THE PENSIONS AUTHORITY ANNUAL REPORT AND ACCOUNTS … Laid... · 2020. 8. 10. · 2 THE PENSIONS AUTHORITY ANNUAL REPORT AND ACCOUNTS 2019 2 CHAIRMAN’S STATEMENT I am pleased to

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THE PENSIONS AUTHORITY ANNUAL REPORT AND ACCOUNTS 2019

www.pensionsauthority.ie


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CONTENTS


Chairman’s Statement ........................................................................................................................................2

The Pensions Authority ......................................................................................................................................3

Summary of regulatory activity and outputs for 2019 .....................................................................................4

Meeting the Authority’s goals ............................................................................................................................5

Committee of the Authority ...............................................................................................................................9

Report of the Comptroller and Auditor General for presentation to the Houses of the Oireachtas ............10

Governance statement and Authority members’ report .................................................................................12

Statement on internal control .........................................................................................................................17

Statement of income and expenditure and retained revenue reserves ..........................................................19

Statement of comprehensive income ..............................................................................................................20

Statement of financial position .......................................................................................................................21

Statement of cash flows ...................................................................................................................................22

Notes to the financial statements ....................................................................................................................23

Appendix I Membership of Occupational Pension Schemes (OPS) and Personal Retirement Savings Accounts (PRSAs) ...............................................................................................................37

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CHAIRMAN’S STATEMENT

I am pleased to present the Annual Report and Accounts of the Pensions Authority for the year ended 31 December, 2019 in accordance with section 23(2) of the Pensions Act, 1990.

The work of the Authority

This annual report sets out the work of the staff of the Authority during 2019. Members of pension schemes, whether retired or not, and PRSA contributors have entrusted over €100 billion to others, and our important work is intended to make sure that these funds are properly looked after. The implementation of the IORP II Directive will address a number of inadequacies in the power of the Authority to ensure proper management of retirement savings. The complex work of transposing the Directive into Irish law is taking longer than anyone involved would wish, and we look forward to the completion of this important task.

Funding the work of the Pensions Authority

The Authority has always been conscious of the need to be effi cient in its operations, and as a result, fee levels are at or below the level they were in 2003. The annual costs of running the Authority represent less than 1/1,000 of 1% of the assets of Irish pensions.

However, it has to be recognised that the more detailed supervision mandated by the IORP II Directive and other obligations for data collection will increase the work needed and therefore increase our costs. In late 2019, the Authority received approval for additional staffi ng and we have made very good progress in fi lling these posts. However, as a result, the cost of our supervision of occupational pension schemes will increase and an increase in Authority fees for schemes in 2021 will be unavoidable.

Governance of the organisation

The Authority is subject to and complies with the Code of Governance for State Bodies. We also have an oversight agreement in place with the Department of Employment Affairs and Social Protection.

Section 4 of the Code provides that ‘an external evaluation proportionate to the size and requirements of the State body should be carried out every 3 years’. Dr Moling Ryan was engaged by the Authority to conduct the external evaluation exercise which was undertaken during October and November 2019.

On 17 February 2020 Gary Tobin stepped down as a member of the Authority. I would like to thank Gary for his contribution to the Authority’s work: his advice and insight were always valued. In his place, the Minister appointed Michael McGrath of the Department of Finance, and we look forward to working with him.

I would like to thank the Minister and the offi cials in the Department of Employment Affairs and Social Protection. We value our close working relationship, which is especially important in times of change.

Finally, on behalf of myself and the other members of the Authority, I would like to thank the Pensions Regulator and the Authority’s staff for their hard work and professionalism during 2019.

Dr David BeggChairman

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The Authority is a statutory body comprising an independent chairperson appointed by the Minister for Employment Affairs and Social Protection and two ordinary members. The term of offi ce for the Authority members is fi ve years.

The members of the Authority are:

Mr Gary Tobin, Assistant Secretary, Department of Finance resigned as a member of the Authority on 17 February 2020 and was replaced by Mr Michael J. McGrath, Assistant Secretary, Department of Finance. There were eight Authority meetings in 2019. The attendance rate was as follows: David Begg 8/8, Jacqui McCrum (appointed on 21 January 2019) 7/8 and Gary Tobin 5/8.

Day-to-day decision making is delegated to employees under the Authority’s active supervision. The Authority’s senior management team is as follows:

THE PENSIONS AUTHORITY

Dr David BeggChairman

Ms Jacqui McCrumDeputy Secretary Department of Employment Affairs and Social

Protection (Representative of the Minister for Employment Affairs

and Social Protection)

Mr Michael J. McGrathAssistant Secretary

Department of Finance (Representative of the Minister for Finance)

Grace GuyHead of Supervision

and Enforcement

Brendan KennedyPensions Regulator

Pat O’SullivanHead of IT and Data

Ger ClarkeDeputy Head of Supervision

and Enforcement

Ellen BaileyHead of Technical

Brendan RocheHead of Legal

Dervla O’KeeffeHead of IT and Data (currently on leave)

Sylvia McNeeceHead of Programme

Management

David MaloneHead of Operations

Andrew NugentHead of Policy

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SUMMARY OF ACTIVITY FOR 2019

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The Authority’s vision for the future is for a pensions landscape where pensions savings are secure, well managed and understandable and which encourages pensions savings. The Authority’s Statement of Strategy 2016 - 2020 sets out the organisation’s four strategic objectives to deliver its vision, as follows:

1. To monitor and supervise occupational pension schemes and PRSAs to ensure they continue to be or will be well managed by competent trustees, providers and administrators.

2. Scheme trustees, the pensions industry and employers can rely on the Authority for guidance and support on what the Authority expects.

3. To be well known as an accessible, relevant and practical source of information for the public, members, contributors and beneficiaries.

4. To be a valuable source of technical pensions advice, knowledge, information and support to the Department of Employment Affairs and Social Protection.

The Authority has adopted a number of strategies to achieve these objectives, which comprise:

• a proactive and visible approach to dealing with non-compliance

• a practical approach to information and guidance provision focusing on accessibility, best practice documents and codes of practice

• a high-quality enquiry service that addresses issues of concern and queries raised by stakeholders that are within our statutory remit

• a comprehensive blueprint for a pensions structure that delivers on our vision and that informs the policy deliberations of the Minister and Department of Employment Affairs and Social Protection.

This annual report sets out the activities undertaken by the Authority in 2019 to meet these objectives.

Hierarchy of risk priorities

In order to ensure that its regulatory practices are efficient and that resources are directed to the most important matters, the Authority adopts a supervisory approach based on a hierarchy of risk priorities:

1st priority: misappropriation of pension assets or contributions

2nd priority: lack of governance or maladministration impacting on benefits/failure to pay benefits due

3rd priority: DB scheme solvency

4th priority: failure to provide prescribed information to members

5th priority: failure by regulated entities to submit accurate and timely data to the Authority.

This order represents the seriousness of the risks, not the likelihood of their occurrence. Whilst these priorities determine general Authority supervisory activity, the organisation will also ensure that no area is overlooked. Because regulation depends on the Authority having access to reliable information, the organisation especially targets failure to provide the Authority with information required under the Pensions Act, including whistle-blowing obligations.

Compulsory and voluntary reporting/whistleblowing

There are statutory provisions, known as whistleblowing obligations, which place a legal obligation on specified persons involved in the operation of occupational pension schemes, trust RACs and PRSAs. Such persons must make a report to the Authority where fraud or material misappropriation is suspected to have occurred or it is feared it is about to occur. Any person can make a voluntary report on matters concerning the state and conduct of a scheme, Trust RAC or PRSA.

The Authority investigates whistleblowing reports and other serious complaints or allegations to find out what has happened. Where non-compliance is discovered, the Authority’s priority is to ensure compliance. Nonetheless, the Authority will use its full powers under the Pensions Act where necessary.

In 2019, the Pensions Authority updated its guidance for those who suspect non-remittance/non-payment of contributions by employers and/or trustees. This updated guidance and template to assist in making a report, is available on the Authority’s website.

Prosecutions

Non-compliance by regulated entities can result in prosecution. In 2019, the Authority concluded nine prosecutions cases and secured convictions in three cases as follows:

• two cases related to the deduction and non-remittance of employee pension contributions to schemes within the statutory timeframe (section 58A(1) of the Pensions Act)

• one case related to failure to respond to a statutory request for information from the Authority (section 18 of the Pensions Act).

Where a conviction is recorded the person or company has been found guilty of a criminal offence. The remaining cases were mostly struck out due to payment of arrears or the underlying matter being rectified in advance of the court date.

Protected disclosures

There were no disclosures to the Authority in 2019 that were deemed to be protected disclosures as set out in the Protected Disclosures Act.

Investigations

In 2019 the Authority opened 55 new investigations of various alleged breaches of the Pensions Act. The alleged breaches varied

MEETING THE AUTHORITY’S GOALS

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from deduction and non-remittance of pension contributions to failure to reply to a statutory request for information. In 2019, 63 cases were closed and 17 reports of non-compliance by various entities were progressed by the Authority for prosecution or sanction.

The number of incidents that require investigation regarding deduction and non-remittance of contributions has been low in recent years.

Compliance audits

During the year the Authority conducted 159 desk-based audits on a sample of regulated entities. These audits focused on self-investment by employers (due to delay in remitting contributions), disclosure obligations and the rights of employees to have access to a PRSA in the absence of an established pension scheme.

Where non-compliance with the Pensions Act is identified, the main objective is to ensure the regulated entity becomes compliant. The Authority may also consider enforcement action.

On-site inspections of RAs and PRSA providers

The Authority assesses levels of administration compliance with the Pensions Act by carrying out on-site inspections of RAs, professional trustees and PRSA providers. In 2019, the Authority carried out on-site inspections of four RAs, three PRSA providers and one service provider acting as both a professional trustee and RA.

Where any issues of concern are identified, a plan is agreed to resolve the matter to the Authority’s satisfaction. The Authority may also consider enforcement action.

RA annual renewal process

The Authority received 117 RA renewal applications in 2019. 115 registrations were renewed. One application was incomplete and the RA subsequently applied for approval to terminate its registration. In the other case, the renewal has been deferred pending the outcome of an inspection process.

During 2019, eight RAs applied for, and were granted, approval to terminate their RA registration.

Defined benefit scheme funding

At the end of 2019, there were 597 DB schemes which were subject to the funding standard. Of these, 503 schemes satisfied the funding standard. All bar seven of the remaining 94 schemes have funding proposals in place, or are in the process of submitting funding proposals, designed to enable the scheme to satisfy the funding standard within a specified term. The Authority is in dialogue with the trustees of the remaining seven schemes.

The Authority approved four funding proposals in 2019 and

approved one application from a DB scheme to reduce accrued benefits.

Cross-border authorisation

During 2019, the Authority continued to liaise with the Department of Employment Affairs and Social Protection (DEASP), the UK Pensions Regulator and the UK Department of Work and Pensions to assess the implications of Brexit for UK and Irish cross-border schemes.

PRSA submissions

In 2019, the Authority in consultation with Revenue approved one PRSA product for a new PRSA provider. Two existing UK-domiciled PRSA providers transferred their business to Irish companies. These PRSA providers were re-approved as new entities with 28 PRSA products withdrawn and re-approved during 2019. There were also 40 amendments to existing products processed during the year. These amendments related to changes in charging structure or the addition or removal of funds of a PRSA product.

PRSA actuary certifications and PRSA annual reports

There were no significant instances of non-compliance identified by PRSA actuaries in 2019. All minor instances of non-compliance reported by the PRSA actuaries were examined by the Authority and addressed with the relevant PRSA provider, where necessary.

Technical support

In 2019, the Authority continued to provide technical support to the Minister for Employment Affairs and Social Protection and her Department and to other government departments and agencies on pension matters.

The Authority continued in 2019 to work on developing detailed implementation proposals for the transposition of the IORP II Directive and relevant elements of the Roadmap for Pensions Reform. These matters included:

• development of a system of forward-looking risk-based supervision

• a fitness and probity regime for trustees and key function holders

• new governance standards specifying appropriate governance and management structures

• options for rationalising the number of individual pension vehicles which currently exist

• development of a regulatory framework for master trusts

• an authorisation process for new and existing schemes.

The Authority contributes to the pensions’ related work of international organisations by attending working group meetings or providing quantitative and qualitative data.

