000. This deficit was principally the result of the recruitment of 12 additional enforcement and legal staff in 2011 and 2012 following the sanction by the Department of Public Expenditure and Reform for additional staffing resources for the Board. The twelve additional staff comprise six permanent posts and six three year contract posts. It is worth noting that, despite the additional staff, total expenditure by the Board was lower in 2012 than in 2006.

This is the first deficit incurred by the Board since 2001: this record reflects the Board’s awareness of its responsibility to manage its affairs as cost-effectively as possible. In recent years, the Board has achieved efficiencies in many areas, including consultancy and legal work, office and, I.T. costs, and these savings have made possible two reductions in fees in recent years.


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Given the current resources of the Board, there is no immediate need for an increase in Board fees. However, the costs of running the Board are greater than the current fee income and this is expected to continue in future years. Eventually it may be necessary to seek an increase in fees. We will continue to monitor our fi nancial position closely.

ConclusionThe Board has an excellent working relationship with the Department of Social Protection, which nonetheless respects the distinct role of each within the pension system. We value the support that we receive from the Department and look forward to continuing to work with our Departmental colleagues.

I would like to thank my colleagues working in the Board for their support, their fl exibility and their hard work in 2012.

I would also like to thank the Chairperson and members of the Board who bring their knowledge and experience to the work of the Board and who constructively challenge the staff of the Board and each other to ensure that we continue to respond to the diffi culties facing Irish pensions.

The recent announcement by the Minister for Social Protection of changes to the structure of the Board and the creation of a Pensions Council marks a signifi cant change to the relationship between this organisation and all those concerned with pensions. The Council will provide all pension stakeholders with a forum in which to make their views known and to provide advice to the Minister. My colleagues and I look forward to working with the Pensions Council in this important work and in advancing the policy advice activity of the present and previous Board members.

Brendan Kennedy

Chief Executive

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The Pensions Board is a statutory body comprising a chairperson and up to 16 ordinary members. While all members are appointed by the Minister for Social Protection under the provisions of the Pensions Act (the Act), the Board must be comprised of representatives of trade unions, employers, consumer interests, pensioner interests, the Government, the pensions industry, member trustees and professional groups involved with pension arrangements.

The term of offi ce for Board members is fi ve years. On 22 December 2010, the Minister for Social Protection announced the appointment of the current Board members.

On 23 April 2013, the Minister for Social Protection announced a number of proposed changes to the structure of The Pensions Board to strengthen governance and regulation of the country’s occupational pensions. The legislative changes will be included in the Social Welfare Bill, 2013.

The current members of the Board are:

Jane WilliamsChairperson

The Sia Group

Nominee of the Minister for Social Protection

(Board meeting attendance: 9/9)

Rosalind BriggsMercer

Nominated by the Society of Actuaries in Ireland


Noreen DeeganFriends First

Nominated by IBEC


Kevin FinucaneWillis Ireland

Nominated by the Association of Pension Lawyers in Ireland


Brendan JohnstonZurich Life Assurance plc

Nominated by the Irish Insurance Federation


Patricia MurphyDepartment of Social Protection

Representative of the Minister for Social Protection


Terence NooneDHKN Chartered Accountants



David OwensDepartment of Public Expenditure and Reform

Representative of the Minister for Public Expenditure and Reform


Emer O’FlanaganO’Driscoll O’Neill Ltd



Don O’HigginsIrish Business and Employers Confederation (IBEC)

Nominated by IBEC


Phelim O’ReillyWillis Ireland

Nominated by the Irish Association of Pension Funds


Rachael RyanSIPTU

Nominated by the Irish Congress of Trade Unions


Mary WalshChartered Accountant



Niall WalshDeloitte & Touche

Nominated by the Consultative Committee of the Accountancy Bodies – Ireland


Robin WebsterAge Action Ireland



Th e Pensions Board


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The Pensions Board Strategy 2011-2015 sets out a series of principal goals which the Board aims to achieve across the regulatory, information, expert advice and corporate functions over the period of the strategy. The strategy document is available under “The Board” section on www.pensionsboard.ie.

This section of the Annual Report provides a qualitative analysis and commentary of progress achieved in 2012 on the basis of the indicators and targets set out in The Pensions Board Strategy 2011-2015. These indicators comprise a set of annual monitoring indicators that measure Board activity and outputs as well as a set of outcome-focused key performance indicators.1

Principal goalsTo support a sustainable pensions system that will provide adequate and reliable pensions for retired and older people and that achieves wide coverage.

The Board aims to achieve this by:

1. safeguarding the interests of occupational pension scheme members and Personal Retirement Savings Account (PRSA) holders through effective regulation

2. developing policy proposals and supporting the Minister and Department of Social Protection and other government departments through high quality policy advice and technical support

3. providing relevant information and guidance to the public and those involved with pensions.

Safeguarding the interests of members through effective regulationIt can be difficult to measure in a quantitative manner many aspects of the Board’s supervisory work. However, the Board feels that regular and detailed desk based audits and onsite inspections are an integral part of the supervisory process in safeguarding pension scheme member’s best interests. It is important to highlight that while the Board expects to see high standards of administration and equally high levels

of compliance it has no hesitation in using its powers under the Act to deal with issues of non-compliance.

The Board’s regulation work is driven by its risk priorities, which means that the focus of attention will be on potentially more serious breaches. However, because supervision depends on being able to get the necessary information, cases where those involved with pension schemes fail to abide by their legal responsibilities to provide information to the Board will always be pursued.

The Board’s risk priorities are:

1. scheme or PRSA assets or contributions being misappropriated

2. benefit entitlements being calculated incorrectly

3. defined benefit schemes being funded inadequately

4. inappropriate investment of pension assets

5. insufficient information provided to members.

The Board expects to learn of most instances of non-compliance through its own proactive supervisory activity and through information provided by pension professionals. However, the Board will continue to respond to and investigate reports or complaints by members of the public.

Investigations and prosecutions

In 2012, 20 prosecutions2 were concluded. The Board secured convictions in 15 cases and a further five cases were struck out or withdrawn due to payment of arrears.

n 15 cases related to deduction and non-remittal to the scheme (Section 58A(1)) and failure to respond to the Board (Section 18).

n five cases related to failure to respond to the Board (Section 18).

Cases prosecuted by the Board in 2012 related to deduction and non-remittance of pension contributions by employers in the construction sector to the Construction Workers’ Pension Scheme (CWPS). Where employers fail to engage with the

Meeting the Board’s strategic objectives

1 See Appendix II and III.

2 See Appendix IV.


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Board or the scheme, the Board uses its prosecution powers under the Act as necessary. This approach reflects the seriousness of these offences in the Board’s risk priorities with non-remittance of contributions being a significant compliance issue. The Board’s regulatory activity has led to prosecutions being taken against companies and their directors.

The Courts have recognised the seriousness of these cases by convicting both the directors and companies concerned and in some cases imposing custodial sentences and/or community service on the company directors as well as fines.

There were 25 new suspected cases of deduction and non-remittance of pension contributions by employers in the construction sector reported to the Board in 2012 as compared to 98 cases in 2011. Since 2007 the Board has been notified of 514 cases alleging deduction and non-remittance of pension contributions to the construction workers scheme.

During 2012, 102 cases were closed. Cases were closed for a number of reasons including:

n employers fully paying off their arrears

n cases deemed unsuitable for prosecution

In 2012 a total of €1,328,341.89 of previously unremitted employer and employee contributions were paid to the construction workers scheme as a direct result of the Board’s intervention.

To date the value of restored contributions to the construction workers scheme resulting from the Board’s activity stands at over €7,000,000 since April 2008.

Fines

During 2012 fines totalling €66,000 were paid over to the Board by 17 trustees of six schemes. These monies were subsequently passed on to the Exchequer.

The grounds for these fines were:

n five schemes for failure to submit or late submission of actuarial funding certificates

n one scheme for failure, over a number of years, to meet statutory deadlines in respect of the preparation and/or disclosure of annual reports and audited accounts and to issue annual benefit statements to members.

The introduction of fines as an alternative to prosecution for specified offences has been very effective in raising the standards of administration and instilling a culture of compliance.

The Board will continue to allocate resources to investigating these specific offences.

Registered Administrators (RAs)

The Board assesses levels of compliance with the Act through a process of direct engagement with regulated entities and their administration providers. Since 2010 the Board has been carrying out onsite inspections of Registered Administrators as part of this process.

Poor pensions administration and record keeping could result in members not receiving all of the benefits to which they are entitled, without necessarily being aware of the fact. The Board’s oversight of Registered Administrators is therefore particularly important.

During 2012, the Board carried out 28 onsite investigations. In four cases, the standard of administration was such that, had remedial action not been taken, the Board would have considered withdrawing the registration of the administrator concerned. The Board will continue these onsite investigations in 2013 and future years, and will take appropriate steps in response to its findings, in conjunction with the Central Bank, where appropriate.

A report on the outcome of the 2012 inspections can be accessed in the Registered Administrators section on the Board’s website.

There were 173 Registered Administrators on the Board’s register at year end and none were refused renewal or had their activities restricted in 2012.

Inspections and meetings

During 2012 the Board held 52 meetings with trustees, pension providers and public service administrators to discuss a range of compliance issues.

For efficiency, the Board focuses on engagement with the trustees of larger schemes, the administrators of public service schemes and PRSA providers. This form of engagement with regulated entities and their administration providers is in keeping with the Board’s risk-based approach to supervising the operation of the Act.

This engagement takes the form of individual meetings with these entities at the Board’s premises to discuss a broad spectrum of compliance issues relating to the Act. Any issues of concern to the Board are identified and a timescale is set to resolve the matter to the Board’s satisfaction. If there are more serious matters that have existed over a period of time the Board will consider appropriate sanctions under the Act.


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Supervision of PRSA providers

There are currently 16 PRSA providers in respect of whom 130 PRSA products have been approved by the Board and the Revenue Commissioners. The details of these are available on the PRSA providers and products register on the Board’s website.

The Board reviews each provider’s PRSA annual report and engages with relevant providers and their actuary to resolve any minor breaches declared in their reports. Where issues of concern to the Board are identified a timescale and resolution plan is agreed with the provider to address such issues. If necessary the Board can restrict or disqualify PRSA providers who do not meet their statutory obligations.

On 15 July 2011 the Central Bank appointed inspectors to Custom House Capital Limited to conduct an investigation into the affairs of this firm. The Board suspended, with effect from 15 July 2011, the approval of the three PRSA products as provided by Custom House Capital Limited. The Board’s investigation into Custom House Capital Limited and its compliance with the Act and relevant regulations was ongoing during 2012.

Membership of occupational pension schemes and PRSA contracts

There was a further fall in the number of active members of occupational pension schemes during 2012. At 31 December 2012 there were 760,620 in 61,232 schemes. There was an overall decrease in DB membership of 7,533 and 6,211 in DC membership. This fall is not surprising given the economic situation of the country and the difficulties faced by those in the workforce and by employers. A significant part of the fall in DB membership can be accounted for by the continuing decline in construction sector employment.

However, during 2012 the number of PRSA contracts in place increased by 8,898 comprising of 5,361 Standard PRSAs and 3,537 Non-Standard PRSAs.

The number of schemes and their respective membership and the number of PRSA contracts in force as at 31 December 2012 are included in the appendices of this report3.

The funding standard

The Board estimates that over 80% of defined benefit schemes were in deficit at the end of the year. Although investment returns were generally good during 2012, there has been no overall improvement in the position of defined benefit schemes. The majority of such schemes have considerably less assets than are needed to meet the funding standard, and must prepare and submit a recovery plan to the Board by mid-2013.

In 2012, five sets of statutory guidance were introduced on the following: sovereign annuities and the funding standard; employer undertakings; contingent assets; funding proposals; and section 50 benefit reductions. This statutory guidance is available on the Board’s website.

Funding proposals

The Board has not required schemes to furnish recovery plans in recent years. During 2012 the Board set the deadline of 30 June 2013 for all defined benefit schemes in deficit to submit a funding proposal to the Board. The main change brought about by the 2012 Act is that where the term of a funding proposal extends beyond 1 January 2016, the trustees must ensure that their funding proposal takes account of the funding standard reserve requirement in addition to the funding standard.

During 2012, the Board received 10 Section 49(3)4 applications and specified a later date in respect of nine of these cases. Further clarification is being sought in one case. There were 10 Section 505 applications received. Nine were approved and one application was withdrawn during 2012.

The Pensions Insolvency Payment Scheme (PIPS)

The Pensions Insolvency Payment Scheme is a cost-neutral Exchequer scheme offering special payments in cases where a defined benefit pension scheme is winding up in deficit (on a minimum funding standard basis) and the sponsoring employer becomes insolvent – the “double insolvency” criterion. In the case of multi-employer schemes, all sponsoring employers must be insolvent for a scheme to qualify for this support.

3 See Appendix V.

4 A Section 49(3) application seeks Pensions Board approval for a recovery plan under which the scheme will be returned to solvency.

5 A Section 50 application seeks Pensions Board approval for benefit reductions that a scheme plans to introduce to assist the scheme returning to solvency.

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The Board received four applications during 2012 and certified all four as being eligible for consideration under the scheme and forwarded the applications to the Department of Public Expenditure and Reform for the next stage of the process.

Sovereign annuities

Legislation facilitating the introduction of sovereign annuities was introduced in the Social Welfare and Pensions Act, 2011.

A sovereign annuity is an annuity contract issued by insurance companies where the annual income payment is linked directly to payments under bonds issued by Ireland or any other EU Member State (known as reference bonds). Sovereign annuities can only be purchased by the trustees of occupational pension schemes (both defined benefit and defined contribution schemes). Insurance companies interested in offering such products must have them certified by the Board under Section 53B of the Act.

In 2012 the Board certified the first sovereign annuity policy. Details of all sovereign annuity product providers are available on the Board’s website.

Further information for trustees on sovereign annuities is available on the Board’s website.

Developing policy proposals and supporting the Minister and Department of Social Protection through high quality policy advice and technical supportThe Board provides policy advice to the Minister and Department of Social Protection and the Board’s Executive provide technical support on pensions matters to the Department and other agencies of Government. This advice can be provided at the initiative of the Board or at the request of the Minister or Department of Social Protection. This work is informed by the knowledge gained by the Board from its regulatory activity and by ongoing monitoring and analysis of trends in occupational pensions. The Board’s Executive also participated in and supported a number of the working groups of the Board involved in policy related matters.

Activity in 2012 included:

n the Board’s Executive provided technical support to the development of policy proposals for defined benefit pension provision including a review of the funding standard.

n a consultation on the simplification of defined contribution pension provision. The consultation process ended in February 2012 and the issues identified are the basis for continuing work by the Board.

n participating in a project on pension charges. The project was led by the Department of Social Protection with input from the Board and the Central Bank. Work began in autumn of 2011 with the aim of obtaining comprehensive and detailed information on all types of costs across all pension scheme types. This report on charges was published in October 2012.

n participating on an Inter-Departmental group on work and retirement, led by the Department of Social Protection and dealing with policy issues relating to the increase in the State Pension Age.

EU regulatory policy

The Board was also active in contributing to EU regulatory policy through its participation in the European Insurance and Occupational Pensions Authority (EIOPA). The Chief Executive of The Pensions Board continued to chair the Occupational Pensions Committee (OPC) of EIOPA. During 2012, this committee continued its work preparing and finalising a

response to the EU Commission’s call for advice on the review

of Institutions for Occupational Retirement Provision (IORP)

Directive.

As an extension of this work, the committee commenced work on a Quantitative Impact Study (QIS) of the effect that a possible harmonisation of pensions funding rules across Europe might have on IORPs. The work on this study is expected to be completed by mid-2013 but there could well be a requirement for follow up work.

The Board also participated in the Information and Best Practice Subgroup of the OPC which developed best practice guidelines on the provision of information for defined contribution schemes. The guidelines are designed to enable policymakers to take into account established and recent insights about the way people process information and make financial decisions.

Providing relevant information and guidance to the public and those involved with pensionsThe Board works to sustain and enhance its position as an independent, relevant and trustworthy source for pension information.


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The Board supports regulatory activity by providing an integrated information and enquiry service to the following:

n members of the public, both with and without pensions

n occupational pension scheme members and PRSA contributors

n scheme trustees and the pensions industry

n the media, who are a conduit to others.

The Board dealt with 6,295 enquiries in 2012. The majority of enquiries related to matters concerning disclosure of information, trustee duties, preservation, funding standard and PRSAs. Eight enquiries were forwarded to the Board’s enforcement unit for further action during 2012.

All enquiries are logged on the Board’s enquiry database and remain open until a final resolution has been achieved. Any emerging trends of concern arising from general enquiries are closely monitored by the Board.

Information publications

The Board provides a comprehensive range of free information and guidance material which is regularly updated and amended to reflect changes in pensions’ legislation and regulation.

During 2012 the Board produced statutory guidance and a number of booklets and checklists were published or updated6.

All this material is available on the Board’s website where the Board also provides a free email alert service that notifies subscribers of any new information being posted on the website.

The Board’s website (www.pensionsboard.ie)

The Board has added a new pension information lifecycle section to its website called ‘Understanding your pension’. This searchable facility allows current and prospective pension scheme members alike select their own personal pension circumstances and receive information relevant to their personal stage in the pension lifecycle. The new section features an improved pension calculator, budget and risk tools as well as videos to explain pensions in plain language.

Public presentations and media relations

During 2012 the Board attended and presented at a diverse range of public events nationwide, issued 26 news releases and dealt with over 70 direct media enquiries. The Board provides information and educational articles and materials covering all aspects of pensions for both the media and a comprehensive range of consumer and industry stakeholders. The Board regularly seeks media opportunities to promote public discussion of pension issues.

Trustee support services

The Board recognises the essential role trustees play within the pension system.

Under the Act, the Board has an obligation to offer guidance to trustees and provides a range of resources to support trustees including:

n the Trustee Handbook

n trustee training e-learning system

n a register of trustee trainers.

Trustee training

During 2012 the Board continued to promote the requirement for trustees to receive formal training. Trustees are required to receive training within six months of their appointment and at least every two years thereafter. Trustees must also report their compliance with these obligations in their scheme’s annual report. The Board will monitor trustee training compliance on an ongoing basis.

National Pensions Awareness Campaign (NPAC)

In 2012 the campaign continued its objective to communicate the importance of adequate pension provision among the sectors with traditionally low levels of pension coverage. The awareness campaign engaged throughout the year with the various associations representing the hospitality, retail and agricultural sectors and organisations representing women and young people. Activity with these groups included promoting the importance of pensions through their websites and social media, attendance at their events and editorial coverage in their newsletters and trade publications.

During 2012 the National Pensions Awareness Campaign continued to work alongside the National Consumer Agency and support its work on the ‘Money Skills for Life’ Workplace programme as well as continuing as a member of the OECD International Network on Financial Education.

6 See Appendix VI.


14


To meet the objectives of the strategy the Board has established a number of working groups and committees7. These working groups focus on current priority pension issues, and or emerging issues which have been agreed by the Board as key areas of focus and attention. The outcome of the work is usually a set of recommendations and proposals to the Board for consideration.

Defined benefit (DB) working group (met five times in 2012)The DB working group has been established by the Board to provide a forum where issues specific to DB pensions can be analysed and discussed. During 2012 the working group developed an overview guide on the funding standard and FAQs on recent changes to the funding standard which are published on the Board’s website.

Defined contribution (DC) working group (met thirteen times in 2012)The DC working group was established by the Board in late 2011. The focus of the group is to provide a forum where issues specific to DC pensions can be analysed and discussed. The underlying purpose is to inform the Board’s regulatory stance on DC pensions and to contribute to the development of Board policy on DC pensions. The scope of the group’s work includes all forms of DC provision, i.e., occupational schemes, PRSAs and RACs.

In 2012 the working group developed guidelines on investment for trustees of DC pension schemes. This process included a consultation with the industry. The guidelines aim to assist trustees of DC schemes and their advisors in deciding on the investment choices to be made available to scheme members. The guidelines were finalised in late 2012 and published online in January 2013.

Finance and audit committee (met six times in 2012)The finance and audit committee is a key governance committee of the Board and through its work aims to ensure that the Board is compliant with its governance obligations as a State body. This includes the ongoing oversight and assessment of the Board’s financial affairs and corporate governance systems. The finance and audit committee reports to the Board and regularly commissions internal audits and reviews, carried out by an external audit service provider. The committee successfully completed an internal audit programme in 2012. The programme consisted of a review of procurement (value for money), implementation and outputs from the Board’s data management system ISIS and testing to support the Chairperson’s statement on the effectiveness of the system of internal financial control.

National Pensions Awareness Campaign (NPAC) working group (met twice in 2012)The Board has run NPAC on behalf of the Government since 2003. The campaign was established to increase public awareness of pensions with a view to improving pension coverage. The Minister for Social Protection allocated €400,000 for the continuation of NPAC in 2012. The working group reviewed and recommended the action plan and advertising awareness activity programme for 2012 to the Board.

Pensions and employment working group (met five times in 2012)The group produced a report on pensions and employment issues, particularly with reference to the increase in the State Retirement Age. This report was sent to the Minister for Social Protection.

Current working groups and committees of the Board

7 See Appendix I for membership details of each group.


15

Regulatory advisory group (RAG)The regulatory advisory group is a strategic working group whose function is to advise the Chief Executive, the Board and the regulatory review group on issues of principle and general regulatory policy. It does not advise on specific cases. In 2012 the regulatory advisory group did not meet.

In the fourth quarter of 2012, the Board revised the terms of reference of the regulatory advisory group and decided that its membership should be increased to six Board members. In 2013, Board representation was increased and a new Chairperson was appointed.

Regulatory review group (RRG) (met ten times in 2012)The Board has delegated the exercise of a number of regulatory functions under the Act to the Chief Executive. In order to maintain regulatory oversight of those functions which have been delegated to the Chief Executive, the Chief Executive is required to consult with the regulatory review group before deciding to exercise a delegated regulatory function in a particular case.

The work of the regulatory review group involves discussion of specific cases with a view to the Chief Executive taking regulatory decisions, imposing sanctions or instigating legal proceedings in particular cases. Cases where the regulatory review group is required to be consulted include those involving the approval of funding proposals and section 50 benefit reductions, the issuing of on-the-spot fines, decisions as to whether a prosecution should be initiated, decisions to refuse to register or renew a Registered Administrator and the proposed use of any of the Board’s powers which require an application to the High Court.

Remuneration committee (met four times in 2012)The committee sets performance targets for the Chief Executive. It also reviews the CEO’s performance against the targets set and, when appropriate, sets the remuneration of the Chief Executive within the guidelines for the Public Service and the CEO’s contract. The process was established in 2011 and is now in its second year. The committee and CEO agree that the process plays a significant role in delivering the Board’s objectives and targets and in achieving accountability, albeit that the traditional link between performance and reward outcomes cannot apply at present due to public sector pay restrictions.

Research and communications working group (met once in 2012)The research and communications working group was established during 2012. Its focus is two-fold – to develop a communications plan which supports the overall work of the Board in raising awareness amongst the Irish public of the need to save for retirement. The plan will, in turn, be informed by the outcome of behavioural research to understand more fully the Irish consumer’s attitude to pensions and savings.

16


The Board is aware of its responsibility as a government agency to achieve and demonstrate value for money and efficiency in all its activities. The Board actively investigates and pursues opportunities for cost savings and efficiencies including the use of shared services and outsourcing. The Board makes maximum use of information computer technology to optimise efficiency and to focus regulatory activity on areas of greatest risk.

Organisational structureThe Board’s operational executive structures were reorganised during 2012 in order to ensure that the Board’s regulatory practices and procedures remain efficient and that activities are aligned to the risk priorities.

The Board has five main areas of activity:

1. Enforcement

Enforcement is responsible for investigations of possible non-compliance, instigation of Board prosecutions and other sanctions. Enforcement are also responsible for the ongoing oversight of Registered Administrators and Personal Retirement Savings Accounts providers.

2. Funding and Actuarial

Funding and Actuarial are responsible for the oversight of defined benefit scheme funding and for the processing of funding and related proposals.

3. Operations

Operations are responsible for all routine interaction with the public through the provision of the Board’s information, guidance and enquiry services. Operations oversee the updating and reliability of all regulatory data submitted to the Board through its Interactive Scheme Information System (ISIS).

4. Policy

Policy is responsible for policy advice, development and delivery. Policy manages Board relationships with external Government and pension representative organisations and institutions.

5. Legal and Corporate Services

Legal and Corporate Services are responsible for providing legal advice and support for all aspects of the Board’s activity. Corporate Services are responsible for financial controls, compliance, human resources, office facilities and act as secretariat to the Board.

Occupational pension scheme and PRSA feesIn 2012 the Board collected €3.23 million in occupational pension scheme fees and RAC fees, a decrease of 9% on the previous year. The Board also collected €1.68 million in respect of PRSA products which was consistent with the 2011 position.

