S.I. No. 78/2003 - Pensions (Amendment) Act, 2002, (Sections 121(3), (4), (5) and (6)) (Commencement) Order, 2003

1. This Order may be cited as the Pensions (Amendment) Act, 2002 (Sections 121(3), (4), (5) and (6)) (Commencement) Order, 2003.

Commencement.

2. The 14th day of February 2003 is hereby appointed as the day on which Sections 121(3), (4), (5) and (6) shall come into operation.

GIVEN

under the Official Seal of the Minister for Social and Family Affairs, this 12th day of February 2003.

MARY COUGHLAN

Minister for Social and Family Affairs

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This order provides for the commencement of

sections 121

(3), (4), (5) and (6) of the

Pensions Act, 1990

as inserted by the

Pensions (Amendment) Act, 2002

as follows

This Order provides that those sections 121(3) to (6) come into operation on 14th February 2003. Those sections require employers to remit contributions in respect of PRSAs to the relevant custodian account of the PRSA provider within a specified time limit and to provide statements to employees at least once a month showing the amount remitted on the his or her behalf.

The Minister for Social and Family Affairs, in exercise of the powers conferred on her by

section 1

of the

Pensions (Amendment) Act, 2002

(No. 18 of 2002), hereby orders as follows

Citation.