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These organisations include:

• European Insurance and Occupational Pensions Authority (EIOPA)

• International Organisation of Pension Supervisors (IOPS)

• Organisation for Economic Co-operation and Development (OECD) - Working Party on Private Pensions

• European Commission

• European Central Bank (ECB)

• European Securities and Markets Authority – Securitisation Task Force

The Authority responded to 140 international queries in 2019, completed 17 international surveys/questionnaires and completed both the EIOPA Spring and Autumn Financial Stability Report data reporting requirements.

Pension data reporting

Reporting requirements for pension schemes have been introduced by the EIOPA and the ECB. The Authority will be reporting on the EIOPA data and the Central Bank of Ireland will be reporting on the data required by the ECB.

Determinations

Under the Pensions Act, the Authority has the power in certain circumstances to make legally binding determinations on request by certain parties. These determinations facilitate scheme trustees in transferring the benefits of deferred members to other arrangements or allow the Authority to appoint a trustee in substitution of the existing trustee in certain circumstances. In 2019, the Authority issued one statutory determination under section 64.

Policy development and research

As a member of the Interdepartmental Pensions Reform and Taxation Group, the Authority contributed to considerations and proposals for the simplification of pensions. The Authority also inputted to the Government’s June 2019 Climate Action Plan, in regards to increasing disclosure by pension providers on the proportion of fossil fuel assets in pension funds.

The Authority engaged with actuaries, industry, academics and other regulators on understanding the implications of sustainable finance and Environmental, Social, and Governance (ESG) factors for the pensions sector.

The Authority concluded a research programme with the ESRI covering two work streams: the first, examined possible application of insights from behavioural economics to disclosure documents; the second, gathered information related to pensions’ income and expenditure from TILDA data.

Support, information and guidance

The Authority supports trustees, administrators, employers and their advisors with information and guidance to help them understand and meet their obligations under the Pensions Act. Throughout the year, the Authority issued information and communications relevant to its regulated entities on its website.

Approximately 9,800 general pension and data processing queries were received and dealt with during the year. The majority of the general queries were from scheme members and related to the Disclosure of Information Regulations. Data queries were related to data submissions from regulated entities. The Authority responded to all enquiries in line with the Authority’s Customer Charter and no complaints were received in relation to enquiries.

The Authority provides a comprehensive range of free information and guidance material on its website. Throughout the year, the Authority attended and presented at public events and dealt with direct media enquiries on pension issues.

Oireachtas members’ enquiries

The Authority provides a dedicated enquiries email address [email protected] for members of the Oireachtas seeking information on pension matters or about the work of the Authority. The Authority dealt with two enquiries from Oireachtas members in 2019.

The Authority also provided information to the DEASP in response to 12 Parliamentary Questions during 2019.

Freedom of information (FOI)

The Authority completed five FOI requests in 2019 within the statutory deadlines.

Data protection

The Authority is compliant with the General Data Protection Requirements (GDPR) obligations. The Head of Operations is the Data Protection Officer for the Authority. Throughout 2019 the Authority undertook a programme of employee education and building awareness of data protection and records management throughout the organisation.

The Authority had no data breach reports to make to the Data Protection Commission in 2019.

The Authority received no Subject Access Requests in 2019.

Programme management office

A Programme Management Office (PMO) was set up in 2019 to define and oversee an appropriate framework for the management of all of the Authority’s project work. Many of these projects are complex multi-year projects involving significant financial investment by the Authority to comply with its supervisory obligations in a post IORP II environment.

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The PMO is also responsible for developing change management capability within the organisation to ensure that the organisation implements its strategic projects effectively.

Human resources

The Authority is committed to providing a safe place to work and operates in accordance with the Safety, Health and Welfare at Work Act. The Authority’s employee training and development plan supports the vision and objectives as set out in the Pensions Authority Strategy 2016 – 2020. The Authority’s focus is to have the right people in the right place with the right supports.

During 2019, the Authority carried out 14 separate recruitment campaigns. There were over 195 separate training and development activities carried out during the year. Much of the training and development activity was focused on the new prospective risk-based supervisory regime that will follow the transposition of the IORP II Directive.

Public sector equality and human rights duty

The Authority is committed to ensuring that we meet our obligations to promote equality, prevent discrimination and protect the human rights of employees, customers and service users as required by the Public Sector Equality and Human Rights Duty (under section 42 of the Irish Human Rights and Equality Act 2014).

The Authority is an equal opportunities employer. The Authority’s Employee Handbook contains detailed policies and procedures on employee relations including policies relating to dignity and respect in the workplace, bullying and harassment.

Prompt payments

The Authority operates a 15-day prompt payment policy in line with Government Decision S29296 of March 2011. The Authority posts its quarterly prompt payment reports on its website.

Energy usage and green initiatives

The total energy consumption by the Authority for 2019 was 219,761 kwh of electricity. In 2019, the Authority stopped using single use plastic such as cups and cutlery, updated internal signage to improve recycling rates and adhered to the guidelines for green public procurement. The Authority continues to work on introducing energy efficiencies where possible across the organisation.

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Audit and Risk Committee

The Audit and Risk Committee (ARC) is part of the control environment within the Authority. The ARC provides independent advice to the Authority on fi nancial and risk matters including the suitability and robustness of the organisation’s internal control, risk management, governance procedures and the reliability of fi nancial reporting.

The ARC is independent of the day-to-day fi nancial management of the organisation which is the responsibility of the Executive. In particular, the ARC monitors the internal control systems including audit actively and independently.

The ARC formally reports to the Authority on its activities during the year together with such advice and recommendations as it may deem appropriate.

The ARC terms of reference are set out in its Charter, which was updated and approved by the Authority in December 2019.

Membership of the ARC

The ARC has four members, comprising an independent chairperson, an independent member, a representative of the Department of Employment Affairs and Social Protection and a representative of the Department of Finance. A schedule of membership and attendance at the fi ve ARC meetings in 2019 is set out below.

ARC meetings 2019

Name Position Attendance

Bill Cunningham Chairperson 5/5

Kevin Barron

Representative of the Department of Employment Affairs

and Social Protection

4/5

Michael Roche Non-executive member 4/5

*Sean KinsellaRepresentative of the

Department of Finance1/2

*Brendan O’LearyRepresentative of the

Department of Finance1/2

*Sean Kinsella was on leave from the Department of Finance with effect from July 2019. Brendan O’Leary was appointed as the Department of Finance representative with effect from 4 November 2019.

Work of the ARC in 2019

The ARC, in fulfi lling the requirements of its advisory function, assessed the performance of the key elements of the systems of internal control in operation in the Authority in 2019.

The ARC reviewed the risk management policies and practices of the Authority and conducted a quarterly review of the Authority’s risk register and provided feedback to the Authority on their quarterly review of the risk register. The ARC was satisfi ed that the process of identifying, assessing and addressing key risks was suffi ciently robust to ensure that an effective system of risk management was in place in the Authority in 2019.

In 2019, the internal audit programme consisted of:

• a review of risk management in the Authority

• a high-level review of the effectiveness of internal controls.

The ARC reviewed the outcome of the audit fi ndings and monitored the implementation of the audit recommendations by the Executive throughout 2019.

The external audit was conducted by the Comptroller and Auditor General (C&AG) in March 2019. The C&AG issued an unqualifi ed report on the Authority’s 2018 accounts. The ARC considered the fi ndings of the C&AG annual audit and discussed them with the C&AG. The ARC monitored the implementation of the audit recommendations by the Executive throughout 2019.

Corporate governance

The ARC reported to the Authority after each of its meetings in 2019. The ARC was compliant with its obligations under the Code of Practice for the Governance of State Bodies in 2019. As required by the Code, the ARC conducted a self-assessment of its own performance in 2019. The outcome of the self-assessment was positive. The Chairman of the Authority noted his satisfaction in the performance of the ARC and the ARC Chairman in his review, conducted on 10 December 2019.

Conclusion

The ARC is satisfi ed that a robust system of internal control and fi nancial management is in place in the Authority. It is also satisfi ed that there is an appropriate system in place for effective risk management in the Authority.

The ARC’s annual report is posted on the Authority’s website.

Mr Bill CunninghamChairman

March 2020

COMMITTEE OF THE AUTHORITY

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REPORT OF THE COMPTROLLER AND AUDITOR GENERAL FOR PRESENTATION TO THE HOUSES OF THE OIREACHTAS

Opinion on the financial statements

I have audited the financial statements of the Pensions Authority for the year ended 31 December 2019 as required under the provisions of section 22 of the Pensions Act 1990. The financial statements comprise:

• the statement of income and expenditure and retained revenue reserves

• the statement of comprehensive income

• the statement of financial position

• the statement of cash flows and

• the related notes, including a summary of significant accounting policies.

In my opinion, the financial statements give a true and fair view of the assets, liabilities and financial position of the Pensions Authority at 31 December 2019 and of its income and expenditure for 2019 in accordance with Financial Reporting Standard (FRS) 102 — The Financial Reporting Standard applicable in the UK and the Republic of Ireland.

Basis of opinion

I conducted my audit of the financial statements in accordance with the International Standards on Auditing (ISAs) as promulgated by the International Organisation of Supreme Audit Institutions. My responsibilities under those standards are described in the appendix to this report. I am independent of the Pensions Authority and have fulfilled my other ethical responsibilities in accordance with the standards.

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Report on information other than the financial statements, and on other matters

The Pensions Authority has presented certain other information together with the financial statements. This comprises the annual report, the governance statement and Authority members’ report, and the statement on internal control. My responsibilities to report in relation to such information, and on certain other matters upon which I report by exception, are described in the appendix to this report.

I have nothing to report in that regard.

Ard Reachtaire Cuntas agus Ciste Comptroller and Auditor General

Report for presentation to the Houses of the Oireachtas

Pensions Authority

Opinion on the financial statements I have audited the financial statements of the Pensions Authority for the year ended 31 December 2019 as required under the provisions of section 22 of the Pensions Act 1990. The financial statements comprise

the statement of income and expenditure and retained revenue reserves

the statement of comprehensive income

the statement of financial position

the statement of cash flows and

the related notes, including a summary of significant accounting policies.


Basis of opinion I conducted my audit of the financial statements in accordance with the International Standards on Auditing (ISAs) as promulgated by the International Organisation of Supreme Audit Institutions. My responsibilities under those standards are described in the appendix to this report. I am independent of the Pensions Authority and have fulfilled my other ethical responsibilities in accordance with the standards.


Report on information other than the financial statements, and on other matters The Pensions Authority has presented certain other information together with the financial statements. This comprises the annual report, the governance statement and Authority members’ report, and the statement on internal control. My responsibilities to report in relation to such information, and on certain other matters upon which I report by exception, are described in the appendix to this report.


John Crean For and on behalf of the Comptroller and Auditor General

30 June 2020


30 June 2020

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APPENDIX TO THE REPORT

Responsibilities of Authority members

As detailed in the governance statement and Authority members’ report, the Authority members are responsible for:

• the preparation of financial statements in the form prescribed under section 22 of the Pensions Act 1990

• ensuring that the financial statements give a true and fair view in accordance with FRS102

• ensuring the regularity of transactions

• assessing whether the use of the going concern basis of accounting is appropriate, and

• such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Responsibilities of the Comptroller and Auditor General

I am required under section 22 of the Pensions Act 1990 to audit the financial statements of the Pensions Authority and to report thereon to the Houses of the Oireachtas.

My objective in carrying out the audit is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement due to fraud or error. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with the ISAs, I exercise professional judgment and maintain professional scepticism throughout the audit. In doing so,

• I identify and assess the risks of material misstatement of the financial statements whether due to fraud or error; design and perform audit procedures responsive to those risks; and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• I obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal controls.

• I evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures.

• I conclude on the appropriateness of the use of the going concern basis of accounting and, based on the audit

evidence obtained, on whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Pensions Authority’s ability to continue as a going concern. If I conclude that a material uncertainty exists, I am required to draw attention in my report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify my opinion. My conclusions are based on the audit evidence obtained up to the date of my report. However, future events or conditions may cause the Pensions Authority to cease to continue as a going concern.

• I evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

I communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit.

Information other than the financial statements

My opinion on the financial statements does not cover the other information presented with those statements, and I do not express any form of assurance conclusion thereon.

In connection with my audit of the financial statements, I am required under the ISAs to read the other information presented and, in doing so, consider whether the other information is materially inconsistent with the financial statements or with knowledge obtained during the audit, or if it otherwise appears to be materially misstated. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact.