Human resourcesIn order to support activities during 2012, a number of industry focused training and development initiatives were launched for employees of the Board. The aim of these initiatives is to take a proactive approach to training and development and to ensure that employees are equipped to deal with changes in the area of pensions and regulation.

Organisational and individual performance management and training and development needs are identified through the Board’s Performance Management Development System (PMDS). Employees continuously seek new ways to improve business processes and service delivery.

Health and safetyThe Board is committed to supporting the health and safety of its employees and to providing a safe place of work. Health and Safety practices are continuously reviewed and there were no accidents or incidents to report during 2012.

Energy usageIn 2012, the total energy consumption by the Board was 167,900 KWh of electricity. As the Board occupies 10,600 square feet of modern energy efficient office space in Dublin city centre, there is limited scope for any further sizeable reductions in energy usage. However this will continue to be reviewed.

Prompt paymentsThe Board operates a 15 day payment policy. Quarterly prompt payment reports are returned to the Department of Social Protection and posted on the Board’s website.

Running an efficient organisation


17

Day to day decision making is delegated to staff under the Board’s active supervision.Staff of the Board at 31 December 2012.

Brendan KennedyChief Executive

Assistant Principal Offi cers

Aideen Bugler

Eoin Cassells

Gerard Clarke

Madeleine Delaney

Catherine Goulding

Mary Howe

Maura Howe

Andrew Nugent

Cheryl Richardson

John Shanahan

Higher Executive Offi cers

Mary Broderick

Martin Buggy

Rachael Gleeson

Ciarán Holahan

Deirdre Kelly

Jo Kenny

John McCarthy

Dympna Moran

Paul Muldowney

Eimear Murphy

Kieran O’Dea

Executive Offi cers

Sherry Bass

Valerie Christie

Maire Ni Fhiachain

Alison Flynn

Emily Keyes

Cathy Lynch

Catherine McAuley

Renée O’Reilly

Edel Stenson

Christina Winters

Clerical Offi cers

Laura Allen

Robert Bradley

David Byrne

Mary Conlon

Niamh Crowley

Marie Earley

Paul Flaherty

Eileen Flynn

Emma Hunter

Lydia Leonard

Julie McCarthy

Maura Moroney

Mary HutchHead of Policy

Tom DunphyHead of Enforcement

Pat O’SullivanHead of Funding and Actuarial

Sylvia McNeeceHead of Legal

Grace GuyDeputy Head of Legal

(Secretary to the Board)

David MaloneHead of Operations

Th e Pensions Board staff

18


Financial statementsfor the year ended 31 December 2012

Report of the Comptroller and Auditor General 19

Statement of Board responsibilities 21

Statement on internal financial control 22

Statement of accounting policies 23

Income and expenditure account 24

Balance sheet 25

Cash flow statement 26

Notes to the financial statements 27


19

An Bord PinseanI have audited the financial statements of An Bord Pinsean for the year ended 31 December 2012 under the Pensions Act 1990. The financial statements, which have been prepared under the accounting policies set out therein, comprise the statement of accounting policies, the income and expenditure account, the balance sheet, the cash flow statement and the related notes. The financial statements have been prepared in the form prescribed under Section 22 of the Act, and in accordance with generally accepted accounting principles.

Responsibilities of the BoardThe Board is responsible for the preparation of the financial statements, for ensuring that they give a true and fair view of the state of the Board’s affairs and of its income and expenditure, and for ensuring the regularity of transactions.

Responsibilities of the Comptroller and Auditor GeneralMy responsibility is to audit the financial statements and report on them in accordance with applicable law.

My audit is conducted by reference to the special considerations which attach to State bodies in relation to their management and operation.

My audit is carried out in accordance with the International Standards on Auditing (UK and Ireland) and in compliance with the Auditing Practices Board’s Ethical Standards for Auditors.

Scope of Audit of the Financial StatementsAn audit involves obtaining evidence about the amounts and disclosures in the financial statements, sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of

n whether the accounting policies are appropriate to the Board’s circumstances, and have been consistently applied and adequately disclosed

n the reasonableness of significant accounting estimates made in the preparation of the financial statements, and

n the overall presentation of the financial statements.

I also seek to obtain evidence about the regularity of financial transactions in the course of audit.

In addition, I read the Board’s annual report to identify material inconsistencies with the audited financial statements. If I become aware of any apparent material misstatements or inconsistencies, I consider the implications for my report.

Opinion on the Financial StatementsIn my opinion, the financial statements, which have been properly prepared in accordance with generally accepted accounting practice in Ireland, give a true and fair view of the state of the Board’s affairs at 31 December 2012 and of its income and expenditure for the year then ended.

In my opinion, proper books of account have been kept by the Board. The financial statements are in agreement with the books of account.

Report of the Comptroller and Auditor General for presentation to the Houses of the Oireachtas

20


Matters on which I report by exceptionI report by exception if

n I have not received all the information and explanations I required for my audit, or

n my audit noted any material instance where moneys have not been applied for the purposes intended or where the transactions did not conform to the authorities governing them, or

n the information given in the Board’s annual report is not consistent with the related financial statements, or

n the Statement on Internal Financial Control does not reflect the Board’s compliance with the Code of Practice for the Governance of State Bodies, or

n I find there are other material matters relating to the manner in which public business has been conducted.

I have nothing to report in regard to those matters upon which reporting is by exception.

Patricia Sheehan

For and on behalf of the Comptroller and Auditor General

28 May 2013

Report of the Comptroller and Auditor General for presentation to the Houses of the Oireachtas continued


21

Section 22(1) of the Pensions Act, 1990, as amended, requires the Board to prepare financial statements in such form as may be approved by the Minister for Social Protection with the concurrence of the Minister for Finance. In preparing the financial statements, the Board is required to:

n select suitable accounting policies and then apply them consistently

n make judgements and estimates that are reasonable and prudent

n prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Board will continue in operation

n disclose and explain any material departures from applicable accounting standards.

The Board is responsible for keeping proper books of account, which disclose with reasonable accuracy at any time the financial position of the Board and which enable it to ensure that the financial statements comply with Section 22(1) of the Pensions Act, 1990, as amended. The Board is also responsible for safeguarding the assets of the Board and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Jane Williams Niall Walsh Chairperson Board member

13 May 2013

Statement of Board responsibilities

22


Responsibility for system of internal financial controlOn behalf of the Board, I acknowledge our responsibility for ensuring that an appropriate system of internal financial control is maintained and operated.

The system can only provide reasonable and not absolute assurance that assets are safeguarded, transactions authorised and properly recorded and that material errors or irregularities are either prevented or would be detected in a timely period.

Key control proceduresThe Board has taken steps to ensure an appropriate control environment by:

n clearly defining management responsibilities

n establishing reporting procedures to control significant failures and ensuring appropriate corrective action is taken

n establishing a dedicated Finance and Audit Committee

n clear separation of Board and Executive functions

n publication of a Code of Conduct for the Board members and staff of the Board

n appointing internal auditors.

The Board has established processes to identify and evaluate business risks by:

n identifying the nature, extent and possible implication of risks facing the Board including the extent and categories which it regards as acceptable

n assessing the likelihood of identified risks occurring

n assessing the Board’s ability to manage and mitigate the risks that do occur

n having regard to the costs of operating particular controls relative to benefit obtained.

The system of internal financial control is based on a framework of regular management information, administrative procedures including segregation of duties and a system of delegation and accountability. In particular it includes:

n a comprehensive budgeting system with an annual budget which is reviewed and agreed by the Board

n regular reviews by the Finance and Audit Committee and the Board of periodic and annual financial reports which indicate financial performance against forecasts

n setting targets to measure financial and other performance

n regular internal audits.

As implemented in 2003 the internal audit function is a key element in informing the Board of the effectiveness of the system of internal financial control. The internal auditors operate in accordance with the Code of Practice for the Governance of State Bodies. The work of internal audit is informed by analysis of the risk to which the body is exposed and a full risk analysis exercise has been undertaken in that regard.

The analysis of risk and the internal audit plans are endorsed by the Finance and Audit Committee and approved by the Board.

The Board has in the year ended 31 December 2012, through the ongoing activity of its Finance and Audit Committee, monitored the work of the Executive in the area of financial control. Specifically, the Committee examined the following:

n regular and/or periodic management accounts for 2012, with analysis and explanation of significant deviations from budget

n annual accounts for 2011 and explanation of significant variances

n annual budget and financial plan for 2013

n review of occupational pension scheme fee

n review of investment strategy

n internal audit reports.

Annual review of controlsI confirm that in respect of the year ended 31 December 2012 the Board conducted a review of the effectiveness of the system of internal financial control.

Jane Williams Chairperson

13 May 2013

Statement on internal financial control


23

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.

a) Basis of preparation of financial statementsThe financial statements are prepared under the accruals method of accounting and under the historical cost convention in the form approved by the Minister for Social Protection with the concurrence of the Minister for Finance, in accordance with Section 22(1) of the Pensions Act, 1990, as amended.

The financial statements are also prepared in accordance with accounting standards generally accepted in Ireland, being standards developed by the Accounting Standards Board. The financial statements are denominated in euro.

b) Fee incomeFee income represents:

i) The amount estimated by the Board as collectable in respect of occupational pension schemes in the year. This estimate takes account of cash receipts and the reasonableness of this figure is checked against the expected fee income based on the Board’s computerised profile of schemes

ii) Amounts due in respect of application, product and annual fees levied on Personal Retirement Savings Account (PRSA) providers. Annual PRSA fees are calculated by reference to the number of registered approved products and the value of funds under management by the provider as at the end of the prior year.

c) State grantState grant represents the amount made available in respect of the year by the Department of Social Protection to:

n recoup the cost of superannuation benefits paid by the Board

n meet the costs associated with the National Pensions Awareness Campaign

n contribute to other relevant costs.

d) PRSA capital reserveThis reserve represents the unamortised amount of State grant used for the purchase of fixed assets relevant to PRSA administration and is amortised in line with depreciation of the relevant assets acquired.

e) Tangible fixed assets and depreciationTangible fixed assets are shown at cost less accumulated depreciation. Depreciation is charged in the income and expenditure account on a straight-line basis at the annual rates set out below, so as to write off the assets, adjusted for estimated residual value, over the expected useful life of each appropriate category.

n Leasehold improvements 6²⁄³% – 15 years

n Computer equipment 25% – 4 years

n Office furniture 12½% – 8 years

n Office equipment 20% – 5 years

f) Operating leaseRental payments are dealt with in the income and expenditure account in the year to which they relate.

g) SuperannuationIn view of the arrangements, as described in note 19, which the Board has in place in relation to the defined benefit scheme it operates for employees, the Board is of the view that the provisions of Financial Reporting Standard 17, Accounting for Retirement Benefits in relation to accounting for pension liabilities which arise under defined benefit schemes, are not applicable.

Accordingly, the Board charges the employer contributions to income and expenditure in the year as if the scheme was a defined contribution scheme.

Superannuation benefit payments are included as an expenditure item and shown as a corresponding income representing recoupment of payments from the Department of Social Protection.

h) Compliance enforcement reserveAs the Board is a statutory regulatory body charged with monitoring and enforcing compliance by scheme trustees with the provisions of the Pensions Act, 1990, as amended, it may be necessary for the Board, from time to time, to have recourse to legal action.

In certain cases, such action could involve the Board in significant costs. It is not possible to anticipate when such cases may arise or the resulting level of costs, but the Board considers it prudent to ensure that adequate resources are available and to spread such costs over the years.

Accordingly, amounts are transferred from the income and expenditure account to the compliance enforcement reserve when deemed necessary.

Statement of accounting policies

24


Notes2012

€2011

€

Income

Occupational pension scheme fees 3,232,268 3,587,363

Personal Retirement Savings Account fees 1,680,721 1,699,156

State grant in respect of:

Pension payments to retired staff 295,821 130,646

National Pensions Awareness Campaign costs 1 400,000 377,208

Other income 2 228,909 189,708

Total income 5,837,719 5,984,081

Transfer from PRSA capital reserve 15 26,851 27,841

5,864,570 6,011,922

Expenditure

Salaries, pensions and related expenses 3 & 4 3,993,583 3,247,286

Board members’ fees and expenses 5 91,077 105,525

Rent and offi ce expenses 6 743,397 747,633

Training, education and staff related expenses 7 122,690 75,489

Information, research and publicity 8 284,589 304,271

Consultancy and other professional fees 9 697,135 571,079

General administration 10 390,214 360,753

Depreciation 11 279,730 250,031

Total expenditure 6,602,415 5,662,067

(Defi cit)/Surplus for the year (737,845) 349,855

Revenue reserve at 1 January 6,825,040 6,475,185

(Defi cit)/Surplus for the year (737,845) 349,855

Revenue reserve at 31 December 6,087,195 6,825,040

The Board had no gains or losses in the fi nancial year or the preceding fi nancial year other than those dealt with in the income and expenditure account.

The results for the year relate to continuing operations.

The statement of accounting policies, cash fl ow statement and notes 1 to 24 form part of these fi nancial statements.

Jane Williams Brendan KennedyChairperson Chief Executive

13 May 2013

Income and expenditure accountfor the year ended 31 December 2012


25

Notes

2012

€

2012

€

2011

€

2011

€

Fixed assets

Tangible assets 11 619,515 736,768

Current assets

Debtors 12 555,868 528,042

Bank 18 6,831,731 7,649,097

7,387,599 8,177,139

Current liabilities

Creditors amounts falling due within one year 13 337,115 479,212

Net current assets 7,050,484 7,697,927

Total assets 7,669,999 8,434,695

Financed by

Compliance enforcement reserve 16 1,500,000 1,500,000

PRSA capital reserve 15 82,804 109,655

Revenue reserve 6,087,195 6,825,040

7,669,999 8,434,695

The statement of accounting policies, cash fl ow statement and notes 1 to 24 form part of these fi nancial statements.

Jane Williams Brendan KennedyChairperson Chief Executive

13 May 2013

Balance sheetat 31 December 2012

26


Notes 2012

€2011

€

Cash flow statement

Net cash (outflow)/inflow from operating activities 17 (737,652) 452,133

Returns on investments and servicing of finance

Interest received 187,632 133,728

Capital expenditure

Payments to acquire tangible fixed assets (268,246) (210,490)

Receipts from sale of tangible fixed assets 900 –

Management of liquid resources

Decrease/(increase) in short term deposits 649,635 (109,866)

(Decrease)/increase in cash (167,731) 265,505

Reconciliation of net cash flow to movement in net funds 18

(Decrease)/increase in cash in the year (167,731) 265,505

(Decrease)/increase in short term deposits (649,635) 109,866

Movement in net funds in the year (817,366) 375,371

Net funds at 1 January 7,649,097 7,273,726

Net funds at 31 December 6,831,731 7,649,097

Cash flow statementfor the year ended 31 December 2012


27

1. National Pensions Awareness Campaign funding and costs

The Board on behalf of the Government continued the National Pensions Awareness Campaign in 2012. A grant of €400,000 (2011, €377,208) from the Department of Social Protection was made available in the year for this purpose. The primary objective of the NPAC was to heighten pension awareness with a view to increasing pension coverage in Ireland.

The grant was spent in the following main cost categories:

2012€

2011€

Information and awareness activities 292,618 253,926

Project management 94,728 96,934

Administration 12,595 26,348

399,941 377,208

2. Other income

2012€

2011€

Interest income 220,339 170,564

Court costs 6,950 16,904

Miscellaneous income 1,620 2,240

228,909 189,708

3. Employee costs

The average number of full time equivalent employees during the year was 48, (2011, 40.2). The aggregate employee and related costs were as follows:

2012€

2011€

Salaries 2,733,103 2,309,477

Employer superannuation contributions1 719,750 598,313

Employer PRSI contributions 237,476 179,840

Superannuation benefits payable 295,821 130,646

Contract staff – general 7,433 29,010

3,993,583 3,247,286

1 See note 19.

4. Chief Executive Officer remuneration

2012€

2011€

Salary 153,885 153,885Employer superannuation contribution 38,471 38,471

192,356 192,356

The Chief Executive’s pension entitlements do not exceed the standard entitlements provided in the model public sector defined benefit superannuation scheme.

Notes to the Financial Statementsfor the year ended 31 December 2012

28


5. Board members’ fees and expenses

2012€

2011€

Board fees 90,203 103,669Expenses2 874 1,856

91,077 105,525

2 Domestic travel and subsistence relating to travel costs for attendance at Board meetings.

Board fees

Name2012

€2011

€Jane Williams – Chairperson 11,970 11,970Noreen Deegan 7,695 7,695Brendan Johnston 7,695 7,695Terence Noone 7,695 7,695Emer O’Flanagan 7,695 7,695Rosalind Briggs 7,695 7,695Don O’Higgins 7,695 7,695Phelim O’Reilly 7,695 7,695Rachael Ryan 1,283 7,695Mary Walsh 7,695 7,695Robin Webster 7,695 7,695Niall Walsh 7,695 7,695John McHale (resigned in December 2011) – 7,054

90,203 103,669

6. Rent and office expenses

2012€

2011€

Rent 560,042 564,075Service charge 45,665 47,316Rates 61,379 62,442Electricity 32,076 26,565Cleaning 22,314 21,547General maintenance 16,170 20,655Offsite storage 5,751 5,033

743,397 747,633

The Board occupies office premises at Verschoyle House, Lower Mount Street, Dublin 2, under a 25 year lease, which commenced on 16 July 2001.

Notes to the financial statements continued


29

7. Training, education and staff related expenses

2012€

2011€

Training and education 95,930 49,567

Staff related expenses3 26,760 25,922

122,690 75,489

3 Includes canteen expenses, contributions to staff sports and social club and other activities.

8. Information, research and publicity

2012€

2011€

Advertising and awareness activities 179,663 201,397

Printing, publications and website 41,631 51,547

Information stands and launches 40,044 19,126

Research 23,251 32,201

284,589 304,271

9. Consultancy and other professional fees

2012€

2011€

Legal advice 359,958 330,610Investigations and compliance support 32,910 109,266Public relations and information 5,166 23,247Project development 189,343 10,636Research consultancy 32,472 26,348Technical/pension consultancy fees 6,150 14,453Internal audit fees 19,065 18,168Statutory audit fees 14,100 14,100Recruitment consultancy 7,056 7,710Other 30,915 16,541

697,135 571,079

10. General administration

2012€

2011€

Stationery and administration expenses 58,735 41,826

Corporate subscriptions 72,838 59,826

Telephone and postage 42,834 44,072

Computer maintenance and consumables 113,562 121,198

Travel and subsistence 49,479 42,883

Insurances 49,209 48,553

Interest and charges 3,557 2,395

390,214 360,753

30


11. Tangible fixed assets

Leasehold improvements

Computer equipment

Office furniture

Office equipment Total

€ € € € €

Cost or Valuation

At 1 January 2012 1,157,692 1,365,883 209,224 85,444 2,818,243

Additions in year 5,742 147,493 – 9,242 162,477

Disposals in year4 – (445,457) (369) (14,023) (459,849)

At 31 December 2012 1,163,434 1,067,919 208,855 80,663 2,520,871

Accumulated Depreciation

At 1 January 2012 837,137 992,601 194,769 56,968 2,081,475

Charge for year 77,562 185,943 3,367 12,858 279,730

Disposals in year – (445,457) (369) (14,023) (459,849)

At 31 December 2012 914,699 733,087 197,767 55,803 1,901,356

Net Book Value

At 31 December 2011 320,555 373,282 14,455 28,476 736,768

At 31 December 2012 248,735 334,832 11,088 24,860 619,515

4 Disposals in the year related to certain IT equipment and software that became obsolete when replaced by the Board’s

Interactive Scheme Information System (ISIS).

12. Debtors

2012€

2011€

Amounts falling due within one year:

Fee income 370,000 400,000

Accrued interest receivable 106,527 73,820

Prepayments and accrued income 57,284 37,648

Debtors other 22,057 16,574

555,868 528,042

13. Creditors

2012€

2011€

Amounts falling due within one year:

Creditor accruals 205,823 163,573

Capital accruals 23,993 129,763

Tax creditor 91,505 110,178

DSP creditor 6,000 36,792

Trade creditors 9,794 38,906

337,115 479,212



31

14. Financial commitments

(i) Capital commitments

There were no capital commitments at 31 December 2012.

(ii) Operating leases

The Board had commitments payable in the next twelve months under non-cancellable operating leases as follows:

2012€

2011€

Lease of office accommodation

Expiring after five years 555,000 555,000

15. PRSA capital reserve

2012€

2011€

At beginning of year 109,655 137,496

Transfer to Income and Expenditure Account

Amortisation – prior year’s acquisitions (26,851) (27,841)

At end of year 82,804 109,655

16. Compliance enforcement reserve

2012€

2011€

At beginning and end of year 1,500,000 1,500,000

17. Reconciliation of surplus/(deficit) for the year to net cash inflow/(outflow) from operating activities

2012€

2011€

(Deficit)/surplus for year (737,845) 349,855

Non-operating items

Interest received (187,632) (133,728)

Gain on disposal of fixed assets (900) –

Non-cash items

Transfer (from) PRSA capital reserve (26,851) (27,841)

Depreciation 279,730 250,031

(Decrease) in debtors (27,826) (63,173)

(Increase)/decrease in non-capital creditors (36,328) 76,989

Net cash (outflow)/inflow from operating activities (737,652) 452,133

32


18. Analysis of changes in net funds

At 1January

2012€

Cash flow

€

At 31 December

2012€

Cash at bank and on hand 692,933 (167,731) 525,202

Short term deposits 6,956,164 (649,635) 6,306,529

7,649,097 (817,366) 6,831,731

19. Accounting treatment for retirement benefits5

The Board operates a defined benefit pension scheme for its employees. The scheme structure is based on the Public Service Model and is approved by the Minister for Social Protection and the Minister for Finance. Pension benefits payable under the scheme are funded by the Exchequer.

In addition, the Board’s arrangements have a number of specific characteristics:

n the Board makes an agreed contribution to the Department of Social Protection;

n the contribution comprises an employee element along with an employer element. The employer contribution amounts to 25% of gross pay for employees paying PRSI at the A rate and 30% of gross pay for employees paying PRSI at the D rate and is paid by the Board; and

n there is an explicit commitment from the Department of Social Protection, with the agreement of the Department of Finance, that the Exchequer will meet the cost of benefits as they fall due.

The Board considers that its pension arrangements as described above have the same financial effect from the Board’s point of view as a defined contribution scheme. It is of the view that the provisions of Financial Reporting Standard 17, Accounting for Retirement Benefits, which arise under defined benefit schemes are not appropriate. Accordingly it accounts for its contribution as if the scheme was a defined contribution scheme.

5 See note 3.

The total superannuation deductions and contributions remitted to the Department of Social Protection were as follows:

2012€

2011€

Employer ordinary contributions 719,750 598,313

Employee ordinary contributions 173,532 125,390

Pension related deduction6 184,779 153,306

1,078,061 877,009

6 Deducted from staff members and remitted to the Department of Social Protection pursuant to the Financial Emergency

Measures in the Public Interest Act, 2009.



33

20. Board members – disclosure of transactions

The Board in accordance with the Code of Practice for the Governance of State Bodies has a Code of Business Conduct in place for Board members and employees. This code includes guidance in relation to the disclosure of interests by Board members and these procedures have been adhered to by the Board during the year. The Board from time to time engages the services of appropriately qualified external consultants to undertake assignments to assist the Board in its work. Such contractual arrangements are subject to the normal tendering procedures, which apply throughout the public service. The award of any particular project is a matter for decision by the Board having regard to the requirements of the work to be carried out. Given the nature of its business the Board may enter into contractual arrangements with undertakings in which Board members are employed or are otherwise interested.

During 2012 €84,993 (inclusive of VAT) was payable to third parties in which Board members had an interest. €76,875 was in respect of two contracts with Attain Consulting, a firm of which Phelim O’Reilly, Board member, was an employee. Attain was acquired by Willis Ireland with effect from 29 May 2012. €73,185 of the €76,875 was incurred during the period after acquisition when both Kevin Finucane and Phelim O’Reilly, Board members, were employees of Willis Ireland. €6,150 was in respect of one contract with Deloitte & Touche, a firm of which Niall Walsh, Board member is a partner. An amount of €1,968 was paid in respect of one contract with Willis Ireland, a firm of which both Kevin Finucane and Phelim O’Reilly, Board members, are employees.

21. Taxation

The Board is exempt from Corporation Tax under Section 220 of the Taxes Consolidation Act, 1997.

22. Comparative figures

Some changes have been made to the presentation of items in the financial statements and the comparative figures have been reclassified where necessary on a basis consistent with the current year presentation.

23. Board restructuring (subsequent to the financial statements year-end)

The Minister for Social Protection announced on 23 April 2013 that there will be a change in name and governance arrangements of the Board.

These changes will have no impact on the day to day operations of the Board, consequently the financial statements have been prepared on a going concern basis.

24. Approval of financial statements

The financial statements were approved by the Board on 13 May 2013.