Reporting on other matters

My audit is conducted by reference to the special considerations which attach to State bodies in relation to their management and operation. I report if I identify material matters relating to the manner in which public business has been conducted.

I seek to obtain evidence about the regularity of financial transactions in the course of audit. I report if I identify any material instance where public money has not been applied for the purposes intended or where transactions did not conform to the authorities governing them.

I also report by exception if, in my opinion,

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

• the accounting records were not sufficient to permit the financial statements to be readily and properly audited, or

• the financial statements are not in agreement with the accounting records.

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GOVERNANCE STATEMENT AND AUTHORITY MEMBERS’ REPORT

Governance

The Pensions Authority is a statutory body set up under the Pensions Act, 1990. The functions of the Authority are set out in section 10 of this Act. The Authority is accountable to the Minister for Employment Affairs and Social Protection. The Authority is responsible for ensuring good governance within the organisation and performs this task by agreeing strategic objectives and targets with the Executive and taking strategic decisions on all key business issues. The Pensions Regulator and the senior management team must follow the broad strategic direction agreed with the Authority, and must ensure that all Authority members have a clear understanding of the key activities and decisions related to the entity, and of any significant risks likely to arise.

Authority responsibilities

The Authority is collectively responsible for leading and directing the Authority’s activities. It delegates operational responsibility for the day-to-day running of the Authority to the Pensions Regulator and to the Executive. Such delegation does not absolve the Authority from the duty to supervise the discharge of the delegated functions. The Authority is responsible for fulfilling key functions, comprising: reviewing and guiding strategic direction and major plans of action, risk management policies and procedures, annual budgets and business plans, setting performance objectives, monitoring implementation and the Authority’s performance, and overseeing major capital expenditure and investment decisions.

Standing items considered by the Authority at their meetings include:

• conflicts of interest

• risk

• report from the Audit and Risk Committee (including financial reporting)

• Pensions Regulator report

• enforcement and regulatory decisions.

Section 22 of the Pensions Act 1990 requires the Authority to keep, in such form as may be approved by the Minister for Employment Affairs and Social Protection with consent of the Minister for Finance, all proper and usual accounts of money received and expended by it.

In preparing these financial statements, under the Code of Conduct for the Governance of State Bodies (2016) the Authority is required to:

• select suitable accounting policies and apply them consistently

• make judgements and estimates that are reasonable and prudent

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

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

The Authority must keep adequate accounting records which disclose, with reasonable accuracy at any time, its financial position and enables it to ensure that the financial statements comply with section 22 of the Pensions Act 1990 as amended. The maintenance and integrity of the corporate and financial information on the Authority’s website is the responsibility of the Authority members.

The Authority is responsible for approving the annual plan and budget. An evaluation of the performance of the Authority by reference to the annual plan was carried out at the Authority meeting on 21 January 2020. The review of the annual budget was carried out on 21 January 2020.

The Authority is responsible for making a recommendation to the Minister for Employment Affairs and Social Protection regarding occupational pension scheme and PRSA fees annually.

The Authority is also responsible for safeguarding its assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Authority considers that the financial statements of the Authority give a true and fair view of the financial performance and the financial position of the Authority at 31 December 2019.

Authority structure

The Authority consists of a chairperson, and two ordinary members, all of whom are appointed by the Minister for Employment Affairs and Social Protection. Appointments to the Authority shall be for a period of up to five years. Members are eligible for re-appointment. The Authority members meet approximately every six weeks in accordance with a schedule of meetings agreed at the beginning of each year.

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The table below details the date of appointment of 2019 Authority members:

Authority Member Role Date Appointed

David Begg Chairman 12 January 2016

Gary TobinRepresentative of the Department

of Finance22 August 2017

Jacqui McCrumRepresentative of the Department of

Employment Affairs and Social Protection21 January 2019

An external Board Effectiveness Review was undertaken in Q4 2019, as part of this process the Board also undertook a self-evaluation. No issues requiring attention were identified.

Schedule of attendance, fees and expenses

A schedule of attendance at the Authority meetings for 2019 is set out below including the fees and expenses received by each member:

Authority Meetings 2019

Number of meetings held: 8

Name PositionNumber of

meetings attendedFees 2019

€

Expenses 2019 €

David Begg Chairman 8/8 20,520 0

Anne VaughanRepresentative of the Minister for Employment Affairs and

Social Protection7/8 0 0

Gary TobinRepresentative of the Minister

for Finance5/8 0 0

Audit and Risk Committee

The Authority has established an Audit and Risk Committee (ARC) which comprises three members and an independent chairperson.

The role of the ARC is to provide independent advice to the Authority on matters including the suitability and robustness of the organisation’s internal control, internal audit, risk management, governance systems procedures and the reliability of financial reporting.

The ARC is independent of the day-to-day financial management of the organisation by the Executive. In particular the ARC ensures that the internal control systems including audit activities are monitored actively and independently.

The ARC reports to the Authority after each meeting, and formally in writing annually.

14


The ARC consists of four members and at the end of 2019 was as follows:

• Mr. Bill Cunningham, Chairman

• Mr. Michael Roche, non-executive member

• Mr. Kevin Barron, representative of the Department of Employment Affairs and Social Protection

• Mr. Brendan O’Leary, representative of the Department of Finance

There were five meetings of the ARC in 2019.

Schedule of attendance, fees and expenses

A schedule of attendance at the ARC meetings for 2019 is set out below including the fees and expenses received by each member:

ARC meetings 2019 Number of meetings held: 5

Name PositionNumber of

meetings attendedFees 2019

€

Expenses 2019 €

Bill Cunningham Chairman 5/5 2,012 0

Kevin Barron

Representative of the Department of Employment

Affairs and Social Protection

4/5 0 0

*Brendan O’LearyRepresentative of the Department

of Finance1/2 0 0

*Sean KinsellaRepresentative of the Department

of Finance1/2 0 0

Michael Roche Ordinary member 4/5 1,414 0

*Sean Kinsella was on leave from the Department of Finance with effect from July 2019. Brendan O’Leary was appointed as the Department of Finance representative with effect from 4 November 2019.

The following members did not receive an Authority or ARC fee under the One Person One Salary principle:

• Jacqui McCrum

• Gary Tobin

• Kevin Barron

• Sean Kinsella

• Brendan O’Leary

Disclosures required by Code of Practice for the Governance of State Bodies (2016)

The Authority is responsible for ensuring that the organisation has complied with the requirements of the Code of Practice for the Governance of State Bodies (the Code), as published by the Department of Public Expenditure and Reform in August 2016. The following disclosures are required by the Code:

Employee short-term benefits breakdown

Details of employee short-term benefits in excess of €60,000 and the salary costs of key management personnel are set out in note number 3 in the financial statements.

15


Consultancy costs

Consultancy costs comprise the cost of external advice to management and exclude outsourced ‘business-as-usual’ functions.

2019€

2018€

Legal advice 211,685 81,779

Financial/actuarial advice 0 7,715

Public relations 0 0

Research consultancy 55,475 203,123

Human resources 0 0

Business improvement 13,345 20,633

Other 1 83,860 36,268

Total consultancy costs 364,365 349,518

2019€

2018€

Consultancy costs capitalised 0 22,117

Consultancy costs charged to the Income and Expenditure and Retained Revenue Reserves

364,365 327,401

Total 364,365 349,518

Legal costs and settlements

The table below provides a breakdown of amounts recognised as expenditure in the reporting period in relation to legal costs, settlements and conciliation and arbitration proceedings relating to contracts with third parties. This does not include expenditure incurred in relation to general legal advice received by the Authority which is disclosed in consultancy costs above.

2019€

2018€

Legal fees – legal proceedings 14,122 11,279

Conciliation and arbitration payments 0 0

Settlements 0 0

Total 14,122 11,279

1 This consists of investigation and compliance support expenditure.

16


Travel and subsistence expenditure

Travel and subsistence expenditure is categorised as follows:

2019€

2018€

Domestic:

– Authority members 0 0

– Employees 871 1,320

International:

– Authority members 0 0

– Employees 24,040 23,121

Total 24,911 24,441

Hospitality expenditure

The Income and Expenditure Account includes the following hospitality expenditure:

2019€

2018€

Employee hospitality 2 10,516 7,677

Client hospitality 118 114

Total 10,634 7,791

Covid-19

The Authority has reviewed the impact of Covid-19 on its operations and fi nances. Although there are some uncertainties, especially in relation to the effect of the pandemic on 2021 fee income, the Authority is confi dent that we are able to continue to operate as a going concern to the end of June 2021.

Statement of compliance

The Authority has adopted the Code of Practice for the Governance of State Bodies (2016) and has put procedures in place to ensure compliance with the Code. The Pensions Authority was in compliance with the Code of Practice for the Governance of State Bodies for 2019.

David Begg Brendan KennedyChairman Pensions Regulator

29 June 2020 29 June 2020

2 This includes contribution to staff social committee and other activities.

17


STATEMENT ON INTERNAL CONTROL

Responsibility for system of internal control

On behalf of the Authority, I acknowledge our responsibility for ensuring that an effective system of internal control is maintained and operated. This responsibility takes account of the requirements of the Code of Practice for the Governance of State Bodies (2016).

Purpose of the system of internal control

The system of internal control is designed to manage risk to a tolerable level rather than to eliminate it. The system can therefore 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 detected in a timely manner.

The system of internal control, which accords with guidance issued by the Department of Public Expenditure and Reform, has been in place in the Authority for the year ended 31 December 2019 and up to the date of approval of the financial statements.

Audit and risk management

The Authority has an Audit and Risk Committee (ARC) comprising a member from the Department of Employment Affairs and Social Protection, a member from the Department of Finance and two external members, with financial and audit expertise, one of whom is the chairperson. The ARC met five times during 2019.

The Authority has also established an outsourced internal audit function, which is adequately resourced and conducts a programme of work as agreed with the ARC.

The Authority has developed a risk management policy, which sets out its risk appetite, the risk management processes in place and details the roles and responsibilities of staff in relation to risk. The Authority approved the policy and the risk management processes. The policy has been issued to all staff who are expected to work within the Authority’s risk management policies.

Risk and control framework

The Authority has a risk register which identifies key risks and the management actions being taken, to the extent possible, to mitigate those risks. The key risks facing the Authority have been evaluated and graded according to their significance. The risk register is reviewed quarterly by senior management and the ARC. The outcome of these assessments is used to allocate resources to ensure risks are managed to an acceptable level.

I confirm that a control environment containing the following

elements is in place:

• procedures for all key business processes have been documented;

• financial responsibilities have been assigned at management level with corresponding accountability;

• there is an appropriate budgeting system with an annual budget which is kept under review by senior management;

• there are systems aimed at ensuring the security of the information and communication technology systems;

• there are systems in place to safeguard the assets of the Authority.

Ongoing monitoring and review

Formal procedures have been established for monitoring control processes. Control deficiencies are communicated to those responsible for taking corrective action and to management and the Authority, where relevant, in a timely way. I confirm that the following ongoing monitoring systems are in place:

• key risks and related controls have been identified and processes have been put in place to monitor the operation of those key controls and report any identified deficiencies;

• reporting arrangements have been established at all levels where responsibility for financial management has been assigned; and

• there are regular reviews by senior management of financial reports which indicate performance against budgets/forecasts.

Procurement

I confirm that the Authority has procedures in place to ensure compliance with current procurement rules and guidelines. Non-compliant procurement disclosed in 2018 has been addressed and regularised.

Review of effectiveness

I confirm that the Authority has procedures to monitor the effectiveness of its risk management and control procedures. The Authority’s monitoring and review of the effectiveness of the system of internal financial control is informed by the work of the internal and external auditors. The senior management in the Authority are responsible for the development and maintenance of the internal financial control framework.

I confirm that the Authority conducted an annual review of the effectiveness of the internal controls for 2019.

18


Internal control issues

No weaknesses in internal control were identified in relation to 2019 that require disclosure in the financial statements.