34


Membership of the current working groups and committees of the Board

Defined benefit working groupn Brendan Johnston

n Roz Briggs

n Don O’Higgins

n Rachael Ryan

Defined contribution working groupn Phelim O’Reilly

n Kevin Finucane

n Mary Walsh

n Patricia Murphy

n Terence Noone

Finance and audit committeen Niall Walsh

n Kevin Finucane

n Don O’Higgins

n Vera McGrath (Department of Social Protection)

National Pensions Awareness Campaign (NPAC) working groupn Robin Webster

n David Owens

n Roz Briggs

n Vera McGrath (Department of Social Protection)

Pensions and employment working groupn Noreen Deegan

n David Owens

n Rachael Ryan

n Patricia Murphy

n Emer O’Flanagan

n Niall Walsh

Regulatory advisory groupn Rachael Ryan

n Emer O’Flanagan

n David Owens

n Terry Noone

n Mary Walsh

Regulatory review groupn Emer O’Flanagan

n Terence Noone

n David Owens

n Mary Walsh

Remuneration committeen Jane Williams

n Mary Walsh

n Patricia Murphy

n Terence Noone

Research and communications working groupn Jane Williams

n Noreen Deegan

n Robin Webster

n Patricia Murphy

n Terence Noone

Appendix I


35

Table 1: Annual monitoring indicators

Regulation

Function and indicators

2012 target/expectation

2012 outturn


Explanation

No. of level 1* and level 2^ meetings with DB and public sector schemes

30 24 15** * Level 1 meetings are meetings with trustees, pension providers and public service administrators to discuss general compliance issues which are not necessarily specific to the individuals.

^ Level 2 meetings focus on specific compliance issues of concern to the Board.

** The 2013 target is lower than 2012 due to work arising from the reintroduction of the funding standard.

No. of level 1 and level 2 meetings with registered administrators/providers (incl. PRSA providers) and DC schemes

6 28* 6^ * The figure for 2012 was higher than expected because, following some registered administrator onsite inspection activities, there were more follow up meetings than anticipated to monitor remedial actions. Given that the funding standard deadline was extended from December 2012 to June 2013, resources were redirected to proactive level 2 activity, such as meeting with providers to discuss, for example, whistleblowing procedures.

^ Activity in this area will be reactive e.g. consequent on findings from RA onsite inspections and the results of scheme specific audits and is therefore an expectation rather than a target.

No. of onsite inspections of registered administrators and PRSA providers

40 28* 24^ * Of the 40 scheduled in 2012, 12 meetings were not held as extra work was required to deal with regulatory issues that arose during the year, relating to both PRSAs and registered administrators.

^ This target figure is lower than 2012 due to team restructuring within the Board.

No. of Construction Workers’ Pension Scheme onsite investigations

4 3 4* * Such action is only considered when payroll evidence is not provided through the section 18 process, and then depending on seriousness of the case. The figure of 4 is an expectation based on previous years’ experience and is not a target.

No. of prosecutions initiated No target 25* No target^ * This figure is the number of cases initiated in 2012.

Appendix II

36




2012 outturn


Explanation

^ Prosecutions are only initiated as necessary. There is no set target as the Board will only prosecute where warranted.

No. of on-the-spot fine investigations launched

200 31* 200 * The target figure of 200 included the introduction of audit-type investigations which were not carried out due to other work commitments including the ongoing investigation of CWPS cases and Custom House Capital Limited. Audit-type investigations have commenced in 2013.

Proportion of schemes where no registered administrator appointed

10% 6%* 5% * This figure only relates to active schemes. The 2012 outturn for all schemes, including frozen schemes, the majority of which are single member defined contribution schemes, is 26%. However, some frozen schemes do not need to appoint a registered administrator. A priority for the Board in 2013 is that all schemes required to appoint a registered administrator have one in place.

No. of cases reported of non-remitted contributions to Construction Workers’ Pension Scheme

No target 25 No target* * No target set as such action only arises as necessary.

No. of schemes for which s49(3) and/or s50 applications processed

400 66* 450 * Outturn for 2012 was lower than anticipated due to the extension to the deadline for submission of funding proposals from 31 December 2012 to end June 2013.

Information and guidance



2012 outturn


Explanation

Number of enquiries handled

No target 6,295* No target * The majority of enquiries related to matters concerning disclosure of information, trustee duties, preservation, funding standard and PRSAs.

Other



2012 outturn


Explanation

Board membership attendance rate

100% 87% 100%

Appendix II continued


37

Table 2: Key performance indicators

Corporate/organisational effectiveness

Annual Board expenditure in relation to budget estimate 2011 2012 2013

Budget (€ million) €6.4 €6.5 €5.9

Actual expenditure (€ million) €5.7 €6.4 n/a

% variance -10% -1% n/a

The Board’s performance under regulation, information and guidance and policy advice as detailed below will be monitored by reference to the following indicators.

Regulation

Baseline 2015 target

Proportion of ongoing DB schemes meeting the funding standard or following an approved funding plan8

42% (December 2010)

100%

Information and guidance


% of stakeholders satisfied/very satisfied with quality of Board information and guidance material

82% (November 2011)

90%

% of respondents satisfied/very satisfied with Board response to enquiries

65% (November 2011)

80%

Policy advice and technical support


Effectiveness of the policy advice functions will be assessed via qualitative feedback from the Department of Social Protection and other relevant departments.

Representatives of the Board met with the Departments of Social Protection, Finance and Public Expenditure and Reform in January 2012 to assess their levels of satisfaction with the Board’s policy advice. All three departments expressed their satisfaction with the policy advice function of the Board.

That the Board continues to be a competent, credible and relevant source of advice to the Minister and Department of Social Protection and other relevant departments.

Appendix III

8 The Board has not required schemes to furnish recovery plans in recent years. During 2012 the Board set the deadline of 30 June 2013 for all defined benefit schemes in deficit to submit a funding proposal to the Board.

38


The Pensions Board prosecutions 2012

Case name Relevant section of the Pensions Act

Penalty

EJF Plant Hire Limited S58A & S18 Fined €2,000

Eamon Flanagan, Director of EJF Plant Hire Limited S58A & S18 Fined €2,500

Lucy Flanagan, Director of EJF Plant Hire Limited S18 Fined €500

T. Duffy Plant Hire Limited S58A & S18 Fined €1,500

Forbairt MBB Teoranta S58A Fined €3,000

Annadale Construction Limited S18 Fined €200

Munster Sealant Services Limited S58A Fined €750 and costs of €836.50

Alan Hennessy, Director of Munster Sealant Services Limited

S58A Fined €750

Breifne Hanratty, Director of Munster Sealant Services Limited

S58A Fined €750

Sharon Finnegan, Director of Sharon Finnegan Design & Construction Limited

S58A 240 hours community service

Michael Walsh, Director of Micom Construction Limited S58A & S18 Fined €5,000

Paul Fitzgerald, Director of Michael Fitzgerald & Sons S18 Fined €2,500

Peter Fitzgerald, Director of Michael Fitzgerald & Sons S18 Fined €2,500

Leinster Formworks Limited S58A Convicted, sentence pending

Patrick Browne, Director of Leinster Formworks Limited S58A Convicted, Bench Warrant issued on sentencing

Tony Henderson, Director of Leinster Formworks Limited S58A Convicted, Bench Warrant issued on sentencing

Equality Management Limited S18 Fined €1,500 and costs of €150

Cornerstone Homes Company Limited S18 Fined €10 and costs of €500

Owen Walsh, Director of Cornerstone Homes Company Limited

S18 Fined €1,000 and costs of €500

Thomas McHugh Limited S58A Fined €1,000

Broadpark Enterprises Limited S58A Fined €2,400

Francis Goff, Director of Goff Developments Limited S58A Conviction and fine of €4,000 affirmed on Appeal

Jonathan Healy, Director of J&M Healy S18 & S58A Fined €100

Appendix IV


39

Membership of occupational pension schemes and Personal Retirement Savings Accounts

Table 3: Number of schemes and membership as at 31 December 2012

Defined Contribution

Defined Benefit All Schemes

Subject to the Funding Standard

Not subject to the Funding Standard

Scheme Size No of Schemes

Active Members

No of Schemes

Active Members

No of Schemes

Active Members

No of Schemes

Active Members

Frozen n/a n/a 121 1,218 0 0 121 1,218

In wind-up n/a n/a 57 5,166 0 0 57 5,166

Non Group 47,525 47,525 4 4 0 0 47,529 47,529

1 to 50 12,051 63,368 473 6,864 40 751 12,564 70,983

51 to 99 320 21,943 74 5,530 11 814 405 28,287

100 to 500 251 48,803 137 32,712 29 6,842 417 88,357

501 to 1000 26 17,672 39 26,294 3 2,772 68 46,738

1001+ 19 33,628 28 111,856 24 326,858 71 472,342

2012 Total 60,192 232,939 933 189,644 107 338,037 61,232 760,620

2011 Total9 65,770 239,150 993 197,177 105 335,551 66,868 771,878

Change since 2011 -5,578 -6,211 -60 -7,533 2 2,486 -5,636 -11,258

Table 4: PRSAs as at 31 December 2012

End 2011 End 2012 Change

Total number of contracts: 198,038 206,936 8,898

n Standard PRSA contracts 151,122 156,483 5,361

n Non-Standard PRSA contracts 46,916 50,453 3,537

Total assets: €3.03 billion €3.46 billion €0.43 billion

Appendix V

9 As a consequence of testing and clean-up of scheme data the figures used in last year’s report for 2011 were as at April 2012.

40


Information booklets, checklists, guidance and FAQs updated in 2012The following guidance, FAQs, booklets and checklists were produced or updated in 2012 and have been added to the Board’s website:

n How does my pension scheme work? – gives an overview of occupational pension schemes, how they work and the information that must be given to scheme members.

n Investment Guidelines – these guidelines aim to assist trustees of defined contribution pension schemes and their advisors in deciding on the investment choices to be made available to scheme members.

n Women and Pensions checklist – describes the ways in which women can improve financial security for themselves and their dependants in retirement. It addresses issues of particular interest to women such as maternity leave, part-time working and breaks in employment.

n What are my pension options? and PRSAs – A consumer and employers’ guide – were both updated.

n A brief guide to the pension provisions of the Family Law Acts – was updated and a new Pensions on separation and divorce checklist – was produced.

n Funding standard overview guide.

n FAQs on recent changes to the funding standard.

n Statutory guidance – statutory guidance has the force of law and may not be altered without the prior consent of the Minister for Social Protection. It should be read in conjunction with the provisions of the Act and related regulations.

l Section 42 guidance prescribes the manner in which the actuary may value pensions in payment when completing an actuarial funding certificate and/or funding standard reserve certificate, where a scheme holds sovereign bonds and/or sovereign annuities.

l Section 47 guidance in relation to employer undertakings prescribes the manner in which trustees may include an unsecured undertaking as a scheme resource for the purpose of determining whether the scheme satisfies the funding standard reserve.

l Section 47 guidance in relation to contingent assets prescribes the requirements which a contingent asset must satisfy to be included as a scheme resource for the purpose of determining whether the scheme satisfies the funding standard or the funding standard reserve.

l Section 49 guidance prescribes the requirements with which the actuary must comply when certifying a funding proposal; the circumstances in which the Board may specify a later date for submission of a funding proposal; the circumstances in which trustees are not required to submit a funding proposal; the trustees’ obligations on failure to comply with a funding proposal; and the circumstances in which the Board may declare a funding proposal invalid.

l Section 50 guidance prescribes the requirements with which trustees must comply when making an application to the Board under section 50 of the Act.

Appendix VI

The Pensions Board

Verschoyle House

28/30 Lower Mount Street

Dublin 2

Telephone: (01) 613 1900

Fax: (01) 631 8602

Locall: 1890 65 65 65

www.pensionsboard.ie

ISSN 1649 8690


Tuarascáil Bhliantúil agus Cuntais 2012www.anbordpinsean.ie

http://www.anbordpinsean.ie


Tu a r a s c á i l B h l i a n t ú i l a g u s C u n t a i s 2 0 1 2

1

Ráiteas an Chathaoirligh 2

Athbhreithniú an Phríomhfheidhmeannaigh 4

Comhaltaí Boird 8

Ag baint amach cuspóirí straitéiseacha an Bhoird 9

Coistí agus meithleacha oibre reatha an Bhoird 14

Eagraíocht éifeachtúil a reáchtáil 16

Foireann an Bhoird Pinsean 17

Ráitis airgeadais don bhliain dar críoch 31 Nollaig 2012

Tuarascáil an Ard-Reachtaire Cuntas agus Ciste 19

Ráiteas ar fhreagrachtaí an Bhoird 21

Ráiteas ar rialú inmheánach airgeadais 22

Ráiteas na bpolasaithe cuntasaíochta 23

Cuntas ioncaim agus caiteachais 24

Clár comhardaithe 25

Ráiteas faoi shreabhadh airgid 26

Nótaí leis na ráitis airgeadais 27

Aguisín I: Ballraíocht de choistí agus meithleacha oibre reatha an Bhoird

Aguisín II: Táscairí monatóireachta bliantúla

Aguisín III: Príomhtháscairí feidhmíochta

Aguisín IV: Ionchúisimh an Bhoird Pinsean 2012

Aguisín V: Ballraíocht na scéimeanna pinsean gairme agus na gCuntas Coigiltis Scoir Pearsanta

Aguisín VI: Leabhráin faisnéise, seicliostaí agus CCanna nuashonraithe in 2012

Clár Ábhair

2


Is í an aidhm atá le pinsin ghairme agus phearsanta ná pinsin intuartha agus shlána a sholáthar, chun an pinsean atá á sholáthar ag an Stát a fhorlíonadh. D’eascair coincheap na bpinsean ón aidhm a bhí ann ioncam a sholáthar do dhaoine nuair nach raibh ar a gcumas a bheith ag obair a thuilleadh. Tá dul chun cinn suntasach déanta againn le 70 bliain anuas, agus ar an meán táimid ag maireachtáil go bhfuilimid amach sna 80aidí, táimid ag dul ar scor níos luaithe agus tá ionchais againn a bhaineann le saol taitneamhach a chaitheamh nuair a théimid ar scor. Ach tá an dul chun cinn sin, mar aon le suaitheadh geilleagrach agus airgeadais na gcúig bliana atá caite, ag cur choincheap bunúsach na bpinsean i mbaol. Ní mór dúinn, mar shochaí, athmheasúnú a dhéanamh ar impleachtaí an dul chun cinn seo i dtéarmaí ár n-ionchas pinsean agus an fíorchostas a bhaineann leis na hionchais seo a sheachadadh. Tá soláthar maith pinsin costasach. Tá pinsin fhorlíontacha mhaithe indéanta agus inacmhainne, áfach, má thosaímid ag coigilt go luath, má dhéantar coigilteas a infheistiú go stuama agus más ionann na costais a bhaineann leis an bpinsean a chothú agus luach ar airgead.

Príomhdhúshlán atá le sárú againn muinín agus iontaoibh sa chóras pinsean a athshlánú. Bhain impleacht na géarchéime airgeadais ar luachanna cistí pinsean an bonn d’iontaoibh i bpinsin, mar aon leis an laghdú ar mhuinín in institiúidí airgeadais agus éiginnteacht maidir leis an réimeas cánachais a bheidh ann amach anseo i ndáil le ranníocaíochtaí pinsin. Chuige seo, fáiltíonn an Bord roimh dheimhniú an Rialtais nach leanfar leis an tobhach pinsin i ndiaidh 2014. Tá feabhas tagtha ar an timpeallacht infheistíochta do phinsin ó tharla torthaí feabhsaithe a bheidh ag eascairt as margaí infheistíochta. Ábhar imní go fóill, áfach, an timpeallacht gheilleagrach agus tá laghdú mór tagtha ar choigilt don scor. Is léir ó na sonraí is déanaí atá le fáil againn tuilleadh laghdaithe fós a bheith tagtha ar an líon pinsean forlíontach i measc an phobail oibre. Is léir ó thaighde atá déanta againn go dtuigeann daoine an tábhacht atá le pinsin fhorlíontacha i bpleanáil do scor compordach. Ach bhí meascán d’imthosca geilleagracha agus, b’fhéidir, éiginnteacht maidir le hiontaofacht an ghealltanais pinsin, áfach, mar bhonn le clúdach forlíontach laghdaithe.

Fáiltím roimh thionscnamh an Aire an OECD a choimisiúnú chun tráchtaireacht úsáideach agus thráthúil a dhéanamh ar na dúshláin reatha agus ar na roghanna is féidir a chur san áireamh. Cúis dóchais an anailís ar rath na hÉireann maidir leis an nglúin níos sine a shábháil ó riosca na bochtaineachta. Fianaise atá sa tuarascáil ar mhuirir phinsin, ullmhaithe ag an Roinn Coimirce Sóisialaí, ar an ngá atá le faireachas maidir le costais phinsin. Chomh maith leis sin, tarraingítear aird sa tuarascáil ar an ngá a d’fhéadfadh a bheith le hathrú struchtúrach chun déileáil leis na neamhéifeachtúlachtaí ar de dhlúth agus d’inneach líon mór scéimeanna níos lú iad. Sa chás gur ann do mhuirir iomarcacha, bíonn impleacht acu ar mhuinín i bpinsin. Sa lá atá inniu ann, ní mór gurb ionann gach táirge agus gach seirbhís pinsin agus luach ar airgead.

Bunaithe ar na hathruithe suntasacha atá tarlaithe sa mhargadh saothair, feidhmiú infheistíochta na bpinsean agus taithí daoine ag bhí ag coigilt do phinsean le déanaí, is den tábhacht é go ndéanaimid athmheasúnú ar ár dtuiscint ar iompraíocht a bhaineann le pinsean. Tá athrú ag teacht ar iompraíochtaí tomhaltóirí agus ar dhearcthaí i ndáil le coigilteas pinsean. Is den tábhacht é go dtuigimid a leithéid sin d’athruithe ina iomláine. Baineann fíorthábhacht lena leithéid sin de thuiscint i ndáil le measúnú a dhéanamh ar an ról a d’fhéadfadh a bheith ag an mBord i gcinntiú go mbeidh pinsin níos mealltaí. Tá sé seo fíor go háirithe sna catagóirí fostaithe sin nach dócha go mbeidh an soláthar cuí acu do chlúdach tánaisteach pinsin m.sh. mná, fostaithe sealadacha agus páirtaimseartha, fostaithe sna hearnálacha fáilteachais agus seirbhísí oifi ge agus oibrithe níos óige atá ag tús a ngairme. Tá tús curtha le sonraíocht an taighde seo agus déanfar an obair allamuigh i rith 2013.

Is coincheap simplí an coincheap a bhaineann le coigilt do phinsean – is ionann é agus coigilt don scor agus deis tairbhe a bhaint as faoiseamh cánach. Mar sin féin, tá an córas pinsean éirithe fíorchasta agus is beag tuiscint atá ag an ngnáthdhuine nach bhfuil idir am agus fonn orthu an córas a oibriú amach dóibh féin. Tá an Bord den tuairim go bhféadfaí pinsin a dhéanamh níos mealltaí, níos inrochtaine agus níos inchreidte trí ghnéithe den chóras pinsean a shimpliú. Tá dul chun cinn déanta againn i ndáil leis an obair seo a shonrú agus beimid á cur chun feidhme in 2013.

Ráiteas an Chathaoirligh


3

Is é an príomhchúram atá ar an mBord Pinsean tacú le pinsin fhorlíontacha shlána agus intuartha. Déanaimid é seo trína chinntiú go gcuirtear na rialacha i bhfeidhm, trí chabhrú leis an bpobal a gcearta a thuiscint, agus le hiontaobhaithe a bhfreagrachtaí a thuiscint, agus trí chomhairle a chur ar an Aire agus ar an Roinn Coimirce Sóisialaí agus Ranna eile. Tá píosaí suntasacha oibre curtha i gcrích ag fochoistí agus ag meithleacha oibre an Bhoird, ag obair i dteannta leis an bPríomhfheidhmeannach, i rith 2012 d’fhonn déileáil le príomh-shaincheisteanna (Tá cur síos níos mionsonraithe le fáil ar an obair seo i dtuarascáil an Phríomhfheidhmeannaigh). D’fhógair an tAire struchtúr athbhreithnithe a áireoidh Údarás Pinsean a bheidh freagrach as maoirseacht oibríochtúil a sholáthar agus Comhairle Pinsean a bheidh freagrach as comhairle faoi bheartas a sholáthar, agus idirdhealú a dhéanamh idir an mhaoirseacht agus idir na feidhmeanna comhairle beartais. Tá gach cosúlacht ar an scéal go leanfaidh na struchtúir nua seo ag déileáil le saincheisteanna dála scéimeanna easnaimh, leorgacht na ranníocaíochtaí, neamhleorgacht an chumhdaigh agus saincheisteanna eile atá ar ár gclár oibre le breis is dhá bhliain go leith anuas. Guímid gach rath ar chomhaltaí na struchtúr nua le linn dóibh a róil thábhachtacha a chur i gcrích.

Gabhaim buíochas ó chroí leis an Aire agus lena hoifigigh a bhí éilitheach agus tacúil, le linn dóibh an méid tairbhe agus a d’fhéadfaidís a bhaint as an mBord agus deis a thabhairt dúinn úsáid a bhaint as an saineolas atá ag na comhaltaí Boird agus ag an bhFeidhmeannach chun straitéis an Bhoird a sheachadadh agus chun tacú le hobair na Roinne.

Is mian liom buíochas a ghabháil le Feidhmeannach an Bhoird as an tacaíocht leanúnach; as an obair mhór agus as an tiomantas atá léirithe aige i ndáil le rialú, faisnéis agus comhairle polasaí a sholáthar; agus as an eolas agus an saineolas atá aige sa réimse casta seo. Is mian liom tagairt ar leith a dhéanamh do cheannaireacht agus d’éiteas an Phríomhfheidhmeannaigh, a chuireann a dhomhaintuiscint ar phinsin agus a thiomantas don tseirbhís phoiblí go mór le hobair an Bhoird Pinsean.

Is mian liom buíochas a ghabháil leis na comhaltaí Boird as a gcuid ama agus saineolais a roinnt linn. Tá go leor ama i gceist le feidhmiú mar chomhalta Boird, mar aon le ballraíocht ar fhochoistí agus ar mheithleacha oibre an Bhoird. Chomh maith leis sin, tá éiteas na seirbhíse poiblí acu mar chomhaltaí Boird agus mar chomhaltaí meithleacha a thugann siad leo óna bpost laethúil. Cabhraíonn a gcuid tuiscintí agus moltaí úsáideacha le feidhmiú pholasaí an Rialtais ar bhealaí a chinntíonn go bhfuil sé níos éifeachtaí, go laghdaítear aon iarmhairtí neamhbheartaithe agus áit nach bhfuil sé seo indéanta, cinntítear go dtuigeann an tAire agus an Roinn na hiarmhairtí poitéinsiúla ionas go bhfuil ar a gcumas cinntí lán-eolasacha a dhéanamh.

Jane Williams

Cathaoirleach

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RialáilIn 2012, mar a bhí i gceist le blianta beaga anuas, tá go leor ama agus dua caite ag an mBord ar chásanna a imscrúdú agus a ionchúiseamh, cásanna inar theip ar roinnt fostóirí sa tionscal tógála ranníocaíochtaí a aisíoc chuig scéim pinsin i ndiaidh iad a asbhaint as pá na bhfostaithe. D’eascair líon suntasach ionchúiseamh agus ciontuithe cuideachtaí as an obair seo agus, in a lán cásanna, stiúrthóirí, agus leanadh leo seo in 2013. Chomh maith leis sin, rinne an Bord imscrúdú ar chionta eile agus é mar aidhm ionchúisimh a dhéanamh a luaithe agus is féidir.

D’eascair ionchúisimh sa tionscal tógála as sceithireacht iontaobhaithe na scéime agus daoine eile, agus tá an líon foláireamh seo ag laghdú go suntasach anois. Ciallaíonn sé seo go mbeidh ar chumas an Bhoird in 2013 níos mó ama a chaitheamh ar mhaoirseacht réamhghníomhach agus go mbeimid in ann ár n-aird a dhíriú ar réimsí neamhchomhlíonta eile.

Is iad tosaíochtaí riosca an Bhoird atá mar bhonn lenár gcuid oibre, rud a chiallaíonn go mbeidh níos mó aird á díriú againn i gcónaí ar sháruithe níos tromchúisí. Ní chiallaíonn sé seo, áfach, go mbeidh neamhaird á tabhairt againn ar aon réimse comhlíonta. Os a choinne sin, de bhrí go mbraitheann maoirseacht ar a bheith in ann an fhaisnéis chuí a fháil, déileálfaimid le cásanna ina dteipeann ar dhaoine a bhfuil baint acu le scéimeanna pinsin cloí lena bhfreagrachtaí dlíthiúla faisnéis a sholáthar don Bhord.

D’fhéadfadh drochriarachán pinsean agus coimeád taifead a bheith mar bhonn le comhaltaí a bheith fágtha gan na sochair ar fad ba chóir a bheith á bhfáil acu, i nganfhios dóibh féin b’fhéidir. Dá réir sin, baineann tábhacht ar leith leis an maoirseacht a dhéanann an Bord ar Riarthóirí Cláraithe. I rith 2012, chuir an Bord 28 imscrúdú ar an láthair i gcrích. I gceithre chás, chiallaigh caighdeán an riaracháin, mura raibh beart ceartaitheach curtha i gcrích, gur smaoinigh an Bord ar chlárúchán an riarthóra i gceist a aistarraingt. Cúis iontais é go mbeadh aon riarthóir chomh haineolach sin ar a fhreagrachtaí go dtarlódh a leithéid. Leanfaidh an Bord leis na himscrúduithe seo ar an láthair in 2013 agus sna blianta amach romhainn, agus le céimeanna cuí maidir le déileáil lena thorthaí, i gcomhar leis an mBanc Ceannais áit ar cuí.

Tá an céatadán scéimeanna nach bhfuil a bhfreagracht dlí maidir le Riarthóir Cláraithe a cheapadh comhlíonta ag na hiontaobhaithe ró-ard, agus is ar an bpointe sin a bheidh gníomhaíocht an Bhoird dírithe sna míonna amach romhainn. Ba cheart go dtuigfeadh iontaobhaithe go bhféadfadh teip Riarthóir Cláraithe a cheapadh a bheith mar bhonn le hionchúiseamh. Ba cheart go dtuigfeadh riarthóirí gur cion é feidhmiú mar Riarthóir Cláraithe ach amháin sa chás go bhfuil riarthóir ceaptha chuige sin ag iontaobhaithe na scéime.

Réimse eile ina bhfuil an leibhéal comhlíonta ró-íseal é soláthar fhaisnéise bhliantúil na scéime. Tabharfaidh an Bord aird ar leith ar an bpointe seo in 2013 chomh maith.

Clúdach pinsinIs léir ón tuarascáil bhliantúil tuilleadh laghdaithe fós a bheith ar líon comhaltaí gníomhacha na scéimeanna pinsin. Ní ábhar iontais é seo ó tharla geilleagar na tíre a bheith mar atá agus i bhfi anaise na ndeacrachtaí atá le sárú ag an lucht oibre agus ag fostóirí. Dá ainneoin sin, is cúis imní atá ann.

Is den tábhacht é go mbeidh aon díospóireacht maidir leis an mbealach is fearr chun pinsin níos fearr a sholáthar bunaithe ar thuiscint réalaíoch ar an gcostas a bhainfi dh le pinsin oiriúnacha. Ní mór chomh maith go mbeimid toilteanach scrúdú a dhéanamh faoinár dtoimhdí maidir lena bhfuil i gceist le hionchais réasúnta pinsin, go háirithe i ré seo na rátaí úis íseal.

Tagaim lena bhfuil le rá ag an gCathaoirleach maidir leis an tábhacht a bhaineann le cobhsaíocht agus le hiontaoibh sa chóras pinsean, agus tuigimid an fhreagracht atá ar an mBord feidhmiú trí rialáil éifeachtach, comhairle faoi pholasaí agus faisnéis a sholáthar.

Ranníocaíocht sainitheNí mór go dtabharfadh obair an Bhoird léargas ar an tábhacht mhéadaithe a bhaineann le coigilteas pinsin ranníocaíocht sainithe (RS), agus tá tús curtha againn le déileáil le roinnt saincheisteanna a bhaineann le RS. Is é cuspóir obair an Bhoird sa réimse seo a chinntiú go mbeidh na torthaí is fearr agus is féidir á soláthar do rannpháirtithe. Is iad na saincheisteanna is tábhachtaí i ndáil le ranníocaíocht sainithe rioscaí agus caillteanais infheistíochta, neamhleorgacht ranníocaíochtaí agus costas, agus beidh meascán de rialáil

Athbhreithniú an Phríomhfheidhmeannaigh


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bhreise mholta, eolas ó rannpháirtithe agus treoir ó iontaobhaithe i gceist le hobair an Bhoird. Túschéim thábhachtach iad na treoirlínte infheistíochta eisithe ag an mBord ag tús 2013.

Ceann de na himeachtaí is tábhachtaí a reáchtáladh i ndáil le pinsin le déanaí ba ea an tuarascáil a d’eisigh an Roinn Coimirce Sóisialaí maidir le muirir phinsin, tuarascáil atá ábhartha go háirithe do shocruithe a bhaineann le ranníocaíocht sainithe. Léirítear sa tuarascáil seo gur ann do scéimeanna pinsin a sholáthraíonn torthaí maithe do chomhaltaí, ach tá cásanna ann ina bhfuil na muirir i bhfad níos airde ná mar atá réasúnta. Níl aon réiteach simplí ar na saincheisteanna seo, agus tá go leor oibre le déanamh d’fhonn a chinntiú go bhfaigheann gach comhalta scéim pinsin luach ar airgead. Ceann de na torthaí is tábhachtaí na difríochtaí atá le sonrú sna torthaí idir scéimeanna beaga agus scéimeanna móra. Tá níos mó scéimeanna beaga agus singile comhaltaí in Éirinn ná i dtír ar bith eile san Eoraip, agus níos minice ná a mhalairt, is éard a bhíonn mar thoradh air seo luach níos measa ar airgead agus caighdeáin rialachais níos ísle. Is í tuairim an Bhoird go mbeadh níos mó tairbhe le sonrú dá ndéanfaí scéimeanna níos lú a dhímholadh agus tá roinnt tionscnamh á gcur san áireamh sa réimse seo. Déanfaidh an Bord a mhachnamh ar mholtaí reachtacha a chur faoi bhráid an Aire Coimirce Sóisialaí maidir leis an gceist seo. Chomh maith leis sin, tá roinnt freagairtí sainiúla ar na moltaí a rinneadh sa tuarascáil tionscanta aige, lena n-áirítear feasacht níos fearr maidir le muirir a ghearrtar ar chomhaltaí, iontaobhaithe agus fostóirí scéim pinsean, impleacht na nochtaí ar tháillí agus ar mhuirir a fheabhsú agus inchomparáideacht na muirear ar tháirgí difriúla pinsean a fheabhsú.

Chomh maith leis sin, tá an Bord i mbun machnaimh ar ról agus ar fheidhmiú iontaobhaithe RS agus ar an tslí is fearr lena chinntiú go mbíonn ról na n-iontaobhaithe mar bhonn le torthaí a fheabhsú do chomhaltaí, agus déanfar tuilleadh plé ar an gceist sin i rith 2013.

Sochar sainitheAinneoin go raibh torthaí infheistíochta go maith i rith 2012, ní raibh feabhas le tabhairt faoi deara i seasamh na scéimeanna sochair shainithe. Tá líon níos lú sócmhainní ná mar a theastaíonn chun an caighdeán maoinithe a chomhlíonadh ag formhór a leithéid sin de scéimeanna, agus ní mór dóibh plean athshlánaithe a ullmhú agus a chur faoi bhráid an Bhoird faoi lár 2013. Tuigeann an Bord go mbeidh go leor dúshlán le sárú ag go leor iontaobhaithe scéime agus a leithéid sin de phlean á ullmhú.

Is é cuspóir an chaighdeáin maoinithe a chinntiú go bhfuil na ranníocaíochtaí oiriúnach, agus go bhfuil dóchúlacht réasúnta go mbeidh na sochair gheallta á soláthar ag an scéim do na comhaltaí ar fad. Gan caighdeán oiriúnach, tá riosca suntasach ann faoin am go mbeidh comhaltaí níos óige ag dul ar scor, go mbeidh sócmhainní na scéime ídithe ó tharla sochair a bheith á n-íoc leo siúd atá imithe ar scor rompu; dá fhaide an tréimhse a fhágtar scéimeanna gan an caighdeán a chomhlíonadh, is ea is mó an riosca.

Ábhar imní dúinn ar bhonn leanúnach an tuiscint atá ag roinnt iontaobhaithe sochair shainithe ar a ról agus a bhfreagrachtaí. Is é an tasc atá le cur i gcrích ag iontaobhaithe an scéim a bhainistiú a mhéid agus is féidir agus a chinntiú go bhfaigheann comhaltaí agus tairbhithe na sochair a gealladh faoi rialacha na scéime. Ciallaíonn sé seo nach mór go dtuigfeadh iontaobhaithe airgeadas na scéime agus na rioscaí atá le sárú, agus conas an scéim a bhainistiú chun na rioscaí seo a mhaolú. Baineann tábhacht leis seo go háirithe i gcomhthéacs rioscaí infheistíochta, a mbíonn tionchar díréireach acu ar chomhaltaí níos óige na scéime.

Ábhar imní do go leor daoine a bhfuil baint acu le pinsin gurb í an éifeacht a bheidh ag rialacha caighdeánacha maoinithe go gcuirfidh siad oibleagáid ar scéimeanna pinsean sealbhú bannaí a mhéadú, agus i ndáil le formhór na scéimeanna, is dócha gurb é sin a bheidh i gceist. Ba chóir a thabhairt faoi deara, áfach, go bhfuil céatadán níos airde gnáthscaireanna ag scéimeanna pinsean in Éirinn ná aon tír inchomparáide eile áit nach bhfuil dualgas ar an bhfostóir an gealltanas pinsin a fhrithghealladh. Is fiú a lua freisin gurb é ceann de phríomhchúiseanna easnaimh reatha na scéimeanna sochair shainithe drogall na sealúchas ard-chothromais agus na scéimeanna a chosaint i bpáirt, ar a laghad, i gcoinne éifeacht na rátaí úis laghdaitheacha trí shealúchas bannaí níos airde.

Is é dearcadh an Bhoird nach mór go mbeadh straitéis infheistíochta bunaithe ar nádúr dhliteanais na scéime, atá i gcás ar bith, bunaithe ar oibleagáid atá ar iontaobhaithe faoi na rialacháin infheistíochta. Fad is gurb iad oibleagáidí na scéimeanna sochair shainithe ioncam seasta scoir a sholáthar, tá an chosúlacht ar an scéil go n-áireoidh an straitéis infheistíochta is oiriúnaí líon comhionann bannaí ar ardchaighdeán, mura bhfuil farasbarr réasúnta ag an scéim nó mura bhfuil an fostóir urraithe toilteanach agus in ann polasaí infheistíochta nach bhfuil chomh comhionann céanna a fhrithghealladh.

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Tá roinnt mhaith plé déanta i roinnt tíortha, go háirithe sa Ríocht Aontaithe agus san Ísiltír, faoi chostas agus faoi inbhuanaitheacht an ghealltanais sochair shainithe mar aon le plé maidir lena mhalairt de chur chuige. Ceist a bhaineann leis an bhfostóir urraithe, comhaltaí scéime agus a n-ionadaithe é an cineál sochar a bheidh á soláthar ag pinsin ghairme. Is é dearcadh an Bhoird, áfach, go mbeadh sé úsáideach smaoineamh ar shamhlacha malartacha de sholáthar scoir, agus gan dearadh na scéime a theorannú do shochar sainithe traidisiúnta ná a mhalairt, ranníocaíocht shainithe ghlan.

Seirbhísí faisnéiseIs ionann rialáil agus páirt amháin de mhéid atá ag teastáil le tacú le soláthar pinsin. Teastaíonn foinse neamhspleách, ábhartha agus intuigthe faisnéise ó dhaoine atá ag coigilt dá scor faoi láthair nó atá ag smaoineamh ar a leithéid. Tá sé mar aidhm ag an mBord an fhaisnéis sin a sholáthar trínár láithreán gréasáin, trí fhoilseacháin, agus trí labhairt le daoine a dhéanann teagmháil leis an mBord.

Ní leor faisnéis atá ceart go teicniúil a sholáthar: ní mór faisnéis a tháirgeadh i bhfoirm a oireann don té a lorg an fhaisnéis sin agus ní mór go mbeadh an fhaisnéis intuigthe. Tá a láithreán gréasáin athchumraithe ag an mBord ionas go bhfuil an fhaisnéis atá á soláthar don phobal struchtúrtha ar bhealach a oireann do na comhaltaí, bunaithe ar a riachtanais agus staid reatha. Leanfaimid orainn ag obair ar gach gné den soláthar faisnéise ionas go mbeidh an fhaisnéis chomh húsáidí agus is féidir, agus déanfaimid cuntas de na forbairtí a rinneadh sa réimse seo le déanaí i ndáil lenár gcuid oibre féin agus i ndáil leis an gcomhairle a sholáthraímid don Aire Coimirce Sóisialaí.

Ní hionann riachtanais na n-iontaobhaithe agus riachtanais na rannpháirtithe, agus tuigimid an fhreagracht atá orainn na riachtanais shainiúla seo a chomhlíonadh. Tá freagracht chomhionann ar iontaobhaithe a aithint go dteastaíonn eolas sainiúil chun a ról a chomhlíonadh, agus chun céimeanna a chur i gcrích chun an eolas sin a fháil. Tá réimse leathan modhanna oiliúna ar fáil d’iontaobhaithe, lena n-áirítear áis ar líne an Bhoird, ach tá an Bord dírithe ar an bpointe nach bhfuil mionlach iontaobhaithe, iontaobhaithe RS go háirithe, ag comhlíonadh a n-oibleagáidí oiliúna: tá tús áite á thabhairt againn don phointe seo in 2013.

Gníomhaíocht agus comhairle beartaisTá reachtaíocht a bhaineann le pinsin casta. Dá thoradh sin, éilíonn aon athrú molta ar reachtaíocht, rialáil nó treoir pinsean go leor oibre agus eolais d’fhonn a chinntiú go bhfuil a leithéid comhsheasmhach le forálacha reatha agus nach n-eascraíonn aon iarmhairtí neamhbheartaithe as a leithéid. I rith 2012, sholáthair comhaltaí d’Fheidhmeannach an Bhoird tacaíocht theicniúil don Roinn Coimirce Sóisialaí i ndáil leis an reachtaíocht agus rialachán a ullmhú chun athruithe a chur i bhfeidhm ar an gcaighdeán maoinithe sochair shainithe, agus chomh maith leis sin d’eisigh an Bord a threoir reachtúil féin maidir le gnéithe ábhartha de na hathruithe reachtacha. Chomh maith leis sin, chuir an Feidhmeannach críoch le feidhmiú na mblianachtaí flaithiúnais agus deimhniú na dtáirgí tosaigh: is ionann é seo agus sampla de choincheap réasúnta simplí ar bhain go leor castachtaí lena chur i bhfeidhm. Níl obair dhlíthiúil, bheartais agus theicniúil an Fheidhmeannaigh sofheicthe, ach tá sé mar bhonn le go leor den obair eile a dhéanann an Bord, agus ní mór go mbeadh an obair seo ar fad ar ardchaighdeán.

An eagraíocht a bhainistiúTá obair laethúil an Bhoird á maoiniú go hiomlán trí mheán táillí na scéime pinsin ghairme agus na gCuntas Coigiltis Scoir Pearsanta (CCSP). Seachas an maoiniú atá leithdháilte ag an Roinn Coimirce Sóisialta don Fheachtas Náisiúnta Feasachta Pinsean 2012, ní fhaigheann an Bord maoiniú ar bith ón Státchiste.

Tá easnamh de chuid €738,000 le sonrú ar ár ráitis airgeadais do 2012. D’eascair an t-easnamh seo as earcú 12 comhalta foirne breise forfheidhmithe agus dlí in 2011 agus 2012 i ndiaidh smachtbhanna na Roinne Caiteachais Phoiblí agus Athchóirithe acmhainní breise foirne a sholáthar don Bhord. Is éard atá i gceist sa 12 post breise sé phost bhuan agus sé phost ar conradh trí bliana. Is fiú a lua, ainneoin na gcomhaltaí foirne breise, go raibh caiteachas iomlán an Bhoird níos ísle in 2012 ná mar a bhí in 2006.

Is ionann é seo agus an chéad easnamh tabhaithe ag an mBord ó 2001: is léargas é an taifead seo ar fheasacht an Bhoird ar a fhreagracht a ghnóthaí a bhainistiú ar an mbealach is costéifeachtaí agus is féidir. Le blianta beaga anuas, d’éirigh leis an mBord éifeachtúlachtaí a bhaint amach in go leor réimsí, lena n-áirítear obair chomhairleachta agus dlí, costais oifige agus TF, agus ba é an coigilteas sin a bhí mar bhonn le dhá laghdú fhéideartha eile ar tháillí le blianta beaga anuas.


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Bunaithe ar acmhainní reatha an Bhoird, ní gá na táillí Boird a mhéadú láithreach baill. Tá na costais a bhaineann le reáchtáil an Bhoird níos airde, áfach, ná an táille ioncaim reatha agus táthar ag súil gur amhlaidh a bheidh sna blianta amach romhainn. D’fhéadfadh go mbeadh sé riachtanach táillí a mhéadú amach anseo. Leanfaimid orainn le dlúthmhonatóireacht a dhéanamh ar ár seasamh airgeadais.

ConclúidTá dea-chaidreamh oibre ag an mBord leis an Roinn Coimirce Sóisialaí, ach tá meas ag an am céanna ar an ról ar leith atá acu beirt laistigh den chóras pinsean. Tá ardmheas againn ar an tacaíocht a fhaighimid ón Roinn agus táimid ag súil le bheith ag obair lenár gcomhghleacaithe Roinne amach anseo.

Is mian liom buíochas a ghabháil le mo chomhghleacaithe Boird as a dtacaíocht, a dtiomantas agus as an díograis atá léirithe acu i rith 2012.

Chomh maith leis sin, is mian liom buíochas a ghabháil leis an gCathaoirleach agus comhaltaí an Bhoird a roinneann a gcuid eolais agus taithí leis an mBord agus a thugann dúshlán fhoireann an Bhoird agus a chéile d’fhonn a chinntiú go leanaimid orainn ag freagairt do na deacrachtaí atá le sárú ag pinsin in Éirinn.

Is ionann an fógra is déanaí ón Aire Coimirce Sóisialaí maidir le hathruithe ar struchtúr an Bhoird agus Comhairle Pinsean a bhunú agus athrú suntasach ar an gcaidreamh idir an eagraíocht seo agus na heagraíochtaí ar fad a bhfuil baint acu le pinsin. Soláthróidh an Chomhairle fóram do na páirtithe leasmhara pinsin ar fad chun deis a thabhairt dóibh a ndearcthaí a roinnt agus comhairle a chur ar an Aire. Tá mé féin agus mo chomhghleacaithe ag súil le bheith ag obair leis an gComhairle Pinsean chun an obair thábhachtach seo a chur i gcrích agus chun dlús a chur faoi ghníomhaíocht chomhairle beartais na gcomhaltaí Boird reatha agus na n-iar-chomhaltaí Boird.

Brendan Kennedy

Príomhfheidhmeannach

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Is comhlacht reachtúil é an Bord Pinsean ar a bhfuil cathaoirleach agus suas le 16 gnáthchomhalta. Cé gur é an tAire Coimirce Sóisialaí a cheapann baill uile an Bhoird, faoi fhorálacha Acht na bPinsean (an tAcht), ní mór go mbeadh ionadaithe na gceardchumann, fostóirí, leasa tomhaltóirí, leasa pinsinéirí, an Rialtas, an tionscal pinsean, iontaobhaithe comhalta agus grúpaí gairmiúla a bhfuil baint acu le socruithe pinsin ar an mBord.

Is é cúig bliana an téarma oifi ge do chomhaltaí an Bhoird. Ar an 22 Nollaig 2010, d’fhógair an tAire Coimirce Sóisialaí ceapachán na gcomhaltaí Boird reatha.

Ar an 23ú Aibreán 2013, d’fhógair an tAire Coimirce Sóisialaí roinnt athruithe molta i ndáil le struchtúr an Bhoird Pinsean d’fhonn rialachas agus rialúchán phinsin ghairme na tíre a neartú. Cuirfear na hathruithe reachtacha san áireamh sa Bhille Leasa Shóisialaigh 2013.

Is iad seo a leanas comhaltaí reatha an Bhoird:

Jane WilliamsCathaoirleach

The Sia Group

Ainmní an Aire Coimirce Sóisialaí

(Tinreamh cruinnithe boird: 9/9)

Rosalind BriggsMercer

Ainmnithe ag Cumann na nAchtúirí in Éirinn


Noreen DeeganFriends First

Ainmnithe ag IBEC


Kevin FinucaneWillis Ireland

Ainmnithe ag Cumann na nDlíodóirí Pinsean in Éirinn


Brendan JohnstonZurich Life Assurance plc

Ainmnithe ag Cónaidhm Árachais na hÉireann


Patricia MurphyAn Roinn Coimirce Sóisialaí

Ionadaí an Aire Coimirce Sóisialaí


Terence NooneCuntasóirí Cairte DHKN



David OwensAn Roinn Caiteachais Phoiblí agus Athchóirithe

Ionadaí an Aire Caiteachais Phoiblí agus Athchóirithe


Emer O’FlanaganO’Driscoll O’Neill Ltd



Don O’HigginsCónaidhm Ghnólachtaí agus Fhostóirí na hÉireann (IBEC)

Ainmnithe ag IBEC


Phelim O’ReillyWillis Ireland

Ainmnithe ag Cumann Cistí Pinsean na hÉireann


Rachael RyanAn Ceardchumann Seirbhísí, Tionsclaíoch, Gairmiúil agus Teicniúil

Ainmnithe ag Comhdháil Cheardchumann na hÉireann


Mary WalshCuntasóir Cairte



Niall WalshDeloitte & Touche

Ainmnithe ag Coiste Comhairleach na gComhlachtaí Cuntasaíochta in Éirinn


Robin WebsterAge Action Ireland



An Bord Pinsean


9

Leagann Straitéis an Bhoird Pinsean 2011-2015 amach sraith príomhspriocanna atá mar aidhm ag an mBord a bhaint amach trí na feidhmeanna rialála, faisnéise, sainchomhairle agus corparáideacha thar tréimhse na straitéise. Tá an doiciméad straitéise ar fáil faoin gcuid dar teideal “An Bord” ar an suíomh www.anbordpinsean.ie.

Soláthraíonn an chuid seo den Tuarascáil Bhliantúil tráchtaireacht agus anailís chainníochtúil i ndáil leis an dul chun cinn a baineadh amach in 2012 ar bhonn na dtáscairí agus na spriocanna leagtha amach i Straitéis an Bhoird Pinsean 2011-2015. Cuimsíonn na táscairí sin tacar táscairí monatóireachta bliantúla a thomhaiseann gníomhaíocht agus aschuir an Bhoird chomh maith le tacar príomhtháscairí feidhmíochta dírithe ar thorthaí.1

PríomhspriocannaTacú le córas pinsean inbhuanaithe a sholáthróidh pinsin leordhóthanacha agus iontaofa do dhaoine scortha agus do dhaoine scothaosta agus a bhaineann amach cumhdach leathan.

Tá sé mar aidhm ag an mBord é seo a bhaint amach trí:

1. leasanna chomhaltaí na scéime pinsean gairme agus sealbhóirí na gCuntas Coigiltis Scoir Pearsanta (CCSP) a chosaint trí mheán rialála éifeachtaí

2. moltaí beartais a fhorbairt agus tacú leis an Aire agus an Roinn Coimirce Sóisialaí agus ranna rialtais eile trí mheán ardchaighdeán comhairle beartais agus tacaíocht theicniúil

3. faisnéis agus treoir ábhartha a sholáthar don phobal agus dóibh siúd atá gafa le pinsin.

Ag cosaint leasanna na gcomhaltaí trí mheán rialála éifeachtaíIs féidir leis a bheith deacair go maith go leor gnéithe d’obair mhaoirseachta an Bhoird a thomhas ar bhonn cainníochtúil. Mar sin féin, mothaíonn an Bord go bhfuil cigireachtaí ar an láthair agus iniúchtaí deasc-bhunaithe rialta agus mionsonraithe mar chuid ríthábhachtach den phróiseas maoirseachta i ndáil le leasanna chomhaltaí na scéime pinsin a chosaint. Tá sé

tábhachtach a aibhsiú cé go bhfuil an Bord ag súil le hardchaighdeán riaracháin a fheiceáil mar aon le leibhéil ghéilliúlachta chomh hard céanna níl aon fhaitíos air a chuid cumhachtaí faoin Acht a úsáid chun déileáil le hábhair neamhghéilliúlachta.

Tá obair mhaoirseachta an Bhoird á tiomáint ag a chuid tosaíochtaí riosca, rud a chiallaíonn go mbeidh fócas na hairde ar sháruithe ionchais níos tromchúisí. Mar sin féin, toisc go mbraitheann maoirseacht ar bheith in ann an fhaisnéis riachtanach a ghnóthú, rachfar sa tóir i gcónaí ar chásanna a bhaineann leo siúd atá gafa le scéimeanna pinsean agus go dteipeann orthu cloí lena gcuid freagrachtaí dlí i ndáil le faisnéis a sholáthar don Bhord.