David Begg Chairman

19


STATEMENT OF INCOME AND EXPENDITURE AND RETAINED REVENUE RESERVES

For the year ended 31 December 2019

2019 2018

Notes € €

Revenue

Occupational pension scheme fees 3,842,619 3,553,560

Personal Retirement Savings Account fees 3,539,343 3,368,697

Other income 2 7,068 11,545

Total income 7,389,030 6,933,802

Expenditure

Remuneration 3 4,800,328 4,051,956

Authority members’ fees 5 20,520 20,520

Rent and offi ce expenses 6 834,897 875,593

Training, education and employee-related expenses 7 195,325 170,353

Information, research and publicity 8 189,822 194,050

Professional fees 9 598,651 419,644

General administration 10 663,534 500,846

Depreciation 11 140,368 224,536

Total expenditure 7,443,445 6,457,498

Surplus/(defi cit) for the year (54,415) 476,304

Revenue reserve at 1 January 7,793,464 7,317,160


Revenue reserve at 31 December 7,739,049 7,793,464

The statement of cash fl ows and notes 1 to 22 form part of these fi nancial statements.


29 June 2020 29 June 2020

20



2019 2018

Notes € €


Experience (gains)/losses on retirement benefi t obligations 3 18 1,072,000 (490,000)

Change in assumptions underlying the present value of retirement benefi t obligations

(3,719,000) 298,000

Adjustment to deferred retirement benefi ts funding 18 2,647,000 192,000

Total comprehensive income for the year 54,415 476,304



29 June 2020 29 June 2020

STATEMENT OF COMPREHENSIVE INCOME

3 The “Experience Gains on Retirement Benefi t Obligations” refl ects the impact on the liability valuation of differences between the assumptions made at the start of the year and the actual experience over the year. For example, gains or losses arise from differences between assumed and actual mortality experience, infl ation, salary infl ation and pension increases.

21


At 31 December 2019

2019 2018

Notes € € € €

Non-current assets

Property, plant and equipment 11 577,729 473,471

Current assets

Receivables 12 855,239 1,175,290

Cash and cash equivalents 17 8,198,557 8,114,257

9,053,796 9,289,547

Creditors amounts falling due within 1 year

Payables 13 392,476 469,554

Net current assets 8,661,320 8,819,993

Net assets before retirement benefi ts 9,239,049 9,293,464

Retirement benefi ts

Retirement benefi t liability 18 (27,146,000) (23,369,000)

Deferred exchequer retirement benefi t funding 18 27,146,000 23,369,000

Net assets after retirement benefi ts 9,239,049 9,293,464

Representing

Compliance enforcement reserve 15 1,500,000 1,500,000

Revenue reserve 15 7,739,049 7,793,464

9,239,049 9,293,464



29 June 2020 29 June 2020

STATEMENT OF FINANCIAL POSITION

22



2019 2018

Notes € €

Net cash inflow from operating activities 16 325,603 137,358

Cash flows from financing activities Interest received

3,323 156

Cash flows from investing activities

Payments to acquire property, plant and equipment

(244,626) (242,121)

Transfers from short-term deposit accounts 6,545,498 0

Increase/(Decrease) in cash and cash equivalents in year

6,629,798 (104,607)

Reconciliation of net cash flow to movement in net funds

17

Increase/(Decrease) in net funds in the year 6,629,798 (104,607)

Net funds at 1 January 1,568,759 1,673,366

Net funds at 31 December 8,198,557 1,568,759

STATEMENT OF CASH FLOWS

23


a) General information

The Authority was set up under the Pensions Act, 1990, as amended, with a head office at Verschoyle House, 28-30 Lower Mount Street, Dublin 2.

The Authority’s primary objectives as set out in section10 of the Pensions Act, 1990, as amended, are:

• to monitor and supervise the operation of this Act and pensions developments generally;

• to advise the Minister either on request or on its own initiative on all matters relating to the functions assigned to the Authority under this Act and on matters relating to pensions generally;

• to issue guidelines on the duties and responsibilities of trustees of schemes and codes of practice on specific aspects of their responsibilities;

• to encourage the provision of appropriate training facilities for trustees of schemes;

• to advise the Minister on standards for trustees of schemes and on their implementation;

• to publish an annual report and such other reports as it may from time to time consider necessary;

• to perform such tasks as the Minister may from time to time request.

The Authority is a Public Benefit Entity (PBE).

The financial statements are denominated in euro.

b) Statement of compliance

The financial statements of the Authority for the year ended 31 December 2019 have been prepared in accordance with FRS 102, the financial reporting standard applicable in Ireland and the UK issued by the Financial Reporting Council (FRC), as promulgated by Chartered Accountants Ireland. The date of transition to FRS 102 was 1 January 2014.

c) Basis of preparation

The financial statements are prepared under the accruals method of accounting, on the going concern basis and under the historical cost convention, unless otherwise disclosed, in the form approved by the Minister for Employment Affairs and Social Protection, with the concurrence of the Minister for Public Expenditure and Reform, in accordance with section

22(1) of the Pensions Act, 1990, as amended.

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

d) Oireachtas grants

Oireachtas grants represents the amount made available in respect of the year by the Department of Employment Affairs and Social Protection to recoup the cost of superannuation benefits paid by the Authority. Oireachtas grants are recognised in the year in which the related pensions are paid.

e) Fee income

i) Occupational pension scheme fees

Fees are payable to the Authority by scheme trustees in accordance with section 25 of the Pensions Act. The current fee rates payable are set out in Statutory Instrument No. 634 of 2010 - Occupational Pension Schemes (Fees) (Amendment) Regulations, 2010. Fees in respect of group schemes are payable on an actual year basis and one person schemes are payable a year in arrears.

The Authority recognises all fees due as income on a calendar year basis and fees due in respect of one person schemes are included as debtors at year end.

ii) Personal Retirement Savings Account fees

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.

The current fee rates are set out in Statutory Instrument No. 506 of 2002 - Personal Retirement Savings Accounts (Fees) Regulations, 2002.

f) Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is charged in the statement of income and expenditure and revenue reserves on a straight-line basis, from the point the asset comes into use. Depreciation is applied at the annual rates set out below, so as


1. Accounting policies

The basis of accounting and significant accounting policies adopted by the Authority are set out below. They have all been applied consistently throughout the year and for the preceding year.

NOTES TO THE FINANCIAL STATEMENTS

24


to write off the assets, adjusted for estimated residual value, over the expected useful life of each appropriate category.

• Leasehold improvements 6 % 15 years

• Computer equipment 25% 4 years

• Office furniture 12½% 8 years

• Office equipment 20% 5 years

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of an age and in the condition expected at the end of its useful life.

If there is objective evidence of impairment of the value of an asset, an impairment loss is recognised in the statement of income and expenditure and retained revenue reserves in the year.

g) Operating lease

Rental payments are dealt with in the statement of income and expenditure and retained revenue reserves in the year to which they relate.

h) Retirement benefits (Refer to note 18)

Nature of schemes

The Authority operates the following defined benefit pension schemes in respect of its employees:

For employees appointed prior to 1 January 2013:

• Pensions Authority Superannuation Scheme, 1993, and the Spouses’ and Children’s Contributory Pension Scheme 1993, with the scheme structure based on the Public Service model (the ‘Model scheme’).

For employees appointed after 1 January 2013:

• Single Public Service Pension Scheme, which provides consumer price index-linked defined benefit pensions based on career-average pay (the ‘Single scheme’).

The schemes are unfunded by the Authority, with pension benefits payable by the Exchequer. In addition, the Authority’s arrangements have a number of specific characteristics:

• the Authority makes agreed contributions to the Department of Employment Affairs and Social Protection (for the Model scheme) and to the Department of Public Expenditure and Reform (for the Single scheme);

• the contributions for both schemes comprise an employee element along with an employer element. The employer contributions, paid by the Authority, amount to 25% of gross

pay for employees paying PRSI at the A rate in the Pensions Authority Superannuation Scheme and 30% of gross pay for employees paying PRSI at the D rate. The employer contribution paid by the Authority to the Single Scheme amount to three times the employee contribution;

• there is an explicit commitment from the Department of Employment Affairs and Social Protection, with the agreement of the Department of Public Expenditure and Reform, that the Exchequer will meet the cost of benefits as they fall due;

• an asset corresponding to the unfunded deferred liability for retirement benefit on the Single Public Service Pension Scheme is recognised on the basis of the provisions of section 44 of the Public Service Pensions (Single Scheme and other provisions) Act 2012.

In substance, the Authority considers that the obligation to pay pension benefits remains with the Authority, but that the Exchequer has committed to providing the Authority with sufficient funds to settle any such obligations as they fall due, provided that the Authority pays over employees’ and the employer’s contributions at rates specified by the Minister for Employment Affairs and Social Protection and the Minister for Public Expenditure and Reform.

Accordingly, the financial statements recognise both a deferred pension benefit obligation and a deferred exchequer pension funding receivable and full details of Superannuation benefit payments are included in the financial statements as an expenditure item and there is a corresponding income representing recoupment of payments from the Department of Employment Affairs and Social Protection.

Scheme actuarial gains or losses

Actuarial gains or losses arising from changes in actuarial assumptions and from experience surpluses and deficits are recognised for the year in which they occur and a corresponding adjustment is recognised to the balance for deferred exchequer retirement benefit funding. Pension costs in the statement of income and expenditure and retained revenue reserves comprise the employer’s contribution in the year.

Scheme liabilities

Scheme liabilities represented by the present value of future payments earned by Authority staff to date are measured on an actuarial basis using the projected unit method. Pension costs reflect pension benefits earned by employees. The amount to be included in the financial statements for the deferred exchequer benefit funding amount is estimated at an amount equal to the estimate of the obligation for the pension scheme liabilities.

25


i) Compliance enforcement reserve

As the Authority is a statutory regulatory body charged with monitoring and enforcing compliance with the provisions of the Pensions Act, 1990, as amended, it may be necessary for the Authority, from time to time, to have recourse to legal action.

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

Accordingly, amounts are transferred from the statement of income and expenditure and retained revenue reserves to the compliance enforcement reserve when deemed prudent or necessary.

Amounts are transferred from the compliance enforcement reserve to the statement of income and expenditure and retained revenue reserves in the case of significant legal proceedings i.e. contested high court action.

j) Critical accounting judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements have had the most significant effect on amounts recognised in the financial statements.

Depreciation and residual values

The Authority has reviewed the asset lives and associated residual values of all fixed asset classes, and in particular, the useful economic life and residual values of fixtures and fittings, and have concluded that asset lives and residual values are appropriate.

Retirement benefit obligation

The assumptions underlying the actuarial valuations for which the amounts recognised in the financial statements are determined (including discount rates, rates of increase in future compensation levels, mortality rates and healthcare cost trend rates) are updated annually based on current economic conditions, and for any relevant changes to the terms and conditions of the pension and post-retirement plans. The going concern basis is also a critical judgement.

The assumptions can be affected by:

(i) the discount rate, changes in the rate of return on high-quality corporate bonds

(ii) future compensation levels, future labour market conditions.

26


2. Other income

Other income2019

€

2018€

Interest income 3,323 6,780

Recoupment of prosecution costs 2,000 635

Miscellaneous income 1,745 4,130

7,068 11,545

3. Remuneration

The average number of full-time equivalent employees during the year was 64 (2018, 58) and the Employment Control Framework (ECF) was 95.5 at the end of 2019 (2018, 70.5). The aggregate employee and related costs were as follows:

Remuneration2019

€

2018€

Salaries 3,637,103 3,214,582

Employer superannuation contributions 696,916 413,069

Employer PRSI contributions 369,520 309,468

Agency/temporary employees 96,789 114,838

4,800,328 4,051,956

Key management personnel

Key management personnel in the Pensions Authority consist of the Pensions Regulator and the Head of Operations (Finance). The total value of short-term employee benefits for key management personnel is set out below:

2019€

2018€

Salaries 4 264,076 257,133

4 Figures are in line with grades as set out in Circular 17/2019. This does not include the value of retirement benefits earned in the period. The key management personnel are members of the Pensions Authority pension scheme and the Single Scheme and their entitlements in that regard do not extend beyond the terms of the model public service pension scheme.

27


Employee short-term benefits breakdown5

Employees’ short-term benefits in excess of €60,000 are categorised into the following bands:

Range of Total Employee Benefits Number of Employees

From € To € 2019 2018

60,000 69,999 5 7

70,000 79,999 9 4

80,000 89,999 3 2

90,000 99,999 2 3

100,000 109,999 1 2

110,000 119,999 1 1

120,000 129,999 0 0

130,000 139,999 0 0

140,000 149,999 0 0

150,000 159,999 1 1

4. Pensions Regulator remuneration6

Pensions Regulator remuneration2019

€

2018€

Salary 157,031 151,500

Employer superannuation contribution 39,258 37,875

196,289 189,375

The Pensions Regulator is a member of the Pensions Authority’s pension scheme and his pension entitlements do not exceed the standard entitlements provided in the model public sector defined benefit superannuation scheme. The value of retirement benefits earned in the period is not included above.