Is iad tosaíochtaí riosca an Bhoird:

1. sócmhainní nó ranníocaíochtaí scéime nó CCSP á mídhílsiú

2. teidlíochtaí sochair á ríomh go mícheart

3. scéimeanna sochair shainithe á maoiniú go neamhleor

4. infheistiú míchuí á dhéanamh ar shócmhainní pinsean

5. faisnéis neamhleor á soláthar do chomhaltaí.

Tá an Bord ag súil le heolas a fháil ar fhormhór na gcásanna neamhghéilliúlachta trína chuid gníomhaíochta maoirseachta réamhghníomhach féin agus trí mheán na faisnéise a soláthraíonn gairmithe pinsin. Mar sin féin, leanfaidh an Bord ar aghaidh ag tabhairt freagra agus ag déanamh fiosrúcháin ar thuairiscí nó ar ghearáin ón bpobal.

Imscrúduithe agus ionchúisimh

In 2012, cuireadh 20 ionchúiseamh2 i gcrích. Ghnóthaigh an Bord ciontuithe i 15 cás agus bhí cúig chás eile a scriosadh nó a tarraingíodh siar de bharr íocaíocht riaráistí.

n bhain 15 cás le hasbhaint agus neamh-tharchur chun na (Alt 58A (1)) agus teip freagra a sholáthar don Bhord (Alt 18).

n bhain cúig chás le teip freagra a sholáthar don Bhord (Alt 18).

Ag baint amach cuspóirí straitéiseacha an Bhoird

1 Féach Aguisín II agus III.

2 Féach Aguisín IV.


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Bhain cásanna ionchúisithe ag an mBord in 2012 le hasbhaint agus neamhíocaíocht ranníocaíochtaí pinsin ag fostóirí san earnáil tógála faoi Scéim Pinsean na nOibrithe Tógála (SPOT). Sa chás go dteipeann ar fhostóirí idirghabháil leis an mBord nó leis an scéim, úsáideann an Bord a chuid cumhachtaí ionchúisimh faoin Acht de réir mar is cuí. Léiríonn an cur chuige seo tromchúis na gcionta sin i dtosaíochtaí riosca an Bhoird le neamhíocaíocht ranníocaíochtaí ina shaincheist géilliúlachta suntasach. Mar thoradh ar ghníomhaíocht rialála an Bhoird táthar tar éis ionchúiseamh a dhéanamh ar chuideachtaí agus a gcuid stiúrthóirí.

Tá na Cúirteanna tar éis tromchúis na gcásanna seo a aithint trí na stiúrthóirí agus na cuideachtaí ábhartha araon a chiontú agus i gcásanna áirithe trí pianbhreitheanna coimeádta agus/nó seirbhís phobail a ghearradh ar stiúrthóirí na gcuideachtaí chomh maith le fíneálacha.

Tuairiscíodh 25 cás amhrastach nua don Bhord maidir le hasbhaint agus neamhíocaíocht ranníocaíochtaí pinsin ag fostóirí san earnáil tógála in 2012, i gcomparáid le 98 cás in 2011. Ó 2007 i leith táthar tar éis breis agus 514 cás a chur in iúl don Bhord ag líomhnú asbhaint agus neamhíocaíocht ranníocaíochtaí pinsin le scéim na n-oibrithe tógála.

I gcaitheamh na bliana 2012, dúnadh 102 cás. Dúnadh cásanna ar roinnt cúiseanna, lena n-áirítear:

n fostóirí ag íoc a gcuid riaráistí go hiomlán

n cásanna a measadh nach raibh oiriúnach le haghaidh ionchúisimh

In 2012, íocadh suim iomlán de chuid €1,328,341.89 de ranníocaíochtaí neamhíoctha fostóra agus fostaí le scéim na n-oibrithe tógála mar thoradh díreach ar idirghabháil an Bhoird.

Go dtí seo, tá luach na ranníocaíochtaí athchóirithe chuig scéim na n-oibrithe tógála mar thoradh ar ghníomhaíocht an Bhoird suite ag díreach os cionn €7,000,000 ó mhí Aibreáin 2008.

Fíneálacha

Le linn 2012 d’íoc 17 iontaobhaí ó sé scéim fíneálacha dar iomlán €66,000 leis an mBord. Cuireadh an t-airgead sin ar aghaidh go dtí an Státchiste dá réir.

Seo a leanas forais na bhfíneálacha sin:

n cúig scéim ar theip orthu teastais mhaoinithe achtúireacha a chur faoi bhráid nó a chuir faoi bhráid ró dhéanach iad

n scéim amháin ar theip uirthi, i gcaitheamh roinnt blianta, freastal ar spriocanna reachtúla i ndáil le hullmhú agus/nó nochtadh na dtuarascálacha bliantúla agus na gcuntas iniúchta agus ráitis sochair bhliantúla a eisiúint do chomhaltaí.

Bhí tabhairt isteach na bhfíneálacha mar mhalairt ar ionchúiseamh i leith cionta sonraithe an-éifeachtach maidir le caighdeáin riaracháin a ardú agus cultúr comhlíonta a chur chun cinn.

Leanfaidh an Bord le hacmhainní a leithdháileadh i ndáil leis na cionta sainiúla seo a iniúchadh.

Riarthóirí Cláraithe (RCanna)

Déanann an Bord leibhéil ghéilliúlachta le hAcht na bPinsean a mheas trí phróiseas rannpháirtíochta dírí le haonáin rialaithe agus a gcuid soláthraithe riaracháin. Ó 2010 i leith tá cigireachtaí ar an láthair á gcur i gcrích ag an mBord i ndáil le Riarthóirí Cláraithe mar chuid den phróiseas seo.

Mar toradh ar dhrochriarachán pinsean agus ar dhroch-choimeád taifead d’fhéadfadh go dtarlódh sé nach bhfaigheadh comhaltaí na sochair uile a bhfuil siad i dteideal a fháil, gan a bheith ar an eolas ina leith. Tá maoirseacht an Bhoird ar Riarthóirí Cláraithe thar ar bheith tábhachtach dá réir sin.

I rith 2012, chuir an Bord tús le 28 imscrúdú ar an láthair. I gceithre chás, chiallaigh caighdeán an riaracháin, mura raibh beart ceartaitheach curtha i gcrích, gur smaoinigh an Bord ar chlárúchán an riarthóra i gceist a aistarraingt. Leanfaidh an Bord leis na himscrúduithe seo ar an láthair in 2013 agus sna blianta amach romhainn, agus le céimeanna cuí maidir le déileáil lena thorthaí, i gcomhar leis an mBanc Ceannais áit ar cuí.

Féadfar rochtain a fháil ar thuarascáil ar thorthaí iniúchtaí 2012 trí rannóg na Riarthóirí Cláraithe ar shuíomh gréasáin an Bhoird.

Bhí 173 Riarthóir Cláraithe ar chlár an Bhoird ag deireadh na bliana agus níor diúltaíodh athnuachana do cheann ar bith ná níor cuireadh srian lena gcuid gníomhaíochtaí in 2012.

Iniúchtaí agus cruinnithe

Le linn 2012 thionóil an Bord 52 cruinniú le hiontaobhaithe, soláthraithe pinsean agus riarthóirí seirbhíse poiblí d’fhonn raon saincheisteanna géilliúlachta a phlé.

Le haghaidh éifeachtúlachta, díríonn an Bord ar rannpháirtíocht le hiontaobhaithe na scéimeanna níos mó, riarthóirí na scéimeanna seirbhíse poiblí agus soláthraithe CCSP. Tá an cineál seo rannpháirtíochta le haonáin rialaithe agus a gcuid soláthraithe riaracháin ag teacht le cur chuige riosca-bhunaithe an Bhoird i ndáil le feidhmiú an Achta a mhaoirsiú.

Bíonn an rannpháirtíocht seo i bhfoirm cruinnithe aonair leis na haonáin seo ag áitreabh an Bhoird chun réimse leathan saincheisteanna géilliúlachta i ndáil le hAcht na bPinsean a phlé. Aithnítear aon saincheisteanna imní don Bhord agus leagtar síos scála ama leis an ábhar a réiteach chun sástachta an Bhoird. Má thagann ábhair níos tromchúisí chun cinn thar tréimhse ama breathnóidh an Bord ar smachtbhannaí feiliúnacha faoin Acht.


11

Maoirseacht ar sholáthraithe CCSP

Tá 16 soláthraí CCSP ann faoi láthair a bhfuil 130 táirge CCSP faofa ag an mBord agus ag na Coimisinéirí Ioncaim ina leith. Tá na sonraí ina leith seo ar fáil i ndáil le soláthraithe agus clár táirgí CCSP ar shuíomh gréasáin an Bhoird.

Athbhreithníonn an Bord tuarascáil bhliantúil gach CCSP agus téann sé i mbun cainte le soláthraithe ábhartha agus a n-achtúire siúd chun aon mhion-sáruithe arna bhfógairt ina dtuarascálacha a réiteach. Sa chás go n-aithnítear aon ábhair imní don Bhord comhaontaítear scála ama agus plean ceartaitheach leis an soláthraí chun dul i ngleic le saincheisteanna dá leithéid. Más gá féadfaidh an Bord soláthraithe CCSP nach gcomhlíonann a gcuid oibleagáidí reachtúla a shrianadh nó a dhícháiliú.

Ar 15 Iúil 2011 cheap an Banc Ceannais iniúchóirí chuig Custom House Capital Limited chun iniúchadh a dhéanamh ar ghnóthaí an ghnóthais sin. Chuir an Bord ar fionraí, le héifeacht ó 15 Iúil 2011, faomhadh na dtrí tháirgí CCSP arna soláthar ag Custom House Capital Limited. Bhí imscrúdú an Bhoird i ndáil le Custom House Capital Limited agus a ghéilliúlacht siúd le hAcht na bPinsean agus rialacháin ábhartha leanúnach le linn 2012.

Ballraíocht na scéimeanna pinsean gairme agus conarthaí CCSP

Bhí meathlú breise i líon na gcomhaltaí gníomhacha i scéimeanna pinsean gairme le linn 2012. Ag 31 Nollaig 2012 bhí 760,620 comhalta i 61,232 scéim. Bhí laghdú foriomlán i mballraíocht SS de chuid 7,533 agus 6,211 i mballraíocht RS. Ní mór an ionadh faoin meathlú seo i bhfianaise cúinsí eacnamaíocha na tíre agus na deacrachtaí atá ag tabhairt aghaidh orthu siúd sa lucht saothair agus ar fhostóirí i gcoitinne. Is féidir a rá go bhfuil cuid suntasach den mheathlú i mballraíocht SS ann mar thoradh ar mheathlú leanúnach na fostaíochta san earnáil thógála.

Mar sin féin, le linn 2012 mhéadaigh líon na gconarthaí CCSP i bhfeidhm faoi 8,898 ag cuimsiú 5,361 CCSPanna Caighdeánacha agus 3,537 CCSPanna Neamh-Chaighdeánacha.

Áirítear líon na scéimeanna agus a gcuid ballraíochta faoi seach agus na huimhreacha i ndáil le conarthaí CCSP i bhfeidhm amhail ag 31 Nollaig 2012 in aguisíní na tuarascála seo3.

An caighdeán maoinithe

Measann an Bord go raibh easnamh i gceist i leith os cionn 80% de scéimeanna sochair shainithe ag deireadh na bliana. Cé go raibh torthaí infheistíochta go maith tríd is tríd le linn 2012, rí raibh feabhsú foriomlán ar bith ar staid na scéimeanna sochair shainithe. I gcás formhór na scéimeanna úd, tá i bhfad níos lú sócmhainní acu ná mar atá riachtanach chun freastal ar an gcaighdeán maoinithe, agus ní mór dóibh plean téarnaimh a ullmhú agus a chur faoi bhráid an Bhoird faoi lar na bliana 2013.

In 2012, tugadh isteach cúig sraith treoracha reachtúla ar na hábhair seo a leanas: blianachtaí flaithiúnais agus an caighdeán maoinithe; gnóthais fhostóra; sócmhainní teagmhasacha; tograí maoinithe; agus laghduithe sochair alt 50. Tá na treoracha reachtúla seo ar fáil ar shuíomh ghréasán an Bhoird.

Tograí maoinithe

Níor éiligh an Bord ar scéimeanna pleananna téarnaimh a sholáthar le blianta beaga anuas. Le linn 2012 leag an Bord spriocdháta an 30 Meitheamh 2013 do scéimeanna sochair shainithe uile le heasnamh iontu togra maoinithe a chur faoi bhráid an Bhoird. An príomhathrú atá tagtha chun cinn mar thoradh ar an Acht 2012 ná sa chás go dtéann togra maoinithe níos faide ná 1 Eanáir 2016, ní mór do na hiontaobhaithe a chinntiú go dtógann a dtogra maoinithe aird ar an gceanglas um chúlchiste an chaighdeáin mhaoinithe sa bhreis ar an gcaighdeán maoinithe féin.

Le linn 2012, fuair an Bord 10 n-iarratas Alt 49(3)4 agus sonraíodh dátaí níos déanaí i ndáil le naoi gcinn de na cásanna úd. Tá soiléiriú breise á lorg i ndáil le cás amháin. Fuarthas 10 n-iarratas Alt 505. Faomadh naoi gcinn agus aistarraingíodh iarratas amháin le linn 2012.

An Scéim Íocaíochta um Dhócmhainneacht Pinsean (SÍDP)

Is éard atá i gceist leis an Scéim Íocaíochta um Dhócmhainneacht Pinsean ná scéim Státchiste costas-neodrach ag tairiscint íocaíochtaí speisialta i gcásanna ina bhfuil scéim pinsean á foirceannadh le heasnamh aici (ar bhonn caighdeáin mhaoinithe íosta) agus go n-éiríonn an fostóir urraíochta dócmhainneach – an critéar “dócmhainneachta dúbailte”. I gcás scéimeanna ilfhostóra, ní mór go mbeadh na fostóirí ar fad dócmhainneach ionas go gcáileodh scéim don tacaíocht seo.

3 Féach Aguisín V.

4 Lorgaíonn iarratas um Alt 49(3) faomhadh an Bhoird Pinsean le haghaidh plean téarnaimh faoin bhfillfidh an scéim chun sócmhainneachta.

5 Lorgaíonn iarratas um Alt 50 faomhadh an Bhoird Pinsean le haghaidh laghduithe sochair atá ar intinn ag scéim a thabhairt isteach chun cuidiú leis an scéim a thabhairt ar ais chun sócmhainneachta.

12


Fuair an Bord ceithre hiarratas i rith 2012 agus deimhníodh an ceithre hiarratas a bheith incháilithe le haghaidh breithnithe faoin scéim agus cuireadh ar aghaidh iad go dtí an Roinn Caiteachais Phoiblí agus Athchóirithe don chéad chéim eile den phróiseas.

Blianachtaí flaithiúnais

Tugadh isteach reachtaíocht ag éascú tabhairt isteach na mblianachtaí flaithiúnais san Acht Leasa Shóisialaigh agus Pinsean 2011.

Is éard is blianacht fhlaithiúnais ann ná conradh blianachta eisithe ag cuideachtaí árachais ina mbíonn an íocaíocht ioncaim bhliantúil nasctha go díreach le híocaíochtaí faoi bhannaí eisithe ag Éire nó aon Bhallstát eile de chuid an AE (a bhfuil aithne orthu mar bhannaí tagartha). Ní féidir ach le hiontaobhaithe na scéimeanna pinsean gairme (scéimeanna sochair shainithe agus scéimeanna ranníocht shainithe araon) blianachtaí flaithiúnais a cheannach. I gcás cuideachtaí árachais ar spéis leo táirgí dá leithéid a thairiscint ní mór go mbeadh siad deimhnithe ag an mBord acu faoi Alt 53B d’Acht na bPinsean, 1990.

In 2012 dheimhnigh an Bord an chéad beartas blianachta flaithiúnais. Tá sonraí de sholáthraithe táirgí blianachta flaithiúnais uile ar fáil ar shuíomh gréasáin an Bhoird.

Tá a thuilleadh faisnéise d’iontaobhaithe ar bhlianachtaí flaithiúnais ar fáil ar shuíomh gréasáin an Bhoird.

Tograí beartais a fhorbairt agus tacú leis an Aire agus an Roinn Coimirce Sóisialaí trí mheán ardchaighdeán comhairle beartais agus tacaíocht theicniúilSoláthraíonn an Bord comhairle beartais don Aire agus don Roinn Coimirce Sóisialaí agus soláthraíonn Feidhmeannach an Bhoird tacaíocht theicniúil ar ábhair phinsean don Roinn agus do ghníomhaireachta eile an Rialtais. Is féidir an chomhairle seo a sholáthar trí thionscnamh an Bhoird nó ar iarratas ón Aire nó ón Roinn Coimirce Sóisialaí. Cuirtear faisnéis ar fáil don obair seo tríd an eolas gnóthaithe ag an mBord óna chuid gníomhaíochta rialála agus trí mheán monatóireachta agus anailíse leanúnaí ar threochtaí i bpinsin ghairme. Ghlac Feidhmeannach an Bhoird páirt freisin i roinnt meithleacha oibre de chuid an Bhoird a bhí gafa le hábhair i ndáil le cúrsaí pinsin agus sholáthair sé tacaíocht ina leith freisin.

Áiríodh le gníomhaíocht na bliana 2012:

n sholáthair Feidhmeannach an Bhoird tacaíocht theicniúil i ndáil le forbairt na dtograí beartais don fhoráil phinsean sochair shainithe lena n-áirítear athbhreithniú ar an gcaighdeán maoinithe.

n comhairliúchán ar shimpliú na forála pinsean sochair shainithe. Tháinig an próiseas comhairliúcháin chun críche i mí Feabhra 2012 agus tá na saincheisteanna a n-aithníodh mar bhonn le hobair leanúnach an Bhoird.

n rannpháirtíocht i dtionscadal bainteach le muirir phinsin. Bhí an tionscadal faoi cheannaireacht na Roinne Coimirce Sóisialaí le hionchur ón mBord agus ón mBanc Ceannais. Thosaigh an obair i bhfómhar na bliana 2011 agus é mar chuspóir faisnéis chuimsitheach agus mhionchruinn a ghnóthú ar gach cineál costas i ndáil le gach cineál scéime pinsin. Foilsíodh an tuarascáil ar mhuirir i mí Dheireadh Fómhair 2012.

n rannpháirtíocht ar ghrúpa Idir-Rannach ar obair agus scor, faoi cheannaireacht na Roinne Coimirce Sóisialaí agus ag déileáil le saincheisteanna pinsean i ndáil leis an méadú ar Aois an Phinsin Stáit.

Beartas rialála an AE

Bhí an Bord gníomhach freisin i gcuidiú le beartas rialála AE trína chuid rannpháirtíochta san Údarás Árachais agus Pinsin Ghairme Eorpach (ÚÁPGE). Lean Príomhfheidhmeannach an Bhoird Pinsean ar aghaidh mar chathaoirleach ar Choiste na bPinsean Gairme (OPC) de chuid ÚÁPGE. Le linn 2012, lean an coiste seo lena chuid oibre i ndáil le freagra a ullmhú agus a thabhairt chun críche ar ghlao ó Choimisiún an AE

ar chomhairle ar an athbhreithniú ar Threoir na nInstitiúidí

um Chóir ar Scor Gairme (IORP).

Mar shíneadh ar an obair seo, thosaigh an coiste ag obair ar Staidéar Tionchair Chainníochtúil (QIS) ar an iarmhairt a d’fhéadfadh a bheith ag comhchuibhiú féideartha na rialacha maoinithe pinsean ar fud na hEorpa ar IORPanna. Táthar ag súil go dtabharfaí an obair ar an staidéar seo chun críche faoi lár na bliana 2013 ach d’fhéadfadh go mbeadh a thuilleadh oibre leanúnaí de dhíth freisin.

Ghlac an Bord páirt freisin i bhFoghrúpa Faisnéise agus Dea-Chleachtais an OPC a d’fhorbair treoirlínte dea-chleachtais ar an soláthar faisnéise do scéimeanna ranníocaíocht shainithe. Tá na treoirlínte deartha le cur ar chumas an lucht déanta beartais aird a thabhairt ar na léargais bhunaithe agus úrnua faoin gcaoi ina bpróiseálann daoine faisnéis agus faoin gcaoi ina ndéantar cinntí airgeadais.

Faisnéis agus treoir ábhartha a sholáthar don phobal agus dóibh siúd atá gafa le pinsinOibríonn an Bord chun a sheasamh mar fhoinse neamhspleách, ábhartha agus iontaofa ar fhaisnéis phinsin a chothú agus a fheabhsú.


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Tacaíonn an Bord le gníomhaíocht rialála trí sheirbhís chomhtháite faisnéise agus fiosrúcháin a sholáthar dóibh seo a leanas:

n an pobal i gcoitinne, iad siúd le pinsin agus gan phinsin araon

n comhaltaí na scéime pinsin ghairme agus ranníocóirí CCSP

n iontaobhaithe scéime agus tionscal na bpinsean

n na meáin, atá ina nasc le dreamanna eile.

Dhéileáil an Bord le 6,295 fiosrúchán in 2012. Bhain formhór na bhfiosrúchán le nithe i ndáil le nochtadh faisnéise, dualgas na n-iontaobhaithe, caomhnú, an caighdeán maoinithe agus CCSPanna. Cuireadh ocht bhfiosrúchán ar aghaidh chuig aonad forfheidhmithe an Bhoird le haghaidh gníomh breise le linn 2012.

Déantar na fiosrúcháin uile a logáil ar bhunachar sonraí fiosrúcháin an Bhoird agus fágtar ar oscailt iad go dtí go mbaintear amach réiteach deiridh. Déanann an Bord monatóireacht ghéar ar aon treochtaí éiritheacha inmíocha ag eascairt as fiosrúcháin ghinearálta.

Foilseacháin thábhachtacha

Soláthraíonn an Bord raon cuimsitheach ábhar faisnéise agus treorach saor in aisce atá nuashonraithe agus leasaithe ar bhonn rialta ionas go léirítear athruithe i reachtaíocht agus rialachán pinsean.

Le linn 2012 tháirg an Bord treoir reachtúil agus foilsíodh nó nuashonraíodh roinnt leabhrán agus seicliostaí6.

Tá an fhaisnéis seo ar fad ar fáil ar shuíomh gréasáin an Bhoird áit ina sholáthraíonn an Bord seirbhís foláirimh rphoist saor in aisce freisin a chuireann síntiúsóirí ar an eolas i ndáil le haon fhaisnéis nua á cur in airde ar an suíomh gréasáin.

Suíomh gréasáin an Bhoird (www.anbordpinsean.ie)

Tá cuid nua saolré faisnéise pinsean curtha ag an mBord lena shuíomh gréasáin dar teideal ‘Understanding your pension’. Ceadaíonn an áis inchuardaithe seo do chomhaltaí scéime pinsin reatha agus ionchais araon a gcuid cúinsí pinsean féin a roghnú agus faisnéis a fháil atá ábhartha dá gcéim phearsanta siúd i saolré an phinsin. Áiríonn an chuid nua seo áireamhán pinsean feabhsaithe, uirlisí buiséid agus riosca mar aon le físeáin chun pinsin a mhíniú sa ghnáthchaint.

Léiriúcháin phoiblí agus caidreamh leis na meáin chumarsáide

Le linn 2012 d’fhreastail an Bord ar raon éagsúil imeacht poiblí ar fud na tíre agus thug sé léiriúcháin iontu, d’eisigh

sé 26 preaseisiúint nuachta agus dhéileáil sé le níos mó ná 70 fiosrúchán díreach na meán cumarsáide. Soláthraíonn an Bord ailt agus ábhair faisnéise agus oideachais a chlúdaíonn gnéithe uile pinsean do na meáin chumarsáide agus do raon cuimsitheach geallsealbhóirí tionscail agus tomhaltóra. Lorgaíonn an Bord deiseanna sna meáin chumarsáide go rialta chun díospóireacht phoiblí ar shaincheisteanna pinsean a spreagadh.

Seirbhísí tacaíochta d’iontaobhaithe

Aithníonn an Bord an ról ríthábhachtach atá ag iontaobhaithe laistigh den chóras pinsean.

Faoi Acht na bPinsean, tá sé de dhualgas ag an mBord treoir a thairiscint d’iontaobhaithe agus soláthraítear raon acmhainní chun tacú le hiontaobhaithe lena n-áirítear:

n Lámhleabhar na nIontaobhaithe

n córas oiliúna r-fhoghlama na n-iontaobhaithe

n clár oiliúnóirí na n-iontaobhaithe.

Oiliúint na n-iontaobhaithe

Le linn 2012 lean an Bord ar aghaidh leis an gceanglas d’iontaobhaithe oiliúint fhoirmiúil a fháil a chur chun cinn. Éilítear ar iontaobhaithe oiliúint a fháil laistigh de sé mhí ó thráth a gceapacháin agus ar a laghad gach dhá bhliain ina dhiaidh sin. Ní mór d’iontaobhaithe a gcuid géilliúlachta leis na hoibleagáidí seo a thuairisciú freisin i dtuarascáil bhliantúil a scéime. Déanfaidh an Bord monatóireacht ar chomhlíonadh oiliúna iontaobhaithe ar bhonn leanúnach.

Feachtas Náisiúnta Feasachta Pinsean (FNFP)

In 2012 lean an feachtas lena chuspóir chun tábhacht an tsoláthair phinsean fónta a chur in iúl i measc na n-earnálacha le leibhéil ísle de chlúdach pinsean ach go hiondúil. Chuaigh an feachtas feasachta i mbun comhair i gcaitheamh na bliana le comhlachais éagsúla ag déanamh ionadaíochta ar na hearnálacha fáilteachais, miondíola agus talmhaíochta agus eagraíochtaí ag déanamh ionadaíochta ar mhná agus ar dhaoine óga. I measc gníomhaíochta leis na grúpaí seo áiríodh cur chun cinn tábhacht na bpinsean trína suímh ghréasáin agus trí mheán na meán sóisialta, tinreamh ag a gcuid imeachtaí agus clúdach eagarthóireachta ina gcuid nuachtlitreacha agus foilseachán trádála.

Le linn 2012 lean an Feachtas Náisiúnta Feasachta Pinsean ar aghaidh i mbun oibre leis an Ghníomhaireacht Náisiúnta do Thomhaltóirí agus tacú lena cuid oibre siúd ar chlár ‘Money Skills

for Life’ na Láithreach Oibre mar aon le leanúint mar chomhalta de chuid Líonra Idirnáisiúnta OECD ar Oideachas Airgeadais.

6 Féach Aguisín VI.


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Chun freastal ar chuspóirí na straitéise tá roinnt meithleacha oibre agus coistí curtha ar bun ag an mBord7. Díríonn na meithleacha oibre seo ar shaincheisteanna pinsean tosaíochta reatha, agus/nó saincheisteanna éiritheacha atá comhaontaithe ag an mBord mar phriomhréimsí fócais agus airde. Mar thoradh na hoibre is iondúil go mbíonn sraith moltaí agus tograí a gcuirtear chuig an mBord, le haghaidh breithniúcháin.

Meitheal oibre sochair shainithe (SS) (tagtha le chéile cúig huaire in 2012)Tá an mheitheal oibre SS curtha ar bun ag an mBord chun fóram a sholáthar áit inar féidir anailís a dhéanamh ar shaincheisteanna ar leith a bhaineann le pinsin SS agus iad a phlé. Le linn 2012 d’fhorbair an mheitheal oibre treoir fhorbhreathnaithe ar an gcaighdeán maoinithe agus CCanna ar athruithe úrnua ar an gcaighdeán maoinithe atá foilsithe ar shuíomh gréasáin an Bhoird.

Meitheal oibre ranníocaíocht sainithe (RS) (tagtha le chéile trí huaire déag in 2012)Chuir an Bord an mheitheal oibre RS ar bun i dtreo deireadh na bliana 2011. Tá sé mar fhócas ag an ngrúpa fóram a sholáthar áit inar féidir anailís a dhéanamh ar shaincheisteanna ar leith a bhaineann le pinsin RS agus iad a phlé. An cuspóir bunúsach atá leis ná eolas a sholáthar do sheasamh rialála an Bhoird i ndáil le pinsin RS agus cur le beartas Boird ar phinsin RS a fhorbairt. Cuimsíonn scóip oibre an ghrúpa na cineálacha uile soláthair RS, .i. scéimeanna gairme, CCSPanna agus RACanna.

In 2012 d’fhorbair an mheitheal oibre treoirlínte ar infheistíocht d’iontaobhaithe na scéimeanna pinsean RS. Bhí comhairliúchán leis an tionscal san áireamh mar chuid den phróiseas seo. Tá sé mar aidhm leis na treoirlínte cúnamh a thabhairt d’iontaobhaithe na scéimeanna RS agus a gcuid comhairleoirí i ndáil le cinneadh a dheanamh ar na roghanna infheistíochta le cur ar fáil do chomhaltaí na scéime. Cuireadh na treoirlínte i gcrích i dtreo deireadh 2012 agus foilsíodh ar líne iad i mí Eanáir 2013.

Coiste airgeadais agus iniúchta (tagtha le chéile sé huaire in 2012)Is príomhchoiste rialachais de chuid an Bhoird é an coiste airgeadais agus iniúchta agus, trína chuid oibre, is aidhm dó a chinntiú go gcomhlíonann an Bord a chuid oibleagáidí rialachais mar chomhlacht Stáit. Áirítear leis seo maoirseacht agus measúnú leanúnach ar ghnóthaí airgeadais agus córais rialachais chorparáidigh an Bhoird. Tuairiscíonn an coiste airgeadais agus iniúchta don Bhord agus go minic coimisiúnaíonn sé athbhreithnithe agus iniúchtaí inmheánacha, á gcur i gcrích ag soláthraí seirbhíse iniúchta seachtraí. Chomhlíon an coiste clár iniúchta inmheánach go rathúil in 2012. Chuimsigh an clár athbhreithniú ar sholáthar (luach ar airgead), cur chun feidhme agus aschuir ó chóras bainistíochta sonraí an Bhoird ISIS agus tástáil chun tacú le ráiteas an Chathaoirligh ar éifeachtacht an chórais um rialú inmheánach airgeadais.

Meitheal oibre an Fheachtais Náisiúnta Feasachta Pinsean (FNFP) (tagtha le chéile faoi dhó in 2012)Tá an FNFP á reáchtáil ag an mBord thar ceann an Rialtais ó 2003. Bunaíodh an feachtas chun feasacht phoiblí ar phinsin a mhéadú d’fhonn cumhdach pinsean a fheabhsú. Leithdháil an tAire Coimirce Sóisialaí €400,000 le haghaidh leanunachais an FNFP in 2012. D’athbhreithnigh agus mhol an mheitheal oibre an plean gníomhaíochta agus an clár gníomhaíochta um fheasacht fógraíochta le haghaidh 2012 don Bhord.

Meitheal oibre pinsean agus fostaíochta (tagtha le chéile cúig huaire in 2012)Tháirg an grúpa tuarascáil ar shaincheisteanna pinsean agus fostaíochta, le tagairt ach go háirithe don mhéadú in Aois Scoir an Stáit. Cuireadh an tuarascáil seo chuig an Aire Coimirce Sóisialaí.

Coistí agus meithleacha oibre reatha an Bhoird

7 Féach aguisín I le haghaidh sonraí ballraíochta gach grúpa.


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Grúpa comhairleach rialála (RAG)Is éard atá i gceist leis an ngrúpa comhairleach rialála ná meitheal oibre straitéiseach a bhfuil sé mar fheidhm aici comhairle a sholáthar don Phríomhfheidhmeannach, don Bhord agus don ghrúpa um athbhreithniú rialála ar shaincheisteanna príomha agus ginearálta beartais rialála. Ní sholáthraíonn sé comhairle ar chásanna ar leith. In 2012 níor tháinig an grúpa comhairleach rialála le chéile.

Sa cheathrú ráithe de 2012, leasaigh an Bord téarmaí tagartha an ghrúpa comhairleach rialála agus beartaíodh gur cheart a bhallraíocht a mhéadú go seisear chomhaltaí Boird. In 2013, méadaíodh ionadaíocht an Bhoird agus ceapadh Cathaoirleach nua.

Grúpa um athbhreithniú rialála (RRG) (tagtha le chéile deich n-uaire in 2012)Tá cleachtadh roinnt feidhmeanna rialála faoi Acht na bPinsean tarmligthe ag an mBord ar an bPríomhfheidhmeannach. D’fhonn maoirseacht rialála a chothú i ndáil leis na feidhmeanna sin atá tarmligthe ar an bPríomhfheidhmeannach, éilítear ar an bPríomhfheidhmeannach dul i mbun comhairle leis an ngrúpa um athbhreithniú rialála sula ndéantar cinneadh feidhm rialála tarmligthe a chur i gcrích i gcás ar leith.

Mar chuid d’obair an ghrúpa um athbhreithniú rialála áiritear plé na gcásanna ar leith agus é ar intinn go nglacfadh an Príomhfheidhmeannach cinntí rialála de láimh, go leagfaí smachtbhannaí nó go dtionscnófaí imeachtaí dlí i gcásanna ar leith. I gcásanna ina n-éilítear go rachfaí i gcomhairle an ghrúpa um athbhreithniú rialála áirítear iad siúd a bhaineann le faomhadh na dtograí maoinithe agus laghduithe sochair alt 50, eisiúint fíneálacha ar an láthair, cinntí i ndáil le cibé ar cheart ionchúiseamh a thionscnamh, cinntí ag diúltú Riarthóir Cláraithe a chlárú nó a athnuachan agus úsáid bheartaithe aon cheann de chumhachtaí an Bhoird a éilíonn iarratas chun na hArd-Chúirte.

Coiste luach saothair (tagtha le chéile ceithre huaire in 2012)Leagann an coiste spriocanna feidhmíochta don Phríomhfheidhmeannach. Déanann sé athbhreithniú freisin ar fheidhmíocht an POF i gcoinne na spriocanna a leagtar agus, nuair is cuí, leagann sé luach saothair an Phríomhfheidhmeannach laistigh de na treoirlínte don tSeirbhís Poiblí agus conradh an POF. Cuireadh an próiseas ar bun in 2011 agus é ina dara bliain i mbun feidhme anois. Aontaíonn an coiste agus an POF gur ríthábhachtach an ról atá ag an bpróiseas i ndáil le cuspóirí agus spriocanna an Bhoird a sheachadadh agus i ndáil le cuntasacht a ghnóthú, in ainneoin nach féidir an nasc traidisiunta idir fheidhmíocht agus torthaí gradaim a chur i bhfeidhm faoi láthair de bharr sriantaí pá na hEarnála Poiblí.

Meitheal oibre taighde agus cumarsáide (tagtha le chéile uair amháin in 2012)Cuireadh an mheitheal oibre taighde agus cumarsáide ar bun le linn 2012. Tá dhá chéim leis an bhfócas dá cuid – plean cumarsáide a fhorbairt a thacaíonn le hobair foriomlán an Bhoird i ndáil le feasacht a mhéadú i measc phobal na hÉireann i dtaca an gá atá le coigilteas le haghaidh scoir. Soláthrófar eolas don phlean, dá éis sin, ó thoradh na taighde iompraíochta chun tuiscint níos fairsinge a fháil ar mheon na dtomhaltóirí Éireannacha i ndáil le pinsin agus coigiltis.

16


Tá an Bord ar an eolas faoina chuid freagrachtaí mar ghníomhaireacht rialtais i ndáil le luach ar airgead agus éifeachtúlacht a ghnóthú agus a léiriú ina chuid gníomhaíochtaí uile. Déanann an Bord imscrúdú gníomhach agus téann sé sa tóir ar dheiseanna coigilteas costais agus éifeachtúlachtaí, lena n-áirítear úsáid na seirbhísí comhroinnte agus an fhoinsithe allamuigh. Baineann an Bord úsáid uasta as teicneolaíocht faisnéise ríomhairí chun a éifeachtúlacht a bharrfheabhsú agus chun gníomhaíocht rialála a dhíriú ar na réimsí is mó riosca.

Struchtúr eagraíochtúilAtheagraíodh struchtúir fheidhmeannaigh oibriúcháin an Bhoird le linn 2012 d’fhonn a chinntiú go bhfanfadh nósanna imeachta agus cleachtais rialála an Bhoird éifeachtach agus go ndéantar gníomhaíochtaí a ailíniú do na tosaíochtaí riosca.

Tá cúig phríomhréimsí gníomhaíochta ag an mBord:

1. Forfheidhmiú

Tá forfheidhmiú freagrach as imscrúduithe ar neamhghéilliúlacht féideartha, tionscnamh ionchúiseamh agus smachtbhannaí eile an Bhoird. Tá forfheidhmiú freagrach freisin as maoirseacht leanúnach na Riarthóirí Cláraithe (RCanna) agus soláthraithe na gCuntas Coigiltis Scoir Pearsanta (CCSPanna).

2. Maoiniú agus Achtúireach

Tá an ghníomhaíocht Maoinithe agus Achtúireach freagrach as maoirseacht ar mhaoiniú na scéime sochair shainithe agus as próiseáil an na dtograí maoinithe agus na dtograí gaolmhara.

3. Oibríochtaí

Tá Oibríochtaí freagrach as gnáth-idirchaidreamh uile leis an bpobal trí mheán seirbhísí faisnéise, treoracha agus fiosrúcháin an Bhoird a sholáthar. Déanann Oibríochtaí maoirseacht ar nuashonrú agus iontaofacht na sonraí rialála uile curtha faoi bhráid an Bhoird trína Chóras um Fhaisnéise Scéime Idirghníomhaí (ISIS).

4. Beartas

Tá Beartas freagrach as comhairle, forbairt agus seachadadh beartais. Riarann Beartas caidrimh an Bhoird le hinstitiúidí agus eagraíochtaí ionadaíocha seachtracha pinsin agus Rialtais.

5. Seirbhísí Dlí agus Corparáideacha

Tá Seirbhísí Dlí agus Corparáideacha freagrach as comhairle agus tacaíocht dlíthiúil a sholáthar i ndáil le gnéithe uile de ghníomhaíocht an Bhoird. Tá Seirbhísí Corparáideacha freagrach

as rialuithe airgeadais, géilliúlacht, acmhainní daonna, áiseanna oifige agus gníomhaíonn siad mar rúnaíocht don Bhord freisin.

Táillí CCSP agus na scéime pinsin ghairmeIn 2012 bhailigh an Bord €3.23 milliún de tháillí scéime pinsin ghairme agus de tháillí RAC, arbh ionann é agus laghdú de chuid 9% i gcomparáid leis an mbliain roimhe sin. Lena chois sin bhailigh an Bord €1.68 milliún i ndáil le táirgí CCSP a bhí comhsheasmhach le seasamh na bliana 2011.

Acmhainní daonnaD’fhonn tacú le gníomhaíochtaí le linn, seoladh roinnt tionscnamh oiliúna agus forbartha tionscail le haghaidh fostaithe an Bhoird. Tá sé mar aidhm leis na tionscnaimh seo cur chuige réamhghníomhach a ghlacadh i ndáil le hoiliúint agus forbairt agus a chinntiú go bhfuil fostaithe feistithe le déileáil le hathruithe i réimse na bpinsean agus na rialála.

Aithnítear bainistíocht feidhmíochta eagraíochtúil agus aonair, agus riachtanais oiliúna agus forbartha trí Chóras Bainistíochta agus Forbartha Feidhmíochta (CBFF) an Bhoird. Bíonn fostaithe de shíor ag lorg bealaí nua chun próisis gnó agus seachadadh seirbhísí a fheabhsú.

Sláinte agus sábháilteachtTá an Bord tiomanta do thacaíocht a thabhairt do shláinte agus sábháilteacht a chuid fostaithe chomh maith le láthair oibre sábháilte a sholáthar. Tá cleachtais Sláinte agus Sábháilteachta de shíor á n-athbhreithniú agus ní raibh aon tionóiscí nó teagmhais le tuairisciú le linn 2012.

Úsáid fuinnimhIn 2012, b’ionann tomhaltas fuinnimh iomlán an Bhoird agus 167,900 KWh leictreachais. Toisc go n-áitíonn an Bord 10,600 troigh chearnach de spás oifige nua-aimseartha tíosach ar fhuinneamh i lár chathair Bhaile Átha Cliath, is beag scóip atá ann chun aon laghduithe suntasacha breise a dhéanamh ar úsáid fuinnimh. Mar sin féin leanfar le hathbhreithniú a dhéanamh ar an scéal seo.

Íocaíochtaí prasaFeidhmíonn an Bord beartas íocaíochta 15 lá. Seoltar tuarascálacha ráithiúla um íocaíocht phras ar ais chuig an Roinn Coimirce Sóisialaí agus cuirtear in airde ar shuíomh gréasáin an Bhoird iad.

Eagraíocht éifeachtúil a reáchtáil


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Déantar cinnteoireacht laethúil a tharmligean chuig fostaithe atá faoi mhaoirseacht ghníomhach an Bhoird.Foireann an Bhoird amhail ag 31 Nollaig 2012.

Brendan KennedyPríomhfheidhmeannach

Príomhoifi gigh Chúnta

Aideen Bugler

Eoin Cassells

Gerard Clarke

Madeleine Delaney

Catherine Goulding

Mary Howe

Maura Howe

Andrew Nugent

Cheryl Richardson

John Shanahan

Ardoifi gigh Fheidhmiúcháin

Mary Broderick

Martin Buggy

Rachael Gleeson

Ciarán Holahan

Deirdre Kelly

Jo Kenny

John McCarthy

Dympna Moran

Paul Muldowney

Eimear Murphy

Kieran O’Dea

Oifi gigh Fheidhmiúcháin

Sherry Bass

Valerie Christie

Maire Ní Fhiachain

Alison Flynn

Emily Keyes

Cathy Lynch

Catherine McAuley

Renée O’Reilly

Edel Stenson

Christina Winters

Oifi gigh Chléireachais

Laura Allen

Robert Bradley

David Byrne

Mary Conlon

Niamh Crowley

Marie Earley

Paul Flaherty

Eileen Flynn

Emma Hunter

Lydia Leonard

Julie McCarthy

Maura Moroney

Mary HutchCeannaire ar Pholasaí

Tom DunphyCeannaire ar Fhorfheidhmiú

Pat O’SullivanCeannaire ar Mhaoiniú agus Achtúireach

Sylvia McNeeceCeannaire ar Dlí

Grace GuyLeas-Cheannaire ar Dlí

(Rúnaí don Bhord)

David MaloneCeannasaí Oibríochtaí

Foireann an Bhoird Pinsean

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Ráitis airgeadaisdon bhliain dar críoch 31 Nollaig 2012

Tuarascáil an Ard-Reachtaire Cuntas agus Ciste 19

Ráiteas ar fhreagrachtaí an Bhoird 21

Ráiteas ar rialú inmheánach airgeadais 22

Ráiteas na bpolasaithe cuntasaíochta 23

Cuntas ioncaim agus caiteachais 24

Clár comhardaithe 25

Ráiteas faoi shreabhadh airgid 26

Nótaí leis na ráitis airgeadais 27


19

An Bord PinseanTá iniúchadh déanta agam ar na ráitis airgeadais de chuid An Bhoird Pinsean don bhliain dar críoch 31 Nollaig 2012 faoi Acht na bPinsean, 1990. Cuimsíonn na ráitis airgeadais, atáthar tar éis a ullmhú de réir na bpolasaithe cuntasaíochta atá leagtha amach ann, ráiteas na bpolasaithe cuntasaíochta, an cuntas ioncaim agus caiteachais, an clár comhardaithe, an ráiteas faoi shreabhadh airgid agus na nótaí gaolmhara. Táthar tar éis na ráitis airgeadais a ullmhú san fhoirm a forordaítear faoi Alt 22 den Acht, agus i gcomhréir leis na prionsabail chuntasaíochta a nglactar leo go coitianta.

Freagrachtaí an BhoirdTá an Bord freagrach as na ráitis airgeadais a ullmhú, as a chinntiú go dtugann siad tuairisc fhíor agus chothrom ar staid ghnóthaí an Bhoird agus ar a ioncam agus a chaiteachas, agus as rialtacht na n-idirbheart a chinntiú.

Freagrachtaí an Ard-Reachtaire Cuntas agus CisteTáim freagrach as iniúchadh a dhéanamh ar na ráitis airgeadais agus as tuairisciú a dhéanamh orthu de réir an dlí is infheidhme.

Déantar mo chuid iniúchta le tagairt do na breithnithe speisialta a ghabhann le comhlachtaí Stáit maidir lena mbainistiú agus a bhfeidhmiú.

Déantar m’iniúchadh de réir na gCaighdeán Idirnáisiúnta Iniúchóireachta (An Ríocht Aontaithe agus Éire) agus i gcomhlíonadh le Caighdeáin Eiticiúla d’Iniúchóirí an Bhoird um Chleachtais Iniúchóireachta.

Scóip an Iniúchta ar na Ráitis AirgeadaisBaineann iniúchadh le fianaise a bhailiú faoi na suimeanna agus na nochtaí atá sna ráitis airgeadais, fianaise ar leor í chun dearbhú réasúnach a thabhairt go bhfuil na ráitis airgeadais saor ó aon mhíráiteas ábhartha, cibé mar gheall ar chalaois nó earráid é. Cuimsíonn sé sin measúnú ar

n cibé an bhfuil na polasaithe cuntasaíochta iomchuí do chúinsí an Bhoird, agus an bhfuil siad curtha i bhfeidhm ar bhonn comhsheasmhach agus nochta go leordhóthanach

n réasúntacht na meastachán suntasach cuntasaíochta a rinneadh agus na ráitis airgeadais á n-ullmú, agus

n cur i láthair foriomlán na ráiteas airgeadais.

Déanaim iarracht freisin fianaise a ghnóthú maidir le rialtacht na n-idirbheart airgeadais i gcaitheamh iniúchta.

Sa bhreis air sin, léim an tuarascáil bhliantúil an Bhoird chun neamhréireachtaí ábhartha leis na ráitis airgeadais iniúchta a aithint. Má thugaim aon mhíráiteas nó neamhréireacht dealraitheacha ábhartha faoi deara, déanaim breithniú ar na himpleachtaí a bheadh ag a leithéid ar mo thuairisc féin.

Tuairim i leith na Ráiteas AirgeadaisI mo thuairimse, tugann na ráitis airgeadais, atá ullmhaithe de réir an chleachtais chuntasaíochta a nglactar leis go coitianta in Éirinn, léargas cruinn agus cothrom ar staid ghnóthaí an Bhoird ag 31 nollaig 2012 agus ar an ioncam agus caiteachas dá chuid don bhliain dar críoch ansin.

I mo thuairim, tá leabhair chuntais chearta coimeádta ag an mBord. Tá na ráitis airgeadais i gcomhaontú leis na leabhair chuntais.

Tuarascáil an Ard-Reachtaire Cuntas agus Ciste le cur faoi bhráid Thithe an Oireachtais

20


Nithe a ndéanaim tuairisciú de réir eisceachta orthuTuairiscím de réir eisceachta sna cásanna seo a leanas

n mura bhfuil an fhaisnéis agus na míniúcháin uile a theastaigh uaim dom’ iniúchadh faighte agam, nó

n má tógadh faoi deara i gcaitheamh m’iniúchadh nach raibh airgead á úsáid chun na críocha beartaithe ina leith nó sa chás nár ghéill na hidirbhearta do na húdaráis á rialú, nó

n mura bhfuil an fhaisnéis atá tugtha i dtuarascáil bhliantúil an Bhoird comhsheasmhach leis na ráitis airgeadais ghaolmhara, nó

n mura léiríonn an Ráiteas um Rialú Inmheánach Airgeadais comhlíonadh an Bhoird leis an gCód Cleachtais um Rialachas Comhlachtaí Stáit, nó

n sa chás gur léir dom gur ann do nithe ábhartha eile a bhaineann leis an mbealach a cuireadh gnó poiblí i gcrích.

Níl aon rud le tuairisciú agam maidir leis na nithe sin a thuairiscín de réir eisceachta orthu.

Patricia Sheehan

Le haghaidh agus thar ceann an Ard-Reachtaire Cuntas

agus Ciste

28 Bealtaine 2013

Tuarascáil an Ard-Reachtaire Cuntas agus Ciste le cur faoi bhráid Thithe an Oireachtais ar lean


21

Faoi Alt 22(1) d’Acht na bPinsean, 1990, arna leasú, tá sé de dhíth ar an mBord ráitis airgeadais a ullmhú ina leithéid de shlí gur féidir leis an Aire Coimirce Sóisialaí, le comhthoil an Aire Airgeadais, iad a fhaomhadh. In ullmhú na ráiteas airgeadais, éilítear ar an mBord:

n polasaithe cuntasaíochta oiriúnacha a roghnú agus ansin iad a chur i bhfeidhm go comhsheasmhach

n breithiúnais agus meastacháin a dhéanamh atá réasúnach agus stuama

n na ráitis airgeadais a ullmhú ar bhonn gnóthais leantaigh, ach amháin sa chás gur míchuí a thoimhdiú go leanfaidh an Bord i mbun feidhme

n aon scaradh ábhartha ó chaighdeáin chuntasaíochta ábhartha a nochtadh agus a mhíniú.

Tá an Bord freagrach as leabhair chuntais chuí a choimeád, a nochtann le cruinneas réasúnta stádas airgeadais an Bhoird ag aon am agus a chuireann ar a chumas a chinntiú go gcloíonn na ráitis airgeadais le hAlt 22(1) d’Acht na bPinsean, 1990, arna leasú. Tá an Bord freagrach freisin as sócmhainní an Bhoird a chosaint agus as céimeanna réasúnta a ghlacadh chun calaois agus neamhrialtachtaí eile a aithint agus a chosc.