5. Authority members’ fees

Authority members’ fees

Name2019

€

2018€

David Begg - Chairman 20,520 20,520

5 For the purposes of this disclosure, short-term employee benefits in relation to services rendered during the reporting period include salary, overtime allowances and other payments made on behalf of the employee, but exclude employers PRSI.

6 Included as part of employee costs in note 3.

28


6. Rent and office expenses

Rent and office expenses2019

€

2018€

Rent 558,400 558,400

Service charge 90,076 132,427

Rates 66,954 72,906

Electricity 38,038 53,750

Cleaning 37,946 29,980

General maintenance 41,298 25,850

Offsite storage 2,185 2,279

834,897 875,592

The Authority occupies office premises on the first, second and fourth floor and basement at Verschoyle House, Lower Mount Street, Dublin 2, under a 25 year lease, which commenced on 16 July 2001. The Authority entered into an additional lease for the third floor of Verschoyle House from 21 October 2016 to 15 July 2026.

7. Training, education and employee-related expenses

Training, education and employee-related expenses

2019€

2018€

Training and education 185,217 162,676

Employee-related expenses 7 10,108 7,677

195,325 170,353

8. Information, research and publicity

Information, research and publicity2019

€

2018€

Advertising and engagement activities 138,089 142,458

Printing, publications and website 51,733 42,217

Consumer market research 0 9,375

189,822 194,050

7 Includes contributions to employee social committee and other activities.

29


9. Professional fees

Professional fees2019

€

2018€

Legal advice 225,806 93,058

Investigation and compliance support 83,860 36,268

Project development 0 14,699

System enhancement consultancy 77,389 5,477

Research consultancy 55,475 203,123

Internal audit fees 9,543 14,765

Statutory audit fees 18,700 17,000

Recruitment consultancy and advertising 26,178 14,258

Other 8 101,700 20,996

598,651 419,644

10. General administration

General administration2019

€

2018€

Stationery and administration expenses 9 98,187 37,251

Corporate subscriptions 175,651 167,494

Telephone and postage 35,262 30,308

Computer maintenance and consumables 259,282 180,266

Travel and subsistence 10 24,911 24,441

Insurances 53,781 51,734

Bank charges 16,460 9,352

663,534 500,846

8 Includes ICT consultancy and HR technical advice.9 Includes Audit and Risk Committee member fees of €3,426.10 Included in travel and subsistence costs were: a) Foreign travel - €24,062 (includes €11,917 foreign travel for the Pensions Regulator) b) Pensions Regulator expenses -

€12,145 (includes €11,917 foreign travel) (2018 - €7,447). Foreign travel related mainly to the Authority’s participation in EU regulatory and supervisory policy activity, in particular attendance at meetings of the EIOPA.

30


11. Property, plant and equipment

Leasehold improvements

€

Computer equipment

€

Office furniture

€

Office equipment

€

Total€

Cost or Valuation

At 1 January 2019 1,246,597 1,154,876 96,982 50,961 2,549,416

Additions in year 0 244,626 0 0 244,626

Disposal in year 0 (31,591) (61,710) (4,175) (97,476)

At 31 December 2019 1,246,597 1,367,911 35,272 46,786 2,696,566

Accumulated Depreciation

At 1 January 2019 1,154,358 829,420 60,970 31,197 2,075,945

Disposal in year (-) (31,591) (61,710) (4,175) (97,476)

Charge for year 3,752 100,044 31,038 5,534 140,368

At 31 December 2019 1,158,110 897,873 30,298 32,556 2,118,837

Net Book Value

At 31 December 2018 92,239 325,456 36,012 19,764 473,471

At 31 December 2019 88,487 470,038 4,974 14,230 577,729

12. Receivables

Amounts falling due within one year:2019

€

2018€

Fee income 559,800 515,500

Accrued interest receivable 0 2,710

Prepayments 160,749 161,043

Debtors other 134,690 496,037

855,239 1,175,290

13. Payables

Amounts falling due within one year:2019

€

2018€

Creditor accruals 231,173 182,618

Holiday pay accruals 45,194 89,133

Tax creditor 116,109 101,319

Trade creditors 0 96,484

392,476 469,554

31


14. Financial commitments

(i) Capital commitments There were no capital commitments at 31 December 2019.

(ii) Operating leases The Authority had commitments payable under non-cancellable operating leases as follows:

2019€

2018€

Within 1 year 558,400 558,400

2-5 years 2,233,600 2,233,600

Over 5 years 859,077 1,417,477

3,651,077 4,209,477

Lease payments are recognised as an expense.

15. Revenue reserves

2019€

2018€

Compliance enforcement reserve

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

Revenue reserve

At end of year 7,739,049 7,793,464

9,239,049 9,293,464

16. Reconciliation of surplus for the year to net cash inflow from operating activities

2019€

2018€

Surplus for year (54,415) 476,304

Non-operating items

Finance income (3,322) (6,780)

Non-cash items

Depreciation 140,368 224,536

(Increase)/Decrease in receivables 320,051 (555,874)

Increase/(Decrease) in non-capital payables (77,079) (1,898)

Loss on disposal of fixed asset 0 1,070

Net cash inflow from operating activities 325,603 137,358

32


17. Analysis of changes in cash flows

At 1 January 2019 €

Cash flow€

At 31 December 2019€

Cash and cash equivalents 1,568,759 78,435 1,647,194

Short-term deposits 6,545,498 5,865 6,551,363

8,114,257 84,300 8,198,557

18. Accounting treatment for retirement benefits

The Authority operates the following defined benefit pension schemes in respect of its employees:

For employees appointed prior to 1 January 2013:

• Pensions Authority Superannuation Scheme, 1993 and the Spouses’ and Children’s Contributory Pension Scheme, 1993 (the scheme structure is based on the traditional Public Service model).

For employees appointed after 1 January 2013:

• Single Public Service Pension Scheme (the structure provides consumer price index-linked defined benefit pensions based on career-average pay).

The schemes are unfunded statutory schemes with pension benefits payable under the schemes funded by the Exchequer.

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

• the Authority makes an agreed contribution to the Department of Employment Affairs and Social Protection (for the Model scheme) and to the Department of Public Expenditure and Reform (for the Single scheme):

• the contribution for both schemes comprises an employee element along with an employer element. The employer contribution to the Pensions Authority Superannuation Scheme amounts to 25% of gross pay for employees paying PRSI at the A rate. The employer contribution paid by the Authority to the Single Scheme amounts to three times the employee contribution;

• and 30% of gross pay for employees paying PRSI at the D rate and is paid by the Authority;

• there is an explicit commitment from the Department of Employment Affairs and Social Protection, with the agreement of the Department of Public Expenditure and Reform, that the Exchequer will meet the cost of benefits as they fall due.

a) Actuarial valuation

The Authority commissioned an actuarial valuation of retirement benefit liabilities under FRS102 at the statement of financial position date and the cost of benefits (service costs) accrued during the year.

This valuation, which was based on the Project Unit method, is premised on the following key financial assumptions (with comparatives for 2018):

31 December 2019 31 December 2018

Discount rate 11 1.30% p.a. 2.10% p.a.

Inflation rate 1.40% p.a. 1.50% p.a.

Increases to pensions in payment 2.40% p.a. 2.50% p.a.

Pensionable salary increases 12 2.40% p.a. 2.50% p.a.

11 The discount rate is prescribed under FRS102 and is based on the yield on high quality corporate bonds at the valuation date.12 Plus an allowance for public sector pay scales.

33


The key demographic assumptions used to calculate the retirement benefit liabilities under FRS102 at the beginning and the end of the period were as follows:

31 December 2019 31 December 2018

Mortality: pre-retirement None None

Mortality: post retirement58% (male) of ILT15 62% (female) of ILT15 with allowance for future

mortality improvements

58% (male) of ILT15 62% (female) of ILT15 with allowance for future

mortality improvements

Life expectancy at age 65: Male Female Male Female

FRS date: 21.6 24.1 21.5 24.0

FRS date + 20 years: 24.3 26.6 24.2 26.6

Retirement

70% of those with the option are assumed to retire at 60 with all

other members assumed to retire at normal retirement age.

70% of those with the option are assumed to retire at 60 with all

other members assumed to retire at normal retirement age.

Age gap

Spouses are assumed to be three years younger than male members

and three years older than f emale members

Spouses are assumed to be three years younger than male members

and three years older than female members.

b) Analysis of total pension costs charged to expenditure

2019€

2018€

Total employer contribution 700,738 802,428

SPSPS13 refund from DPER (-) (332,116)

Adjustments for seconded employees and transfers out

(3,822) (57,243)

Current service cost 14 1,015,000 1,028,000

Interest cost 487,000 438,000

Past service cost (1,502,000) (1,466,000)

Adjustment to deferred Exchequer funding

696,916 413,069

Total charge to the statement of income and expenditure and

retained revenue reserve413,069 704,899

13 SPSPS is the Single Public Service Pension Scheme. The refund relates to overpaid employer contributions to the SPSPS between 2013 and 2018.14 Includes employee contributions totalling €295,000 in 2019 and €157,000 in 2018.

34


c) Movement in net pension liability

2019€

2018€

Net pension liability at 1 January 23,369,000 22,080,000

Current service cost 1,015,000 1,028,000

Interest cost 487,000 438,000

Experience (gains)/losses on scheme liabilities

(1,072,000) 490,000

Change in assumptions 3,719,000 (298,000)

Benefits paid during the year 15 (372,000) (369,000)

Net pension liability at 31 December

27,146,000 23,369,000

d) Actuarial adjustments

2019€

2018€

Experience gains on retirement benefit obligation

(1,072,000) 490,000

Change in assumptions underlying the present value of retirement benefit obligation

3,719,000 (298,000)

Adjustment to deferred retirement benefits funding

(2,647,000) (192,000)

e) Superannuation deductions and contributions

The total superannuation deductions and contributions remitted to the Department of Employment Affairs and Social Protection and Department of Public Expenditure and Reform were as follows:

2019€

2018€

Employer ordinary contributions 700,738 802,428

SPSPS refund from DPER - (332,116)

Employee ordinary contributions 165,287 156,905

Pension-related deduction 16 - 156,623

Additional Superannuation Contribution 129,745 -

995,770 783,840

15 The 2018 amount includes refunds of €24,640 for employees who transferred out of the Authority in 2018.16 The pension-related deduction is not technically a pension contribution.

35


Breakdown of remittance of pension deductions

Employees in the Pensions Authority are members of the following schemes:

• Pre 1995 scheme

• Post 1995 scheme

• Single scheme

Pension contributions for the pre 1995 and post 1995 scheme are remitted to the Department of Employment Affairs and Social Protection (DEASP). Pension contributions for the Single Scheme are remitted to the Department of Public Expenditure and Reform (DPER). The table below provides a breakdown of the remittance.

2019€

2018€

DEASP:



Pension-related deduction - 156,623

Additional Superannuation Contribution 129,746 -

DPER:



SPSPS refund from DPER - (332,116)

995,770 783,840

f) Superannuation receipts and payments

2019€

2018€

State grant in respect of pension payments 17 372,624 344,358

Superannuation benefits paid (372,624) (344,358)

17 Department of Employment Affairs and Social Protection Vote 37 subhead A41.2.

36


19. Disclosure of transactions

In accordance with the Code of Practice for the Governance of State Bodies, the Authority has in place a Code of Business Conduct for Authority members. The Code of Business Conduct includes guidance in relation to the disclosure of interests by Authority members and these procedures have been adhered to by the Authority during the year covered by these financial statements. During 2019, there were no financial transactions with Authority members other than the payment of Authority fees detailed in Note 5.

20. Taxation

The Authority is exempt from Corporation Tax under section 220 of the Taxes Consolidation Act 1997.

21. Subsequent events

As a result of the Covid-19 outbreak, all Pensions Authority staff were obliged to work from home since late March. Although this caused some initial disruption, there has not been a significant impact on the Authority’s operations and finances.

The Authority is monitoring closely the effect of remote working on the activities of the organisation and has increased oversight of income and expenditure.

22. Subsequent events

The financial statements were approved by Authority members on 29 June 2020.