Jane Williams Niall Walsh Cathaoirleach Comhalta Boird

13 Bealtaine 2013

Ráiteas ar fhreagrachtaí an Bhoird

22


Freagracht as an gcóras um rialú inmheánach airgeadaisThar ceann an Bhoird, aithním ár bhfreagracht chun a chinntiú go bhfuil córas um rialú inmheánach airgeadais cuí á choimeád agus á fheidhmiú againn.

Ní féidir leis an gcóras ach deimhniú réasúnta seachas deimhniú lán dearfach a thabhairt go bhfuil sócmhainní cosanta, idirbhearta údaraithe agus taifeadta go cuí agus go bhfuil earráidí nó neamhrialtachtaí ábhartha coiscthe nó go n-aithneofaí iad in am tráthúil.

Príomh-nósanna imeachta rialaitheTá céimeanna glactha de láimh ag an mBord chun timpeallacht rialaithe chuí a chinntiú trí:

n freagrachtaí bainistíochta a shainmhíniú go soiléir

n nósanna imeachta tuairiscithe a bhunú chun teipeanna suntasacha a rialú agus a chinntiú go dtugtar faoi ghníomh cuí ceartaitheach

n Coiste Airgeadais agus Iniúchta tiomnaithe a bhunú

n deighilt shoiléir a chruthú idir fheidhmeanna an Bhoird agus an Fheidhmeannais

n Cód Cleachtais a fhoilsiú do chomhaltaí agus d’fhoireann an Bhoird

n iniúchóirí inmheánacha a cheapadh.

Tá próisis bunaithe ag an mBord chun rioscaí gnó a aithint agus a mheas trí:

n nádúr, fairsinge agus impleacht féideartha na rioscaí atá os comhair an Bhoird a aithint, lena n-áirítear an méid agus na catagóirí atá inghlactha dar leis

n an dóchúlacht go dtarlóidh rioscaí aitheanta a mheas

n measúnú a dhéanamh ar chumas an Bhoird na rioscaí a thagann os a chomhair a bhainistiú agus a mhaolú

n aird a thabhairt ar na costais a bhaineann le rialuithe áirithe a fheidhmiú i leith an tairbhe a bhaintear astu.

Tá an córas um rialú inmheánach airgeadais bunaithe ar chreatlach d’fhaisnéis bhainistíochta rialta, nósanna imeachta riaracháin lena n-áirítear leithscaradh dualgas agus córas tarmligin agus freagrachta. Áirítear ann ach go háirithe:

n córas buiséadaithe cuimsitheach le buiséad bliantúil atá athbhreithnithe agus aontaithe ag an mBord

n athbhreithnithe rialta á gcur i gcrích ag an gCoiste Airgeadais agus Iniúchta agus ag an mBord ar thuarascálacha airgeadais tréimhsiúla agus bliantúla a

thugann léargas ar fheidhmíocht airgeadais i gcomparáid le réamh-mheastacháin

n spriocanna a leagan síos le feidhmíocht airgeadais agus eile a thomhas

n iniúchtaí inmheánacha rialta.

Mar a cuireadh i bhfeidhm in 2003 is í an fheidhm iniúchta inmheánaigh an príomhghné a chuireann an Bord ar an eolas maidir le héifeachtacht an chórais um rialú inmheánach airgeadais. Feidhmíonn na hiniúchóirí inmheánacha de réir an Chóid Chleachtais do Rialachas Comhlachtaí Stáit. Cuirtear faisnéis ar fáil d’obair an iniúchta inmheánaigh trí anailís a dhéanamh ar an riosca a bhfuil an comhlacht nochta ina leith agus tá cleachtadh anailíse riosca iomlán curtha i gcrích ina leith sin.

Tá anailís riosca agus an t-iniúchadh inmheánach formhuinithe ag an gCoiste Airgeadais agus Iniúchta agus faofa ag an mBord.

Sa bhliain dar críoch 31 Nollaig 2012, trí ghníomhaíocht leanúnach a Choiste Airgeadais agus Iniúchta, tá monatóireacht déanta ag an mBord ar obair an Fheidhmeannais i réimse an rialaithe airgeadais. Go háirithe, scrúdaigh an Coiste na nithe seo a leanas;

n cuntais bhainistíochta rialta agus/nó tréimhsiúla don bhliain 2012, le hanailís agus míniú ar chlaontaí suntasacha ón mbuiséad

n cuntais bhliantúla do 2011 agus míniú ar dhifríochtaí suntasacha

n buiséad bliantúil agus plean airgeadais don bhliain 2013

n athbhreithniú ar tháille na scéime pinsean gairme

n athbhreithniú ar an straitéis infheistíochta

n tuairiscí an iniúchta inmheánaigh.

Athbhreithniú bliantúil ar rialuitheDeimhním maidir leis an mbliain dar críoch 31 Nollaig 2012 go ndearna an Bord athbhreithniú ar éifeachtacht an chórais um rialú inmheánach airgeadais.

Jane Williams Cathaoirleach

13 Bealtaine 2013

Ráiteas ar rialú inmheánach airgeadais


23

Táthar tar éis na polasaithe cuntasaíochta seo a leanas a chur i bhfeidhm go comhsheasmhach i ndéileáil le míreanna a nglactar leo mar nithe ábhartha i ndáil leis na ráitis airgeadais.

a) Bonn ullmhúcháin na ráiteas airgeadaisUllmhaítear na ráitis airgeadais faoi mhodh fabhraithe na cuntasaíochta agus faoin gcoinbhinsiún costais stairiúil i bhfoirm atá faofa ag an Aire Coimirce Sóisialaí le comhthoil an Aire Airgeadais, de réir Alt 22(1) d’Acht na bPinsean, 1990, arna leasú.

Ullmhaítear na ráitis airgeadais chomh maith de réir na gcaighdeán cuntasaíochta a nglactar i gcoitinne leo in Éirinn, caighdeáin atá forbartha ag an mBord um Chaighdeáin Chuntasaíochta. Tá na ráitis airgeadais tugtha i euro.

b) Ioncam táilleLéiríonn ioncam táille:

i) An méid a mheasann an Bord gur féidir a bhailiú maidir le scéimeanna pinsean gairme sa bhliain. Tógann an meastachán seo aird ar fháltais airgid thirim agus seiceáiltear réasúntacht an fhigiúir seo i gcoinne an ioncaim táille ionchais bunaithe ar phróifíl ríomhairithe scéimeanna an Bhoird.

ii) Méideanna dlite maidir le feidhmiú, táirgeadh agus táillí bliantúla gearrtha ar sholáthraithe na gCuntas Coigiltis Scoir Pearsanta (CCSP). Ríomhtar táillí CCSP trí thagairt don líon táirgí cláraithe faofa agus do luach na gcistí faoi bhainistíocht an tsoláthraí ag deireadh na bliana roimhe sin.

c) Deontas StáitLéiríonn deontas Stáit an méid atá curtha ar fáil don bhliain ábhartha ag an Roinn Coimirce Sóisialaí chun:

n costas na sochar aoisliúntais atá íoctha ag an mBord a fhorchúiteamh

n na costais a bhaineann leis an bhFeachtas Náisiúnta Feasachta Pinsin a ghlanadh

n cur le costais ábhartha eile.

d) Cúlchiste caipitil CCSPIs ionann an cúlchiste seo agus méid an deontais Stáit gan amúchadh a úsáideadh chun sócmhainní seasta a bhaineann le riaradh CCSP a cheannach agus déantar é a amúchadh i gcomhréir le dímheas na sócmhainní ábhartha arna ngnóthú.

e) Dímheas agus sócmhainní seasta inláimhsitheTá sócmhainní seasta inláimhsithe léirithe mar chostas lúide dímheas carntha. Gearrtar dímheas ón gcuntas ioncaim agus caiteachais de réir méid chothroim ag na rátaí bliantúla atá leagtha amach anseo thíos, ionas gur féidir na sócmhainní a dhíscríobh, coigeartaithe do luach measta iarmharach, thar an saol úsáideach ionchais i ngach catagóir oiriúnach.

n Feabhsuithe léasacha 6²⁄³% – 15 bliana

n Trealamh ríomhaireachta 25% – 4 bliana

n Troscán oifige 12½% – 8 mbliana

n Trealamh oifige 20% – 5 bliana

f) Léas oibriúcháinDéileáiltear le híocaíochtaí cíosa sa chuntas ioncaim agus caiteachais sa bhliain lena mbaineann siad.

g) AoisliúntasI bhfianaise na socruithe dá dtagraítear i nóta 19, socruithe atá déanta ag an mBord maidir leis an scéim shochair shainithe atá i bhfeidhm aige dá bhfostaithe, measann an Bord nach bhfuil forálacha Chaighdeáin Tuairiscithe Airgeadais 17, Cuntasaíocht do Shochair Scoir i ndáil le cuntasaíocht le haghaidh dliteanas pinsean a eascraíonn ó scéimeanna sochair shainithe, infheidhme.

Dá réir sin, gearrann an Bord ranníocaíochtaí fostóra i ndáil le hioncam agus caiteachas sa bhliain amhail is dá mba scéim shochair shainithe a bhí i gceist sa scéim.

Cuirtear íocaíochtaí sochair aoisliúntais san áireamh mar mhír caiteachais agus léirítear é mar chomh-ioncam a sheasann d’aisghabháil íocaíochtaí ón Roinn Coimirce Sóisialaí.

h) Cúlchiste forfheidhmithe comhlíontaDe bhrí gurb é an Bord Pinsean an comhlacht rialála reachtúil atá freagrach as monatóireacht a dhéanamh ar chomhlíonadh na n-iontaobhaithe scéime le forálacha Acht na bPinsean, 1990, arna leasú, agus a chur i bhfeidhm, d’fhéadfadh go mbeadh gá ag an mBord le caingean dlí ó am go ham.

I gcásanna áirithe, d’fhéadfadh costais shuntasacha a bheith le híoc ag an mBord as gníomh dá leithéid sin. Ní féidir a réamh-mheas roimh ré cén uair a thiocfadh a leithéid de chásanna chun cinn ná an leibhéal costais a thiocfadh astu, ach measann an Bord gur den chríonnacht é a chinntiú go bhfuil go leor acmhainní ar fáil agus a leithéid de chostais a leathadh amach thar roinnt blianta.

Dá réir sin, aistrítear méideanna ón gcuntas ioncaim agus caiteachais go dtí an cúlchiste forfheidhmithe comhlíonta nuair a mheastar go bhfuil a leithéid riachtanach.

Ráiteas na bpolasaithe cuntasaíochta

24


Nótaí2012

€2011

€

Ioncam

Táillí na scéime pinsin ghairme 3,232,268 3,587,363

Táillí an Chuntais Choigiltis Scoir Phearsanta 1,680,721 1,699,156

Deontas Stáit maidir le:

Íocaíochtaí pinsean le comhaltaí foirne scortha 295,821 130,646

Costais an Fheachtais Náisiúnta Feasachta Pinsin 1 400,000 377,208

Ioncam eile 2 228,909 189,708

Ioncam iomlán 5,837,719 5,984,081

Tarchur ó cúlchiste caipitil CCSP 15 26,851 27,841

5,864,570 6,011,922

Caiteachas

Tuarastail, pinsin agus costais ghaolmhara 3 & 4 3,993,583 3,247,286

Táillí agus costais na gcomhaltaí Boird 5 91,077 105,525

Cíos agus costais oifi ge 6 743,397 747,633

Costais oiliúna, oideachais agus costais foirne 7 122,690 75,489

Faisnéis, taighde agus poiblíocht 8 284,589 304,271

Comhairliúchán agus táillí gairmiúla eile 9 697,135 571,079

Riarachán ginearálta 10 390,214 360,753

Dímheas 11 279,730 250,031

Caiteachas iomlán 6,602,415 5,662,067

(Easnamh)/Farasbarr don bhliain (737,845) 349,855

Cúlchiste ioncaim ag 1 Eanáir 6,825,040 6,475,185

(Easnamh)/Farasbarr don bhliain (737,845) 349,855

Cúlchiste ioncaim ag 31 Nollaig 6,087,195 6,825,040

Ní raibh aon ghnóthachain nó caillteanais ag an mBord sa bhliain airgeadais nó sa bhliain airgeadais roimhe sin seachas na cinn sin a ndéileáiltear leo sa chuntas ioncaim agus caiteachais.

Baineann torthaí na bliana le hoibríochtaí leanúnacha.

Tá ráiteas na bpolasaithe cuntasaíochta, an ráiteas ar shreabhadh airgid agus nótaí 1 go 24 mar chuid de na ráitis airgeadais seo.

Jane Williams Brendan KennedyCathaoirleach Príomhfheidhmeannach

13 Bealtaine 2013

Cuntas ioncaim agus caiteachaisdon bhliain dar críoch 31 Nollaig 2012


25

Nótaí

2012

€

2012

€

2011

€

2011

€

Sócmhainní seasta

Sócmhainní inláimhsithe 11 619,515 736,768

Sócmhainní reatha

Féichiúnaithe 12 555,868 528,042

Banc 18 6,831,731 7,649,097

7,387,599 8,177,139

Fiachais reatha

Méideanna na gcreidiúnaithe dlite laistigh de bhliain amháin 13 337,115 479,212

Glansócmhainní reatha 7,050,484 7,697,927

Iomlán na sócmhainní 7,669,999 8,434,695

Maoinithe ag

Cúlchiste forfheidhmithe comhlíonta 16 1,500,000 1,500,000

Cúlchiste caipitil CCSP 15 82,804 109,655

Cúlchiste ioncaim 6,087,195 6,825,040

7,669,999 8,434,695

Tá ráiteas na bpolasaithe cuntasaíochta, an ráiteas ar shreabhadh airgid agus nótaí 1 go 24 mar chuid de na ráitis airgeadais seo.

Jane Williams Brendan KennedyCathaoirleach Príomhfheidhmeannach

13 Bealtaine 2013

Clár comhardaitheag 31 Nollaig 2012

26


Nótaí 2012

€2011

€

Ráiteas faoi shreabhadh airgid

Glan (eis-sreabhadh)/insreabhadh airgid ó ghníomhaíochtaí oibriúcháin 17 (737,652) 452,133

Torthaí ar infheistíochtaí agus fónamh ar airgeadas

Ús faighte 187,632 133,728

Caiteachas caipitil

Íocaíochtaí chun sócmhainní seasta inláimhsithe a ghnóthú (268,246) (210,490)

Fáltais ar dhíolachán sócmhainní seasta inláimhsithe 900 –

Bainistiú acmhainní leachtacha

Laghdú/(méadú) i dtaiscí gearrthéarmacha 649,635 (109,866)

(Laghdú)/méadú in airgead tirim (167,731) 265,505

Imréiteach an tsreafa airgid ghlan le gluaiseacht i nglanchistí 18

(Laghdú)/méadú in airgead tirim sa bhliain (167,731) 265,505

(Laghdú)/méadú i dtaiscí gearrthéarmacha (649,635) 109,866

Gluaiseacht i nglanchistí sa bhliain (817,366) 375,371

Glanchistí ag 1 Eanáir 7,649,097 7,273,726

Glanchistí ag 31 Nollaig 6,831,731 7,649,097

Ráiteas faoi shreabhadh airgiddon bhliain dar críoch 31 Nollaig 2012


27

1. Maoiniú agus costais an Fheachtais Náisiúnta Feasachta Pinsin (FNFP)

Lean an Bord, thar ceann an Rialtais, leis an bhFeachtas Náisiúnta Feasachta Pinsin (FNFP) in 2012. Cuireadh deontas de chuid €400,000 (2011, €377,208) ón Roinn Coimirce Sóisialaí ar fáil sa bhliain chuige seo. Ba é an phríomhaidhm a bhí leis an FNFP ná cur leis an tuiscint atá ag daoine ar phinsin agus cumhdach pinsean a mhéadú in Éirinn.

Caitheadh an deontas sna príomh-chatagóirí seo a leanas:

2012€

2011€

Faisnéis agus gníomhachtaí feasachta 292,618 253,926

Bainistíocht tionscadail 94,728 96,934

Riarachán 12,595 26,348

399,941 377,208

2. Ioncam eile

2012€

2011€

Ioncam úis 220,339 170,564

Costais na cúirte 6,950 16,904

Ioncam ilghnéitheach 1,620 2,240

228,909 189,708

3. Costais na bhfostaithe

Bhí meánlíon na bhfostaithe coibhéiseach lánaimseartha i rith na bliana cothrom le 48, (2011, 40.2). Seo a leanas mar a bhí costais chomhiomlána fostaithe agus costais ghaolmhara:

2012€

2011€

Tuarastail 2,733,103 2,309,477

Ranníocaíochtaí aoisliúntais an fhostóra1 719,750 598,313

Ranníocaíochtaí ÍMAT an fhostóra 237,476 179,840

Sochair aoisliúntais iníoctha 295,821 130,646

Foireann Chonartha – ginearálta 7,433 29,010

3,993,583 3,247,286

1 Féach nóta 19.

4. Luach Saothair an Phríomhoifigigh Fheidhmiúcháin

2012€

2011€

Tuarastal 153,885 153,885Ranníocaíocht aoisliúntais an fhostóra 38,471 38,471

192,356 192,356

Ní sháraíonn teidlíochtaí pinsean an Phríomhfheidhmeannaigh na teidlíochtaí caighdeánacha arna soláthar i múnla na hearnála poiblí um scéim aoisliúntais sochair shainithe.

Nótaí leis na Ráitis Airgeadaisdon bhliain dar críoch 31 Nollaig 2012

28


5. Táillí agus costais na gcomhaltaí Boird

2012€

2011€

Táillí an Bhoird 90,203 103,669Costais2 874 1,856

91,077 105,525

2 Taisteal agus cothabháil in-tíre i ndáil le costais taistil chun freastal ar chruinnithe Boird.

Táillí Boird

Ainm2012

€2011

€Jane Williams – Cathaoirleach 11,970 11,970Noreen Deegan 7,695 7,695Brendan Johnston 7,695 7,695Terence Noone 7,695 7,695Emer O’Flanagan 7,695 7,695Rosalind Briggs 7,695 7,695Don O’Higgins 7,695 7,695Phelim O’Reilly 7,695 7,695Rachael Ryan 1,283 7,695Mary Walsh 7,695 7,695Robin Webster 7,695 7,695Niall Walsh 7,695 7,695John McHale (d’éirigh as i mí na Nollag 2011) – 7,054

90,203 103,669

6. Costais cíosa agus costais oifige

2012€

2011€

Cíos 560,042 564,075Táille seirbhíse 45,665 47,316Rátaí 61,379 62,442Leictreachas 32,076 26,565Glanadh 22,314 21,547Cothabháil ghinearálta 16,170 20,655Stóras seachtrach 5,751 5,033

743,397 747,633

Áitíonn an Bord áitreabh oifige i dTeach Verschoyle, Sráid an Mhóta Íochtarach, Baile Átha Cliath 2, faoi leas 25 bliain, a thosaigh ar 16 Iúil 2001.

Nótaí leis na Ráitis Airgeadais ar lean


29

7. Costais oiliúna, oideachais agus costais foirne gaolmhara

2012€

2011€

Traenáil agus oideachas 95,930 49,567

Costais i ndáil leis an bhfoireann3 26,760 25,922

122,690 75,489

3 Lena n-áirítear costais cheaintín, ranníocaíochtaí le cumann spóirt agus sóisialta na foirne agus gníomhaíochtaí eile.

8. Faisnéis, taighde agus poiblíocht

2012€

2011€

Fógraíocht agus gníomhaíochtaí feasachta 179,663 201,397

Priontáil, foilseacháin agus suíomh gréasáin 41,631 51,547

Seastáin faisnéise agus seoltaí 40,044 19,126

Taighde 23,251 32,201

284,589 304,271

9. Táillí comhairleachta agus táillí gairmiúla eile

2012€

2011€

Comhairle dlí 359,958 330,610Imscrúduithe agus tacaíocht chomhlíonta 32,910 109,266Faisnéis agus caidrimh phoiblí 5,166 23,247Forbairt tionscadail 189,343 10,636Comhairleacht taighde 32,472 26,348Táillí comhairleachta teicniúla/pinsean 6,150 14,453Táillí iniúchóireachta inmheánacha 19,065 18,168Táillí iniúchóireachta reachtúla 14,100 14,100Comhairleacht earcaíochta 7,056 7,710Eile 30,915 16,541

697,135 571,079

10. Riarachán ginearálta

2012€

2011€

Costais páipéarachais agus riaracháin 58,735 41,826

Suibscríbhinní corparáideacha 72,838 59,826

Guthán agus postas 42,834 44,072

Cothabháil ríomhairí agus tomhaltáin 113,562 121,198

Taisteal agus cothabháil 49,479 42,883

Árachais 49,209 48,553

Ús agus táillí 3,557 2,395

390,214 360,753

30


11. Sócmhainní seasta inláimhsithe

Feabhsuithe léasacha

Trealamh ríomhaireachta

Troscán oifige

Trealamh oifige Iomlán

€ € € € €

Costas nó Luacháil

Ag 1 Eanáir 2012 1,157,692 1,365,883 209,224 85,444 2,818,243

Breiseanna sa bhliain 5,742 147,493 – 9,242 162,477

Diúscairtí sa bhliain4 – (445,457) (369) (14,023) (459,849)

Ag 31 Nollaig 2012 1,163,434 1,067,919 208,855 80,663 2,520,871

Dímheas Carntha

Ag 1 Eanáir 2012 837,137 992,601 194,769 56,968 2,081,475

Táille don bhliain 77,562 185,943 3,367 12,858 279,730

Diúscairtí sa bhliain – (445,457) (369) (14,023) (459,849)

Ag 31 Nollaig 2012 914,699 733,087 197,767 55,803 1,901,356

Glanluach Leabhair

Ag 31 Nollaig 2011 320,555 373,282 14,455 28,476 736,768

Ag 31 Nollaig 2012 248,735 334,832 11,088 24,860 619,515

4 Diúscairtí sa bhliain i ndáil le bogearraí agus trealamh TF ar leith a d’imigh i léig nuair a tháinig Córas Idirghníomhach

um Fhaisnéis Scéime (ISIS) an Bhoird ina n-áit.

12. Féichiúnaithe

2012€

2011€

Méideanna dlite laistigh de bhliain amháin:

Ioncam táille 370,000 400,000

Ús fabhraithe infhaighte 106,527 73,820

Réamhíocaíochtaí agus ioncam fabhraithe 57,284 37,648

Féichiúnaithe eile 22,057 16,574

555,868 528,042

13. Creidiúnaithe

2012€

2011€

Méideanna dlite laistigh de bhliain amháin:

Fabhruithe creidiúnaithe 205,823 163,573

Fabhruithe caipitil 23,993 129,763

Creidiúnaí cánach 91,505 110,178

Creidiúnaí DSP 6,000 36,792

Creidiúnaithe trádála 9,794 38,906

337,115 479,212



31

14. Ceangaltais airgeadais

(i) Ceangaltais chaipitil

Ní raibh aon ghealltanais chaipitiúla ag 31 Nollaig 2012.

(ii) Léasanna Oibriúcháin

Bhí tiomantais iníoctha ag an mBord sa dhá mhí dhéag amach romhainn faoi léasanna oibriúcháin neamh-inchealaithe mar seo a leanas:

2012€

2011€

Léas ar chóiríocht oifige 2012

Ag dul in éag tar éis cúig bliana 555,000 555,000

15. Cúlchiste caipitil CCSP

2012€

2011€

Ag tús na bliana 109,655 137,496

Aistriú chuig an gCuntas Ioncaim agus Caiteachais

Amúchadh – éadálacha na bliana roimhe sin (26,851) (27,841)

Ag deireadh na bliana 82,804 109,655

16. Cúlchiste forfheidhmithe comhlíonta

2012€

2011€

Ag tús agus deireadh na bliana 1,500,000 1,500,000

17. Réiteach an fharasbairr/(easnaimh) don bhliain chuig glan-insreabhadh/(eis-sreabhadh) airgid ó ghníomhaíochtaí oibriúcháin

2012€

2011€

(Easnamh)/farasbarr don bhliain (737,845) 349,855

Míreanna neamh-oibriúcháin

Ús faighte (187,632) (133,728)

Gnóthachan ar dhiúscairt sócmhainní seasta (900) –

Míreanna neamh-airgid

Tarchur (ó) chúlchiste caipitil CCSP (26,851) (27,841)

Dímheas 279,730 250,031

(Laghdú) ar fhéichiúnaithe (27,826) (63,173)

(Méadú)/laghdú ar chreidiúnaithe neamh-chaipitil (36,328) 76,989

Glan (eis-sreabhadh)/insreabhadh airgid ó ghníomhaíochtaí oibriúcháin (737,652) 452,133

32


18. Anailís ar athruithe i nglanchistí

Ag 1Eanáir

2012€

Sreabhadh airgid

€

Ag 31 Nollaig

2012€

Airgead tirim sa bhanc agus ar láimh 692,933 (167,731) 525,202

Taiscí gearrthéarmacha 6,956,164 (649,635) 6,306,529

7,649,097 (817,366) 6,831,731

19. Láimhseáil cuntasaíochta do shochair scoir5

Reáchtálann an Bord scéim pinsean sochair shainithe dá chuid fostaithe. Tá struchtúr na scéime bunaithe ar Mhúnla na Seirbhíse Poiblí agus í faofa ag an Aire Coimirce Sóisialaí agus ag an Aire Airgeadais. Tá sochair phinsean iníoctha faoin scéim maoinithe ag an Státchiste.

Ina theannta sin, tá roinnt tréithe sainiúla luaite le socruithe an Bhoird:

n déanann an Bord ranníocaíocht chomhaontaithe leis an Roinn Coimirce Sóisialaí;

n bíonn gné fhostaí mar aon le gné fhostóra i gceist sa ranníocaíocht seo. Bíonn ranníocaíocht an fhostóra mar 25% de phá comhlán d’fhostaithe ag íoc ÁSPC ag ráta A agus 30% den phá comhlán d’fhostaithe ag íoc ÁSPC ag ráta D agus íocann an Bord í; agus

n tá tiomantas follasach ann ón Roinn Coimirce Sóisialaí, le comhaontú na Roinne Airgeadais, go mbeidh an Státchiste freagrach as costas na sochar de réir mar a bheidh siad dlite.

Measann an Bord go bhfuil an éifeacht airgeadais chéanna, ó thaobh an Bhoird de, ag a chuid socruithe pinsean mar atá luaite thuas le scéim ranníocaíochta sainmhínithe Measann sé nach bhfuil forálacha an Chaighdeáin Tuairiscithe Airgeadais 17, Cuntasaíocht do Shochair Scoir, a eascraíonn ó scéimeanna sochair shainithe oiriúnach. Dá réir sin déanann sé cuntasaíocht dá ranníocaíocht amhail is dá mba scéim ranníocaíochta sainithe a bhí i gceist sa scéim.

5 Féach nóta 3.

Seo a leanas mar a bhí iomlán na n-asbhaintí agus ranníocaíochtaí aoisliúntais tarchurtha chuig an Roinn Coimirce Sóisialaí:

2012€

2011€

Gnáth-ranníocaíochtaí an fhostóra 719,750 598,313

Gnáth-ranníocaíochtaí an fhostaí 173,532 125,390

Asbhaint pinsean-coibhneasa6 184,779 153,306

1,078,061 877,009

6 Asbhainte ó bhaill foirne agus tarchurtha chuig an Roinn Coimirce Sóisialaí de bhua an Achta um Bearta Airgeadais

Éigeandála ar mhaithe le Leas an Phobail, 2009.



33

20. Comhaltaí boird – nochtadh idirbheart

Tá Cód Iompair Ghnó i bhfeidhm ag an mBord d’fhostaithe agus do chomhaltaí Boird de réir an Chóid Chleachtais um Rialachas na gComhlachtaí Stáit. Áiríonn an cód seo treoir maidir le nochtadh leasanna ag comhaltaí Boird agus tá an Bord tar éis cloí leis na nósanna imeachta seo i rith na bliana. Ó am go ham baineann an Bord leas as seirbhísí comhairligh seachtracha atá cáilithe go cuí chun tascanna a chur i gcrích le cabhrú leis an mBord a chuid oibre a dhéanamh. Tá a leithéid de shocruithe conartha faoi réir ghnáth-nósanna imeachta tairisceana, atá i bhfeidhm ar fud na seirbhíse poiblí. Is cinneadh gnó don Bhord é conradh a bhronnadh d’aon tionscadal ag tabhairt aird ar riachtanais na hoibre atá le déanamh. I bhfianaise nádúr a chuid oibre is féidir leis an mBord dul i mbun socruithe conartha le gealltanais ina bhfuil comhaltaí Boird fostaithe nó ina bhfuil suim eile acu.

I rith 2012 bhí €84,993 (CBL san áireamh) iníoctha le tríú páirtithe ina raibh spéis ag comhaltaí Boird iontu. Bhain €76,875 le dhá chonradh le Attain Consulting, gnóthas ina bhfuil Phelim O’Reilly, comhalta Boird, ina fhostaí. Ghnóthaigh Willis Ireland seilbh ar Attain le héifeacht ó 29 Bealtaine 2012. Tabhaíodh €73,185 den €76,875 i gcaitheamh na tréimhse tar éis éadála nuair a bhí Kevin Finucane agus Phelim O’Reilly, comhaltaí Boird, ina bhfostaithe de chuid Willis Ireland. Bhain €6,150 le conradh amháin le Deloitte & Touche, gnóthas ina bhfuil Niall Walsh, comhalta Boird, mar pháirtí dá chuid. Íocadh suim de chuid €1,968 i ndáil le conradh amháin le Willis Ireland, gnóthas ina bhfuil Kevin Finucane agus Phelim O’Reilly, comhaltaí Boird, ina bhfostaithe ann.

21. Cánachas

Tá an Bord díolúnach ó Cháin Chorparáideach faoi Alt 220 den Acht Comhdhlúite Cánacha 1997.

22. Figiúirí comparáideacha

Tá roinnt athruithe déanta ar leagan amach na míreanna sna ráitis airgeadais agus tá na figiúirí comparáideacha sonraithe an athuair nuair is gá, ar bhonn atá comhsheasmhach le leagan amach na bliana reatha.

23. Athstruchtúrú an Bhoird (tar éis deireadh bliana na ráiteas airgeadais)

D’fhógair an tAire Coimirce Sóisialaí ar an 23 Aibreán 2013 go dtiocfaidh athrú ar ainm agus socruithe rialachais an Bhoird.

Ní bheidh aon tionchar ag na hathruithe seo ar oibríochtaí laethúla an Bhoird, dá réir sin táthar tar éis na ráitis airgeadais a ullmhú ar bhonn gnóthais leantaigh.

24. Faomhadh na ráiteas airgeadais

D’fhaomh an Bord na ráitis airgeadais ar 13 Bealtaine 2013.

34


Ballraíocht de choistí agus meithleacha oibre reatha an Bhoird

Meitheal oibre sochair shainithen Brendan Johnston

n Roz Briggs

n Don O’Higgins

n Rachael Ryan

Meitheal oibre na ranníocaíochta sainithen Phelim O’Reilly

n Kevin Finucane

n Mary Walsh

n Patricia Murphy

n Terence Noone

Coiste airgeadais agus iniúchtan Niall Walsh

n Kevin Finucane

n Don O’Higgins

n Vera McGrath (An Roinn Coimirce Sóisialaí)

Meitheal oibre an Fheachtais Náisiúnta Feasachta Pinsean (FNFP)n Robin Webster

n David Owens

n Roz Briggs

n Vera McGrath (An Roinn Coimirce Sóisialaí)

Meitheal oibre fostaíochta agus pinseann Noreen Deegan

n David Owens

n Rachael Ryan

n Patricia Murphy

n Emer O’Flanagan

n Niall Walsh

Grúpa comhairleach rialálan Rachael Ryan

n Emer O’Flanagan

n David Owens

n Terry Noone

n Mary Walsh

Grúpa athbhreithnithe rialálan Emer O’Flanagan

n Terence Noone

n David Owens

n Mary Walsh

Coiste luacha saothairn Jane Williams

n Mary Walsh

n Patricia Murphy

n Terence Noone

Meitheal oibre taighde agus cumarsáiden Jane Williams

n Noreen Deegan

n Robin Webster

n Patricia Murphy

n Terence Noone

Aguisín I


35

Tábla 1: Táscairí monatóireachta bliantúla

Rialáil

Feidhm agus táscairí Sprioc/ionchas 2012

Toradh 2012

Sprioc/ionchas 2013

Míniú

Líon na gcruinnithe ar leibhéal 1* agus leibhéal 2^ le scéimeanna SS agus scéimeanna na hearnála poiblí

30 24 15** * Is éard ata i gceist le cruinnithe ar leibhéal 1 ná cruinnithe le hiontaobhaithe, soláthraithe pinsean agus riarthóirí seirbhíse poiblí chun labhairt faoi shaincheisteanna géilliúlachta ginearálta nach gá mbeidís sainiúil do na daoine aonair.

^ Díríonn cruinnithe ar leibhéal 2 ar shaincheisteanna géilliúlachta sainiúla atá mar ábhar imní don Bhord.

** Tá sprioc na bliana 2013 níos ísle ná 2012 mar thoradh ar an obair ag eascairt as ath-thabhairt isteach an chaighdeáin mhaoinithe.

Líon na gcruinnithe ar leibhéal 1 agus leibhéal 2 le riarthóirí/soláthraithe cláraithe (lena n-áirítear soláthraithe CCSP) agus scéimeanna RS

6 28* 6^ * Bhí an figiúr don bhliain 2012 níos airde ná mar a ceapadh mar, tar éis roinnt gníomhaíochtaí cigireachta ar an láthair le riarthóirí cláraithe, bhí níos mó cruinnithe leantacha ná mar a síleadh go mbeadh chun monatóireacht a dhéanamh ar ghníomhartha réitigh. Toisc gur leathnaíodh spriocdháta an chaighdeáin mhaoinithe ó Nollaig 2012 go Meitheamh 2013, atreoraíodh acmhainní go gníomhaíocht leibhéal 2 réamhghníomhach, cosúil le bualadh le soláthraithe chun nósanna imeachta sceithireachta a phlé, mar shampla.

^ Beidh gníomhaíocht sa réimse seo frithghníomhach m.sh. iarmharach ar thorthaí ó chigireachtaí RC ar an láthair agus na torthaí ó iniúchtaí sainiúla na scéime agus dá réir sin is ionchas atá ann seachas sprioc.

Líon na gcigireachtaí ar an láthair de chuid riarachán cláraithe agus soláthraithe CCSP

40 28* 24^ * As an 40 cruinniú sceidealta in 2012, níos tionóladh 12 cruinniú toisc go raibh breis oibre riachtanach chun déileáil le saincheisteanna reachtúla a d’eascair i rith na bliana, maidir le CCSPanna agus riarthóirí cláraithe.

^ Tá an sprioc seo níos ísle ná 2012 de bharr athstruchtúrú foirne laistigh den Bhord.

Líon na n-imscrúduithe ar an láthair um Scéim Pinsean na nOibrithe Tógála

4 3 4* * Ní bhreithnítear ar a leithéid de ghníomh ach amháin sa chás nach soláthraítear fianaise párolla trí phróisis litreach um alt 18, agus ansin ag brath ar thromchúise an cháis. Réamh-mheastachán atá san fhigiúr 4 bunaithe ar thaithí na mblianta roimhe seo agus ní sprioc é.

Líon na n-ionchúiseamh tionscanta

Gan sprioc 25* Gan sprioc^ * Is é an figiúr seo líon na gcásanna a tionscnaíodh in 2012.

Aguisín II

36



Toradh 2012

Sprioc/ionchas 2013

Míniú

^ Ní thionscnaítear ionchúisimh ach de réir mar is gá. Níl aon sprioc ar leith leagtha toisc nach ndéanfaidh an Bord ionchúiseamh ach amháin nuair is gá.

Líon na n-imscrúduithe um fhíneálacha ar an láthair tionscanta

200 31* 200 * san áireamh sa sprioc de chuid 200 bhí tabhairt isteach imscrúduithe ar chineál iniúchta nár cuireadh i gcrích de bharr tiomantais oibre eile lena n-áirítear an t-imscrúdú leanúnach ar chásanna SPOT agus an cás i leith Custom House Capital. Táthar tar éis imscrúduithe ar chineál iniúchta a thosú in 2013.

Sciar na scéimeanna nár ceapadh aon riarthóir cláraithe ina leith

10% 6%* 5% * Ní bhaineann an figiúr seo ach le scéimeanna gníomhacha. Tá toradh 2012 i ndáil le scéimeanna uile, lena n-áirítear scéimeanna calctha, formhór díobh ar scéimeanna ranníocaíochta sainithe um chomhalta aonair iad, cothrom le 26%. Mar sin féin, ní gá do roinnt scéimeanna calctha riarthóir cláraithe a cheapadh. Tosaíocht don Bhord in 213 ná go mbeadh riarthóir cláraithe i bhfeidhm ag na scéimeanna uile a n-éilítear orthu a leithéid a cheapadh.

Líon na gcásanna inar tuairiscíodh ranníocaíochtaí neamh-tharchurtha chuig Scéim Pinsean na nOibrithe Tógála

Gan sprioc 25 Gan sprioc* * Níl aon sprioc leagtha toisc nach n-eascraíonn gníomh dá leithéid ach mar is gá.

Líon na scéimeanna inar próiseáladh iarratais s49(3) agus/nó s50

400 66* 450 * Bhí toradh na bliana 2012 níos ísle ná mar a ceapadh de bharr leathnú an spriocdháta i ndáil le cur faoi bhráid na dtograí maoinithe ó 31 Nollaig 2012 go deireadh an Mheithimh 2013.

Faisnéis agus treoir


Toradh 2012

Sprioc/ionchas 2013

Míniú

Líon na bhfiosrúchán ar láimhseáladh

Gan sprioc 6,295* Gan sprioc * Bhain formhór na bhfiosrúchán le hábhair i ndáil le nochtadh faisnéise, dualgas na n-iontaobhaithe, an caighdeán maoinithe agus CCSPanna.

Eile


Toradh 2012

Sprioc/ionchas 2013

Míniú

Ráta tinrimh um ballraíocht an Bhoird

100% 87% 100%

Appendix II continued


37

Tábla 2: Príomhtháscairí feidhmíochta

Éifeachtúlacht chorparáideach/eagraíochtúil

Caiteachas bliantúil an Bhoird i ndáil le réamh-mheastachán buiséid

2011 2012 2013

Buiséad (€ milliún) €6.4 €6.5 €5.9

Caiteachas iarbhír (€ milliún) €5.7 €6.4 n/a

Éagsúlacht % -10% -1% n/a

Déanfar monatóireacht ar fheidhmíocht an Bhoird faoi rialáil, faisnéis agus treoir agus faoi chomhairle beartais mar atá sonraithe anseo thíos trí thagairt a dhéanamh do na táscairí seo a leanas.

Rialáil

Bonnlíne Sprioc 2015

Sciar na scéimeanna SS leanúnacha a shásaíonn an caighdeán maoinithe nó a leanann plean maoinithe faofa8

42% (Nollaig 2010)

100%

Faisnéis agus treoir


% na ngeallsealbhóirí sásta/an-sásta le caighdeán ábhair faisnéise agus treorach an Bhoird

82% (Samhain 2011)

90%

% na bhfreagróirí sásta/an-sásta le freagra an Bhoird i ndáil le fiosrúcháin

65% (Samhain 2011)

80%

Comhairle beartais agus tacaíocht theicniúil


Déanfar éifeachtúlacht na bhfeidhmeanna comhairle beartais a mheasúnú trí aiseolas cáilíochtúil ón Roinn Coimirce Sóisialaí agus ó ranna ábhartha eile.

Bhuail ionadaithe an Bhoird leis na Ranna Coimirce Sóisialaí, Airgeadais agus Caiteachais Phoiblí agus Athchóirithe i mí Eanáir 2012 chun measúnú a dhéanamh ar a leibhéil sástachta le comhairle beartais an Bhoird. Léirigh an trí roinn a gcuid sástachta le feidhm chomhairle beartais an Bhoird.

Go leanfaidh an Bord ar aghaidh mar fhoinse comhairle inniúil, inchreidte agus ábhartha don Aire agus don Roinn Coimirce Sóisialaí agus ranna ábhartha eile.

Aguisín III

8 Níor éiligh an Bord ar scéimeanna pleananna téarnaimh a sholáthar le blianta beaga anuas. Le linn 2012 leag an Bord spriocdháta an 30 Meitheamh 2013 do scéimeanna sochair shainithe uile le heasnamh iontu togra maoinithe a chur faoi bhráid an Bhoird.

38


Ionchúisimh an Bhoird Pinsean 2012

Ainm an cháis Alt ábhartha de chuid Acht na bPinsean

Pionóis

EJF Plant Hire Limited S58A & S18 Fíneáil €2,000

Eamon Flanagan, Stiúrthóir de chuid EJF Plant Hire Limited S58A & S18 Fíneáil €2,500

Lucy Flanagan, Stiurthóir de chuid EJF Plant Hire Limited S18 Fíneáil €500

T. Duffy Plant Hire Limited S58A & S18 Fíneáil €1,500

Forbairt MBB Teoranta S58A Fíneáil €3,000

Annadale Construction Limited S18 Fíneáil €200

Munster Sealant Services Limited S58A Fíneáil €750 agus costais de chuid €836.50

Alan Hennessy, Stiúrthóir de chuid Munster Sealant Services Limited

S58A Fíneáil €750

Breifne Hanratty, Stiúrthóir de chuid Munster Sealant Services Limited

S58A Fíneáil €750

Sharon Finnegan, Stiúrthóir de chuid Sharon Finnegan Design & Construction Limited

S58A 240 uair de sheirbhís phobail

Michael Walsh, Stiúrthóir de chuid Micom Construction Limited S58A & S18 Fíneáil €5,000

Paul Fitzgerald, Stiúrthóir de chuid Michael Fitzgerald & Sons S18 Fíneáil €2,500

Peter Fitzgerald, Stiúrthóir de chuid Michael Fitzgerald & Sons S18 Fíneáil €2,500

Leinster Formworks Limited S58A Ciontaithe, pianbhreith ar fheitheamh

Patrick Browne, Stiúrthóir de chuid Leinster Formworks Limited S58A Ciontaithe, Barántas Binse eisithe ar ghearradh pianbhreithe

Tony Henderson, Stiúrthóir de chuid Leinster Formworks Limited S58A Ciontaithe, Barántas Binse eisithe ar ghearradh pianbhreithe

Equality Management Limited S18 Fíneáil €1,500 agus costais de chuid €150

Cornerstone Homes Company Limited S18 Fíneáil €10 agus costais de chuid €500

Owen Walsh, Stiúrthóir de chuid Cornerstone Homes Company Limited

S18 Fíneáil €1,000 agus costais de chuid €500

Thomas McHugh Limited S58A Fíneáil €1,000

Broadpark Enterprises Limited S58A Fíneáil €2,400

Francis Goff, Stiúrthóir de chuid Goff Developments Limited S58A Ciontú agus fíneáil de chuid €4,000 dearbhaithe ar Achomharc

Jonathan Healy, Stiúrthóir de chuid J&M Healy S18 & S58A Fíneáil €100

Aguisín IV


39

Ballraíocht na scéimeanna pinsean gairme agus na gCuntas Coigiltis Scoir Pearsanta

Tábla 3: Líon na scéimeanna agus ballraíocht amhail ag 31 Nollaig 2012

Ranníocaíocht Sainithe

Sochar Sainithe Scéimeanna Uile

Faoi Réir an Chaighdeáin Mhaoinithe

Níl Faoi Réir an Chaighdeáin Mhaoinithe

Méid na Scéime Líon na Scéimeanna

Comhaltaí Gníomhacha

Líon na Scéimeanna






Calctha n/b n/b 121 1,218 0 0 121 1,218

I bhFoirceann n/b n/b 57 5,166 0 0 57 5,166

Neamh-Ghrúpa 47,525 47,525 4 4 0 0 47,529 47,529

1 go 50 12,051 63,368 473 6,864 40 751 12,564 70,983

51 go 99 320 21,943 74 5,530 11 814 405 28,287

100 go 500 251 48,803 137 32,712 29 6,842 417 88,357

501 go 1000 26 17,672 39 26,294 3 2,772 68 46,738

1001+ 19 33,628 28 111,856 24 326,858 71 472,342

Iomlán 2012 60,192 232,939 933 189,644 107 338,037 61,232 760,620

Iomlán 20119 65,770 239,150 993 197,177 105 335,551 66,868 771,878

Athrú ó 2011 -5,578 -6,211 -60 -7,533 2 2,486 -5,636 -11,258

Tábla 4: CCSPanna amhail ag 31 Nollaig 2012

Deireadh 2011 Deireadh 2012 Athraigh

Líon iomlán na gconarthaí: 198,038 206,936 8,898

n Conarthaí Caighdeánacha CCSP 151,122 156,483 5,361

n Conarthaí Neamh-Chaighdeánacha CCSP 46,916 50,453 3,537

Sócmhainní iomlána: €3.03 billiún €3.46 billiún €0.43 billiún

Aguisín V

9 Mar thoradh ar thástáil agus ar ghlanadh suas sonraí na scéime bhí na figiúirí a n-úsáideadh i dtuarascáil na bliana seo caite i ndáil le 2011 mar a bhí i mí Aibreáin 2012.

40


Leabhráin faisnéise, seicliostaí agus CCanna nuashonraithe in 2012Táirgeadh nó nuashonraíodh na hábhair treorach, CCanna, leabhráin agus seicliostaí seo a leanas in 2012 agus táthar tar éis iad a chur in airde ar shuíomh gréasáin an Bhoird:

n How does my pension scheme work? – ag tabhairt léargas ar scéimeanna pinsean gairme, conas mar a oibríonn siad agus an fhaisnéis nach mór a thabhairt do chomhaltaí na scéime.

n Investment Guidelines – tá sé mar aidhm leis na treoirlínte seo cúnamh a thabhairt d’iontaobhaithe na scéimeanna pinsean ranníocaíochta sainithe (RS) agus a gcuid comhairleoirí i ndáil le cinneadh a dhéanamh ar na roghanna infheistíochta le cur ar fáil do chomhaltaí na scéime.

n Women and Pensions checklist – ag tabhairt cur síos ar na bealaí inar féidir le mná sláine airgeadais a fheabhsú dóibh féin agus dá gcleithiúnaithe agus iad ar scor. Tugtar aghaidh ann ar shaincheisteanna sainspéise do mhná ar nós saoire mháithreachais, obair pháirtaimseartha agus sosanna fostaíochta.

n Rinneadh What are my pension options? agus PRSAs – A consumer and employers’ guide a nuashonrú.

n Rinneadh A brief guide to the pension provisions of the Family Law Acts a nuashonrú agus táirgeadh foilseachán nua Pensions on separation and divorce checklist.

n Funding standard overview guide.

n FAQs on recent changes to the funding standard.

n Treoir reachtúil – tá cumhacht dlí ag treoir reachtúil agus ní féidir í a leasú gan cead roimh ré ón Aire Coimirce Sóisialaí. Ba cheart í a léamh i gcomhar le forálacha Acht na bPinsean agus na rialacháin ghaolmhara.

l Forordaíonn Alt 42 treoir an bealach inar féidir leis an achtúire luach a leagadh ar phinsin i mbun íocaíochta nuair atá teastas maoinithe achtúireach agus/nó teastas cúlchiste an chaighdeáin mhaoinithe á chur i gcrích, sa chás go bhfuil bannaí flaithiúnais agus/nó blianachtaí flaithiúnais ag scéim.

l Forordaíonn Alt 47 treoir i ndáil le gnóthais fhostóra an bealach inar féidir le hiontaobhaithe gnóthas neamhdheimhnithe a áireamh mar acmhainn scéime chun críche cinneadh a dhéanamh cibé an sásaíonn an scéim cúlchiste an chaighdeáin mhaoinithe.

l Forordaíonn Alt 47 treoir i ndáil le sócmhainní teagmhasacha na ceanglais nach mór do shócmhainn theagmhasach a shásamh le bheith curtha san áireamh mar acmhainn scéime chun críche cinneadh a dhéanamh cibé an sásaíonn an scéim an caighdeán maoinithe nó cúlchiste an chaighdeáin mhaoinithe.

l Forordaíonn Alt 47 treoir na ceanglais nach mór don achtúire cloí leo nuair atá togra maoinithe á dheimhniú; na cúinsí ina bhféadann an Bord dáta níos déanaí a shonrú i ndáil le cur faoi bhráid togra maoinithe; oibleagáidí na n-iontaobhaithe i leith teip cloí le togra maoinithe; agus na cúinsí ina bhféadann an Bord a fhógairt go bhfuil togra maoinithe neamhbhailí.

l Forordaíonn Alt 47 treoir na ceanglais nach mór d’iontaobhaithe cloí leo nuair atá iarratas á dhéanamh chuig an mBord faoi alt 50 d’Acht na bPinsean.

Aguisín VI

An Bord Pinsean

Teach Verschoyle

28/30 Sráid an Mhóta Íochtarach

Baile Átha Cliath 2

Guthán: (01) 613 1900

Facs: (01) 631 8602

Glao Áitiúil: 1890 65 65 65

www.anbordpinsean.ie

ISSN 1649 8690


annual report and accounts 2012 · annual report and accounts 2012 1 chairperson’s statement 2...

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