37


Membership of occupational pension schemes and Personal Retirement Savings Accounts* Table 1: Defined benefit schemes with active members as at 31 December 2019

Defined benefit schemes with active members as at 31 December 2019

Scheme Size

Defined Benefit All DB Schemes

Subject to the Funding Standard

Not Subject to the Funding Standard

No of Schemes

Active Members

No of Schemes

Active Members

No of Schemes

Active Members

Frozen 197 0 0 0 197 0

In wind-up 19 0 0 0 19 0

Scheme size by active members

Non-Group 0 0 0 0 0 0

0 to 50 236 3,044 40 830 276 3,874

51 to 99 41 2,888 11 781 52 3,669

100 to 500 73 18,403 24 4,847 97 23,250

501 to 1000 14 9,246 8 6,193 22 15,439

1001+ 17 72,131 21 382,447 38 454,578

2019 Total 597 105,712 104 395,098 701 500,810

2018 Total 614 102,683 99 391,606 713 494,289

Change since 2018 -17 3,029 5 3,492 -12 6,521

APPENDIX I

38


Table 2: Defined contribution schemes with active members as at 31 December 2019

Defined contribution schemes with active members as at 31 December 2019

Scheme size by active membersNo of

Schemes Active

Members

Non-Group 66,201 66,201

1-10 5,767 17,243

11-20 1,024 15,017

21-30 525 13,158

31-40 282 9,870

41-50 207 9,390

51-99 403 28,261

100-500 356 77,047

501-1000 56 37,470

1001+ 45 107,773

2019 Total 74,866 381,430

2018 Total 72,096 351,657

Change since 2018 2,770 29,773

PRSA data

The number of PRSA contracts increased in 2019 by 17,405 to 298,532 with assets under management of €7.5 billion. The contracts consisted of:

• 219,584 Standard PRSA contracts

• 78,948 Non-Standard PRSA contracts

*Occupational scheme membership and PRSA data are based on the information provided to the Authority by regulated entities.

D


The Pensions AuthorityVerschoyle House

28/30 Lower Mount StreetDublin 2

DO2 KX27

Telephone: (01) 613 1900 www.pensionsauthority.ie

ISSN 1649 8690

28/30 Lower Mount StreetDublin 2

DO2 KX27

Telephone: (01) 613 1900 www.pensionsauthority.ie

ISSN 1649 8690

A

TUARASCÁIL BHLIANTÚIL AGUS CUNTAIS AN ÚDARÁIS PINSEAN, 2019

www.pensionsauthority.ie


1


CLÁR NA nÁBHAR


Ráiteas an Chathaoirligh ....................................................................................................................................2

An tÚdarás Pinsean ............................................................................................................................................3

Achoimre ar an ngníomhaíocht do 2019 ..........................................................................................................4

Cuspóirí an Údaráis a bhaint amach .................................................................................................................5

Coiste an Údaráis ................................................................................................................................................9

Tuarascáil an Ard-Reachtaire Cuntas agus Ciste, le cur os comhair Thithe an Oireachtais ..........................10

Aguisín leis an tuarascáil ..................................................................................................................................11

Ráiteas um rialachas agus tuarascáil chomhaltaí an Údaráis ........................................................................12

Ráiteas maidir le rialú inmheánach ................................................................................................................17

Ráiteas ar ioncam agus caiteachas agus ar chúlchistí ioncaim coinnithe .....................................................19

Ráiteas ar ioncam cuimsitheach ......................................................................................................................20

Ráiteas ar an staid airgeadais ..........................................................................................................................21

Ráiteas ar shreafaí airgid .................................................................................................................................22

Nótaí a ghabhann leis na ráitis airgeadais .....................................................................................................23

Aguisín I ............................................................................................................................................................37

2


2

RÁITEAS AN CHATHAOIRLIGH

Is mór agam Tuarascáil Bhliantúil agus Cuntais an Údaráis Pinsean (“an tÚdarás”) a chur i láthair don bhliain dar críoch an 31 Nollaig 2019 de réir Alt 23(2) d’Acht na bPinsean, 1990.

Obair an Údaráis

Leagtar amach an obair a rinne foireann an Údaráis le linn 2019 sa tuarascáil bhliantúil seo. Tá baill de scéimeanna pinsin, bíodh siad ar scor nó ná bíodh, agus ranníocóirí PRSA tar éis breis agus € 100 billiún a chur ar iontaoibh daoine eile, agus tá sé mar aidhm ag ár n-obair thábhachtach a chinntiú go dtugtar aire cheart do na cistí sin. Agus Treoir IORP II á cur i bhfeidhm tabharfar aghaidh ar roinnt easnaimh i gcumhacht an Údaráis chun bainistíocht cheart a dhéanamh ar choigilteas scoir. Tá an obair chasta chun an Treoir a thrasuí i ndlí na hÉireann ag glacadh níos faide ná mar ba mhaith le duine ar bith, agus táimid ag tnúth leis an tasc tábhachtach seo a chur i gcrích.

Obair an Údaráis Pinsean a mhaoiniú

Bhí an tÚdarás feasach i gcónaí faoin ngá a bheith éifeachtach ina chuid oibríochtaí, agus mar thoradh air sin, tá leibhéil na dtáillí ag an leibhéal a bhí siad in 2003 nó faoina bhun. Is ionann na costais bhliantúla a bhaineann le reáchtáil an Údaráis agus níos lú ná 1/1,000 de 1% de shócmhainní phinsin na hÉireann.

Ní mór a aithint, áfach, go mbeidh gá níos mó oibre a dhéanamh chun an mhaoirseacht níos mionsonraithe a shainordaítear le Treoir IORP II a dhéanamh agus chun oibleagáidí eile maidir le bailiú sonraí a chomhlíonadh agus go dtiocfaidh méadú ar ár gcostais dá bhrí sin. Go déanach in 2019, fuair an tÚdarás cead chun baill foirne bhreise a fhostú agus tá dul chun cinn an-mhaith déanta againn maidir leis na poist sin a líonadh. Mar thoradh air sin, tiocfaidh méadú ar an gcostas a bheidh ar an maoirseacht a dhéanfaimid ar scéimeanna pinsean ceirde agus beidh méadú ar tháillí an Údaráis ar scéimeanna in 2021 dosheachanta.

Rialachas na heagraíochta

Tá an tÚdarás faoi réir an Chóid Chleachtais um Rialachas Comhlachtaí Stáit agus cloíonn sé leis. Tá comhaontú maoirseachta curtha ar bun againn leis an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí chomh maith.

Foráiltear le hAlt 4 den Chód ‘gur cheart tabhairt faoi mheastóireacht sheachtrach atá i gcomhréir le méid agus riachtanais an chomhlachta Stáit ar a laghad gach 3 bliana’. D'fhostaigh an tÚdarás an Dr Moling Ryan chun an mheastóireacht sheachtrach a stiúradh, ar tugadh faoi i mí Dheireadh Fómhair agus i mí na Samhna 2019.

D’éirigh Gary Tobin as bheith ina chomhalta den Údarás an 17 Feabhra 2020. Ba mhaith liom buíochas a ghabháil le Gary as a chuid oibre don Údarás: ba mhór againn a chomhairle agus a léargas i gcónaí. Cheap an tAire Michael McGrath ón Roinn Airgeadais ina áit, agus táimid ag tnúth le bheith ag obair leis.

Ba mhaith liom buíochas a ghabháil leis an Aire agus leis na hoifi gigh sa Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí. Is mór againn ár ndlúthchaidreamh oibre, rud atá tábhachtach go háirithe in amanna athraithe.

Mar fhocal scoir, thar mo cheann féin agus thar ceann chomhaltaí eile an Údaráis, ba mhaith liom buíochas a ghabháil leis an Rialtóir Pinsean agus le foireann an Údaráis as a gcuid oibre crua agus a ngairmiúlachta le linn 2019.

An Dr. David BeggCathaoirleach

3


Comhlacht reachtúil is ea an tÚdarás, ar a bhfuil cathaoirleach neamhspleách arna cheapadh ag an Aire Gnóthaí Fostaíochta agus Coimirce Sóisialaí agus beirt ghnáth-chomhaltaí. Maireann téarma oifi ge comhalta den Údarás cúig bliana.

Is iad seo a leanas comhaltaí an Údaráis:

D'éirigh an tUasal Gary Tobin, Rúnaí Cúnta, an Roinn Airgeadais as a phost mar chomhalta den Údarás an 17 Feabhra 2020 agus tháinig an tUasal Michael J. McGrath, Rúnaí Cúnta, an Roinn Airgeadais ina áit. Bhí ocht gcruinniú ag an Údarás in 2019. Ba é seo a leanas an ráta tinrimh: David Begg 8/8, Jacqui McCrum (ceaptha an 21 Eanáir 2019) 7/8 agus Gary Tobin 5/8.

Déantar an chinnteoireacht laethúil a tharmligean do bhaill foirne faoi mhaoirseacht ghníomhach an Údaráis. Is é seo a leanas foireann bainistíochta sinsearaí an Údaráis:

AN tÚDARÁS PINSEAN

An Dr. David BeggCathaoirleach

Jacqui McCrum, Uas.Leas-Rúnaí na Roinne Gnóthaí

Fostaíochta agus Coimirce Sóisialaí (Ionadaí don Aire Gnóthaí Fostaíochta agus

Coimirce Sóisialaí)

An tUasal Michael J. McGrathRúnaí Cúnta

An Roinn Airgeadais (Ionadaí an Aire Airgeadais)

Grace GuyCeann an Aonaid Maoirseachta

agus Forfheidhmithe

Brendan KennedyAn Rialtóir Pinsean

Pat O’SullivanCeann an Aonaid TF

agus Sonraí

Ger ClarkeLeascheann an Aonaid

Maoirseachta agus Forfheidhmithe

Ellen BaileyCeann an Aonaid Theicniúil

Brendan RocheCeann an Aonaid Dlí

Dervla O’KeeffeCeann an Aonaid TF agus

Sonraí (ar saoire faoi láthair)

Sylvia McNeeceCeann an Aonaid Bainistíochta Clár

David MaloneCeann an Aonaid Oibriúcháin

Andrew NugentCeann an Aonaid Bheartais

4


ACHOIMRE AR AN NGNÍOMHAÍOCHT DO 2019

5


An fhís atá ag an Údarás don todhchaí ná córas pinsin ina mbeidh coigilteas pinsin slán, dea-bhainistithe agus intuigthe, agus ina spreagfar coigilteas pinsin. Leagtar amach i Ráiteas Straitéise 2016-2020 an Údaráis na ceithre chuspóir straitéiseacha atá ag an eagraíocht chun a fís a chur i gcrích, mar seo a leanas:

1. Déanfaidh an tÚdarás monatóireacht agus maoirseacht ar scéimeanna pinsin ceirde agus ar PRSAnna lena chinntiú go leanfaidh iontaobhaithe, soláthraithe agus riarthóirí inniúla ar aghaidh á mbainistiú go maith.

2. Féadfaidh iontaobhaithe scéime, tionscal na bpinsean agus fostóirí brath ar an Údarás chun treoir agus tacaíocht a chur ar fáil faoina bhfuil an tÚdarás ag súil leis.

3. Tuigfidh an pobal, comhaltaí, rannpháirtithe agus tairbhithe go maith gur foinse inrochtana, ábhartha agus praiticiúil eolais é an tÚdarás.

4. Beidh an tÚdarás ina fhoinse luachmhar ag an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí maidir le comhairle, saineolas, faisnéis agus tacaíocht theicniúil faoi chúrsaí pinsin.

Tá roinn straitéisí glactha ag an Údarás chun na cuspóirí sin a chur i gcrích, lena gcuimsítear:

• cur chuige réamhghníomhach feiceálach chun dul i ngleic leis an neamhchomhlíonadh

• cur chuige praiticiúil i leith an tsoláthair faisnéise agus treorach ina ndírítear ar an inrochtaineacht, doiciméid ar an dea-chleachtas, agus cóid chleachtais

• seirbhís fiosrúcháin ar ardchaighdeán ina dtugtar aghaidh ar ábhair imní agus ar cheisteanna atá faoinár sainchúram reachtúil a n-aithníonn páirtithe leasmhara iad

• treoirphlean cuimsitheach le haghaidh struchtúr pinsean, a bheidh bunaithe ar ár bhfís, agus a chuirfidh eolas ar fáil don phlé beartais a bheidh ar siúl ag an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí.

Leagtar amach sa tuarascáil bhliantúil na gníomhaíochtaí a rinne an tÚdarás in 2019 chun na cuspóirí sin a bhaint amach.

Ordlathas na dtosaíochtaí ó thaobh riosca de

Lena áirithiú go bhfuil a chleachtas rialála éifeachtach agus go bhfuil gníomhaíochtaí dírithe ar na gnóthaí is tábhachtaí agus is éifeachtaí, glacann an tÚdarás le cur chuige maoirseachta atá bunaithe ar ordlathas tosaíochtaí riosca:

An 1ú tosaíocht: mídhílsiú sócmhainní nó ranníocaíochtaí pinsin

An 2ú tosaíocht: easpa rialachais nó drochriarachán agus tionchar aige ar shochair nó mainneachtain sochair dhlite a íoc

An 3ú tosaíocht: Sócmhainneacht scéimeanna le sochar sainithe

An 4ú tosaíocht: mainneachtain faisnéis fhorordaithe a sholáthar do chomhaltaí

An 5ú tosaíocht: teip ag aonáin rialáilte sonraí cruinne agus tráthúla a chur faoi bhráid an Údaráis.

Léiríonn an t-ord seo tromchúis na rioscaí agus ní an dóchúlacht go dtarlóidh siad. Cé gur ar bhunús na dtosaíochtaí sin a leagtar amach gníomhaíocht rialála ginearálta an Údaráis, cinnteoidh an eagraíocht freisin nach ndéanfar neamhaird d’aon réimse. Toisc go mbraitheann rialú ar chumas an Údaráis eolas iontaofa a fháil, bíonn an eagraíocht ag díriú go háirithe ar theipeanna faisnéis a sholáthar don Údarás atá riachtanach faoi Acht na bPinsean, lena n-áirítear oibleagáidí maidir le sceithireacht.

Tuairisciú éigeantach agus deonach/sceithireacht

Tá forálacha reachtúla, ar a dtugtar oibleagáidí sceithireachta, i bhfeidhm lena gcuirtear oibleagáid dhlíthiúil ar dhaoine sonraithe atá páirteach i bhfeidhmiú scéimeanna pinsin cheirde, RACanna agus PRSAnna Iontaobhais. Ní mór do na daoine sin tuairisc a thabhairt don Údarás má mheasann siad go ndearnadh calaois nó mí-leithghabháil ábhartha nó má mheasann siad go bhfuil baol ann go dtarlóidh a leithéid. Féadfaidh duine ar bith tuairisc dheonach a thabhairt ar chúrsaí a bhaineann le staid agus feidhmiú scéime, RAC Iontaobhais nó PRSA.

Déanann an tÚdarás iniúchadh ar thuairiscí ó sceithirí agus ar ghearáin nó líomhaintí tromchúiseacha eile le fáil amach céard a tharla. I gcás go n-aimsítear neamhchomhlíonadh, is é príomhaidhm an Údaráis comhlíonadh a chinntiú. Mar sin féin, bainfidh an tÚdarás leas as raon iomlán a chumhachtaí faoi Acht na bPinsean nuair is gá.

In 2019, rinne an tÚdarás Pinsean nuashonrú ar a threoir dóibh siúd a bhfuil amhras orthu nach bhfuil ranníocaíochtaí á n-íoc nó á gcur ar aghaidh ag fostóirí agus/nó iontaobhaithe. Tá an treoir agus an teimpléad nuashonraithe seo chun cabhrú le tuairisc a dhéanamh, ar fáil ar shuíomh gréasáin an Údaráis.

Ionchúisimh

Féadfar an dlí a chur ar aonáin rialáilte mar gheall ar neamhchomhlíonadh. Thug an tÚdarás naoi gcás ionchúiseamh chun críche in 2019 agus baineadh ciontú amach i dtrí chás mar seo a leanas:

• dhá chás a bhaineann le hasbhaint ranníocaíochtaí pinsin fostaithe nár íocadh isteach i scéimeanna laistigh den fhráma ama reachtúil (alt 58A(1) d’Acht na bPinsean)

• bhain cás amháin le mainneachtain freagairt ar iarratas reachtúil ar fhaisnéis ón Údarás (Alt 18 d’Acht na bPinsean).

Nuair a dhéantar ciontú a thaifeadadh fuarthas an duine nó an chuideachta ciontach i gcion coiriúil. Scriosadh amach na cásanna eile den chuid is mó mar gheall ar riaráistí a íoc nó toisc gur ceartaíodh an t-ábhar bunúsach roimh dháta na cúirte.

CUSPÓIRÍ AN ÚDARÁIS A BHAINT AMACH

6


Nochtuithe cosanta

Ní dhearnadh aon nochtadh don Údarás in 2019 ar measadh gur nochtadh cosanta a bhí ann de réir mar a leagtar amach san Acht um Nochtadh Cosanta.

Imscrúduithe

In 2019, chuir an tÚdarás tús le 55 imscrúdú nua ar sháruithe líomhnaithe éagsúla ar Acht na bPinsean. Is iomaí cineál sáraithe a bhí i gceist leis na sáruithe líomhnaithe seo, ó asbhaint ranníocaíochtaí gan iad a íoc isteach sa scéim go dtí teipeadh freagra a thabhairt ar iarratas reachtúil ar fhaisnéis. Dúnadh 63 chás in 2019 agus chuir an tÚdarás 17 dtuarascáil ar neamhchomhlíonadh ag aonáin éagsúla ar aghaidh le haghaidh ionchúisimh nó smachtbhanna.

Ní raibh ach líon beag teagmhas ba ghá imscrúdú a dhéanamh orthu maidir le hasbhaint ranníocaíochtaí agus íocaíochtaí nár íocadh le blianta beaga anuas.

Iniúchtaí comhlíonta

I rith na bliana rinne an tÚdarás 159 n-iniúchadh deasc-bhunaithe ar shampla d’aonáin rialáilte. Dhírigh na hiniúchtaí sin ar fhéininfheistíocht ag fostóirí (mar gheall ar mhoill ar ranníocaíochtaí a chur ar ais), oibleagáidí maidir le nochtadh agus cearta fostaithe rochtain a bheith acu ar PRSA in éagmais scéim pinsin bhunaithe.

I gcás ina n-aimsítear neamhchomhlíonadh i dtaca le hAcht na bPinsean, is é an phríomhaidhm a chinntiú go mbeidh an t-aonán rialáilte comhlíontach ina dhiaidh sin. Féadfaidh an tÚdarás breithniú a dhéanamh ar ghníomh forfheidhmiúcháin freisin.

Cigireachtaí ar an láthair ar RCanna agus soláthraithe PRSA

Déanann an tÚdarás measúnú ar leibhéil an chomhlíonta riaracháin le hAcht na bPinsean trí chigireachtaí ar an láthair a dhéanamh ar riarthóirí cláraithe (RC), iontaobhaithe gairmiúla agus soláthraithe PRSA. In 2019, rinne an tÚdarás cigireachtaí ar an láthair ar cheithre RC, trí sholáthraí PRSA agus soláthraí seirbhíse amháin ag gníomhú mar iontaobhaí gairmiúil agus RC.

I gcás ina n-aithnítear aon ábhar imní, comhaontaítear plean chun an fhadhb a réiteach chun sástacht an Údaráis. Féadfaidh an tÚdarás breithniú a dhéanamh ar ghníomh forfheidhmiúcháin freisin.

Próiseas bliantúil athnuachana RC

Fuair an tÚdarás 117 n-iarratas ar athnuachan RC in 2019. Rinneadh 115 chlárú a athnuachan. Bhí iarratas amháin neamhiomlán agus rinne an RC iarratas ar cheadú ina dhiaidh sin chun a chlárú a fhoirceannadh. Sa chás eile, cuireadh an athnuachan siar ar feitheamh thoradh an phróisis iniúchta.

Le linn 2019, rinne ocht RC iarratas ar a gclárú RC a fhoirceannadh agus tugadh cead dóibh.

Maoiniú scéimeanna le sochar sainithe

Ag deireadh 2019, bhí 597 scéim le sochar sainithe ann a bhí faoi réir an chaighdeáin maoinithe. Astu seo, shásaigh 503 scéim an caighdeán maoinithe. Maidir leis na 94 scéim atá fágtha, tá tograí maoinithe curtha ar bun acu go léir seachas seacht gcinn díobh, nó tá siad i mbun tograí maoinithe a chur isteach, arna ndearadh chun a chumasú don scéim an caighdeán maoinithe a shásamh laistigh de théarma sonraithe. Tá an tÚdarás i mbun idirphlé le hiontaobhaithe na seacht scéim eile.

Cheadaigh an tÚdarás ceithre thogra maoinithe in 2019 agus cheadaigh sé iarratas amháin ó scéim le sochar sainithe chun sochair fhabhraithe a laghdú.

Údarú trasteorann

Le linn 2019, rinne ionadaithe de chuid an Údaráis teagmháil fosta leis an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí (RGFCS), le Rialtóir Pinsean na Ríochta Aontaithe agus leis an Department of Work and Pensions sa Ríocht Aontaithe chun impleachtaí an Bhreatimeachta do scéimeanna trasteorann de chuid na Ríochta Aontaithe agus na hÉireann a mheasúnú.

Aighneachtaí PRSA

In 2019, d'fhaomh an tÚdarás, i gcomhair leis na Coimisinéirí Ioncaim táirge PRSA amháin i leith soláthraí nua PRSA. D'aistrigh dhá sholáthraí PRSA a bhfuil sainchónaí orthu sa Ríocht Aontaithe a ngnó go cuideachtaí Éireannacha. Athcheadaíodh na soláthraithe PRSA sin mar aonáin nua le 28 táirge PRSA tarraingthe siar agus athcheadaithe le linn 2019. Próiseáladh 40 leasú freisin ar tháirgí reatha i gcaitheamh na bliana. Bhain na leasuithe sin le hathruithe ar struchtúr gearrtha táillí nó cistí a chur le táirge PRSA nó iad a bhaint uaidh.

Deimhnithe achtúireachta PRSA agus tuairiscí bliantúla PRSA

Ní raibh aon samplaí suntasacha de neamhchomhlíonadh sainaitheanta ag achtúirí PRSA in 2019. Scrúdaigh an tÚdarás gach mionsampla de neamhchomhlíonadh a thuairiscigh achtúirí PRSA agus pléadh iad leis an soláthraí bainteach PRSA, nuair ba ghá.

Tacaíocht theicniúil

In 2019, lean an tÚdarás de thacaíocht theicniúil a sholáthar don Aire Gnóthaí Fostaíochta agus Coimirce Sóisialaí agus dá Roinn agus do ranna agus gníomhaireachtaí eile an rialtais maidir le cúrsaí pinsin.

Lean an tÚdarás ar aghaidh ag obair ar thograí mionsonraithe cur chun feidhme a fhorbairt in 2019 chun Treoir IORP II a thrasuí mar aon le gnéithe ábhartha den Treochlár um Athchóiriú Pinsean. Áiríodh ar na nithe sin:

• córas maoirseachta riosca-bhunaithe réamhbhreathnaitheach a fhorbairt

• córas aclaíochta agus ionracais d’iontaobhaithe agus do shealbhóirí príomhfheidhmeanna

7


• caighdeáin rialachais nua lena sonraítear struchtúir rialachais agus bainistíochta iomchuí

• roghanna le haghaidh líon na meán pinsin aonair a chuíchóiriú atá ann faoi láthair

• creat rialála a fhorbairt le haghaidh oll-iontaobhas

• próiseas údaraithe le haghaidh scéimeanna nua agus cinn atá ann cheana.

Rannchuidíonn an tÚdarás leis an obair a bhaineann le pinsin in eagraíochtaí idirnáisiúnta trí fhreastal ar chruinnithe meithle nó sonraí cainníochtúla agus cáilíochtúla a chur ar fáil.

Áirítear leis na heagrais seo:

• An tÚdarás Eorpach um Árachas agus Pinsin Cheirde (EIOPA)

• Eagraíocht Idirnáisiúnta na Maoirseoirí Pinsean (IOPS)

• An Eagraíocht um Chomhar agus Fhorbairt Eacnamaíochta (ECFE) - Meitheal Oibre um Phinsin Phríobháideacha

• An Coimisiún Eorpach

• An Banc Ceannais Eorpach (BCE)

• Údarás Urrúis agus Margaí na hEorpa - Tascfhórsa ar Urrúsú

Thug an tÚdarás freagra ar 140 ceist idirnáisiúnta in 2019, chomhlánaigh sé 17 suirbhé/gceistneoir idirnáisiúnta agus chomhlíon sé riachtanais tuairiscithe sonraí Thuarascáil Cobhsaíochta Airgeadais an Earraigh agus an Fhómhair de chuid EIOPA.

Tuairisciú sonraí faoi phinsin

Thug an EIOPA agus an BCE na riachtanais tuairiscithe do scéimeanna pinsin isteach. Beidh an tÚdarás ag tuairisciú ar shonraí EIOPA agus beidh Banc Ceannais na hÉireann ag tuairisciú ar shonraí atá de dhíth ar BCE.

Cinntí

Faoi Acht na bPinsean, tá an chumhacht ag an Údarás in imthosca áirithe cinntí atá ina gceangal de réir an dlí a dhéanamh ar iarratas ó pháirtithe áirithe. Leis na cinntí sin, déantar iontaobhaithe scéimeanna a éascú sochair na mball iarchurtha a aistriú chuig socruithe eile nó chun ligean don Údarás iontaobhaí a cheapadh in ionad an iontaobhaí atá ann in imthosca áirithe. D’eisigh an tÚdarás cinneadh reachtúil amháin faoi alt 64 in 2019.

Forbairt polasaí agus taighde

Mar chomhalta den Ghrúpa Athchóirithe agus Cánachais Idir-rannach, chuir an tÚdarás le breithnithe agus le tograí chun pinsin a shimpliú. Bhí ionchur ag an Údarás freisin i bPlean Gnímh don Aeráid an Rialtais i mí an Mheithimh 2019, maidir le nochtadh níos mó ag soláthraithe pinsin ar chion na sócmhainní breosla iontaise i gcistí pinsin.

Chuaigh an tÚdarás i dteagmháil le hachtúirí, leis an tionscal, le lucht acadúil agus le rialtóirí eile chun tuiscint a fháil ar impleachtaí airgeadais inbhuanaithe agus fachtóirí Comhshaoil, Sóisialta agus Rialachais (ESG) d’earnáil na bpinsean.

Chuir an tÚdarás clár taighde i gcrích leis an ESRI a chuimsigh dhá shruth oibre: rinneadh scrúdú ar chur i bhfeidhm féideartha léargas ó eacnamaíocht iompraíochta ar dhoiciméid nochta leis an gcéad cheann; bailíodh faisnéis a bhaineann le hioncam agus caiteachas pinsean ó shonraí TILDA leis an dara ceann.

Tacaíocht, faisnéis agus treoir

Tacaíonn an tÚdarás le hiontaobhaithe, riarthóirí, fostaithe agus comhairleoirí le faisnéis agus le treoir chun cabhrú leo a n-oibleagáidí faoi Acht na bPinsean a thuiscint agus a chomhlíonadh. I gcaitheamh na bliana, d’eisigh an tÚdarás faisnéis agus cumarsáid a bhaineann lena aonáin rialáilte ar a shuíomh gréasáin.

Fuarthas 9,800 ceist ghinearálta maidir le cúrsaí pinsin agus próiseáil sonraí i gcaitheamh na bliana, agus pléadh leo. Is ó bhaill scéime a tháinig tromlach na gceisteanna ginearálta agus bhain siad leis na Rialacháin maidir le Nochtadh Faisnéise. Bhain na ceisteanna faoi shonraí le sonraí arna gcur isteach ag aonáin rialáilte. D'fhreagair an tÚdarás do gach fiosrú de réir Chairt Custaiméirí an Údaráis agus ní bhfuarthas aon ghearán maidir le fiosruithe.

Soláthraíonn an tÚdarás raon cuimsitheach faisnéise agus treorach saor in aisce ar a shuíomh gréasáin. I gcaitheamh na bliana, d’fhreastail an tÚdarás ar imeachtaí poiblí agus rinne sé cur i láthair ann agus dhéileáil sé le fiosrúcháin dhíreacha ó na meáin ar shaincheisteanna pinsin.

Fiosrúcháin ó Chomhaltaí an Oireachtais

Soláthraíonn an tÚdarás seoladh ríomhphoist tiomanta le haghaidh fiosrúchán [email protected] do chomhaltaí an Oireachtais ag iarraidh faisnéise maidir le cúrsaí pinsin nó maidir le hobair an Údaráis. Phléigh an tÚdarás le dhá fhiosrúchán ó chomhaltaí an Oireachtais in 2019.

Sholáthair an tÚdarás faisnéis freisin do RGFCS mar fhreagairt ar 12 Cheist Pharlaiminte le linn 2019.

Saoráil faisnéise

Chuir an tÚdarás cúig iarratas ar shaoráil faisnéise chun críche in 2019 laistigh de na spriocdhátaí reachtúla.

Cosaint sonraí

Comhlíonann an tÚdarás oibleagáidí na Riachtanas Ginearálta maidir le Cosaint Sonraí (RGCS). Cheap an tÚdarás an Ceann Oibríochtaí mar an Oifigeach Cosanta Sonraí. I gcaitheamh 2019, lean an tÚdarás dá chuid oibre ar chlár oideachais d'fhostaithe agus cothú feasachta ar chosaint sonraí agus bainistíocht taifead i ngach cuid den eagras.

8


Ní raibh aon tuairisc ar shárú sonraí le déanamh ag an Údarás leis an gCoimisiún um Chosaint Sonraí in 2019.

Fuair an tÚdarás dhá iarratas ar shonraí pearsanta ón duine ab ábhar dóibh ar an iomlán le linn 2019.

Oifig bainistíochta clár

Bunaíodh Oifig Bainistíochta Cláir (PMO) in 2019 chun creat iomchuí a shainiú agus a mhaoirsiú chun bainistíocht a dhéanamh ar obair thionscadail uile an Údaráis. Is tionscadail chasta ilbhlianta iad go leor de na tionscadail sin ina ndearna an tÚdarás infheistíocht airgeadais shuntasach chun a oibleagáidí maoirseachta a chomhlíonadh i dtimpeallacht tar éis IORP II.

Tá an PMO freagrach freisin as cumas bainistíochta athraithe a fhorbairt laistigh den eagraíocht lena chinntiú go gcuireann an eagraíocht a tionscadail straitéiseacha i bhfeidhm go héifeachtach.

Acmhainní daonna

Tá an tÚdarás tiomanta d’áit shábháilte oibre a chur ar fáil agus bíonn sé ag feidhmiú i gcomhréir leis an Acht um Shábháilteacht, Sláinte agus Leas ag an Obair. Trí phlean oiliúna agus forbartha foirne an Údaráis tacaítear leis an bhfís agus na cuspóirí de réir mar atá leagtha amach i Straitéis an Údaráis Pinsean 2016 - 2020. Díríonn an tÚdarás ar na daoine cearta a bheith san áit cheart agus na tacaíochtaí cearta a bheith acu.

Le linn 2019, rinne an tÚdarás 14 fheachtas earcaíochta ar leithligh. Eagraíodh breis agus 195 ghníomhaíocht oiliúna agus forbartha ar leithligh d'fhostaithe i gcaitheamh na bliana. Bhí a lán den ghníomhaíocht oiliúna agus forbartha dírithe ar an gcóras nua maoirseachta riosca-bhunaithe atá beartaithe a thiocfaidh i ndiaidh thrasuí Threoir IORP II.

Comhionannas san earnáil phoiblí agus dualgas um chearta an duine

Tá an tÚdarás tiomanta do chinntiú go gcomhlíonfaimid ár ndualgais chun comhionannas a chur chun cinn, leithcheal a chosc agus cearta daonna fostaithe, custaiméirí agus úsáideoirí seirbhíse a chosaint mar a éilítear i nDualgas Comhionannais agus Chearta Daonna na hEarnála Poiblí (faoi Alt 42 den Acht um Chearta an Duine agus Comhionannas 2014).

Is fostóir comhionannas deiseanna é an tÚdarás. Tá mionsonraí ar bheartais agus nósanna imeachta maidir le caidreamh fostaithe le fáil i Lámhleabhar d’Fhostaithe an Údaráis, lena n-áirítear beartais maidir le dínit agus meas sa láthair oibre, bulaíocht agus ciapadh.

Íocaíochtaí prasa

Feidhmíonn an tÚdarás beartas íocaíochta praise 15 lá i gcomhréir le Cinneadh S29296 a ghlac an Rialtas i Márta 2011. Foilsíonn an tÚdarás a thuarascálacha ráithiúla maidir le híocaíochtaí prasa ar a shuíomh gréasáin.

Úsáid fuinnimh agus tionscnaimh ghlasa

B’ionann an méid iomlán fuinnimh a d’úsáid an tÚdarás in 2019 agus 219,761 cileavatuair leictreachais. In 2019, d’éirigh an tÚdarás as plaisteach aonúsáide a úsáid amhail cupáin agus sceanra, nuashonraíodh sé comharthaíocht inmheánach chun rátaí athchúrsála a fheabhsú agus chloígh sé leis na treoirlínte maidir le soláthar poiblí glas. Leanann an tÚdarás dá chuid oibre ar éifeachtúlachtaí fuinnimh a thabhairt isteach áit ar bith ar gá i ngach cuid den eagras.

9


An Coiste Iniúchóireachta agus Riosca

Tá an Coiste Iniúchóireachta agus Riosca (ARC) mar chuid den timpeallacht rialaithe laistigh den Údarás. Soláthraíonn an Coiste maoirseacht agus comhairle neamhspleách don Údarás ar chúrsaí lena n-áirítear oiriúnacht agus stóinseacht maidir le rialú inmheánach, bainistíocht riosca agus nósanna imeachta rialachais na heagraíochta mar aon le hiontaofacht maidir le tuairisciú airgeadais.

Tá an Coiste neamhspleách ar bhainistíocht airgeadais laethúil na heagraíochta, atá faoi dhualgas an Fheidhmeannais. Go háirithe, déanann an Coiste monatóireacht ar na córais rialaithe inmheánaigh, lena n-áirítear iniúchtaí gníomhacha agus neamhspleácha a dhéanamh.

Tar éis dheireadh gach bliana airgeadais, tugann an ARC tuairisc fhoirmiúil don Údarás ina dtugtar breac-chuntas ar a ghníomhaíochtaí i rith na bliana mar aon le cibé comhairle agus moltaí atá oiriúnach, dar leis.

Tá téarmaí tagartha an Choiste leagtha amach ina Chairt, a ndearna an tÚdarás í a nuashonrú agus a fhaomhadh i mí na Nollag 2019.

Ballraíocht an Choiste

Tá ceathrar comhaltaí ag an gCoiste, lena n-áirítear cathaoirleach neamhspleách, ball neamhspleách, ionadaí ón Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí agus ionadaí ón Roinn Airgeadais. Tá sceideal ballraíochta agus tinrimh maidir leis an gcúig chruinniú a bhí ag an gCoiste in 2019 leagtha amach thíos.

Cruinnithe an Choiste in 2019

Ainm Post Freastal

Bill Cunningham Cathaoirleach 5/5

Kevin BarronIonadaí na Roinne

Gnóthaí Fostaíochta agus Coimirce Sóisialaí

4/5

Michael RocheComhalta

neamhfheidhmiúcháin4/5

*Sean KinsellaIonadaí na Roinne

Airgeadais1/2

*Brendan O’LearyIonadaí na Roinne

Airgeadais1/2

* Bhí Sean Kinsella ar saoire ón Roinn Airgeadais le héifeacht ó mhí Iúil 2019. Ceapadh Brendan O’Leary mar ionadaí na Roinne Airgeadais le héifeacht ón 4 Samhain 2019.

Obair an Choiste in 2019

Rinne an Coiste, agus riachtanais a fheidhm chomhairleach á gcomhlíonadh aige, measúnú ar fheidhmiú phríomhghnéithe na gcóras rialaithe inmheánaigh atá i bhfeidhm san Údarás in 2019.

Rinne an Coiste athbhreithniú ar bheartais agus ar chleachtais bainistíochta riosca an Údaráis agus rinne sé athbhreithniú ráithiúil ar chlár riosca an Údaráis agus thug sé aiseolas don Údarás ar a athbhreithniú ráithiúil ar an gclár riosca. Bhí an Coiste sásta go raibh an próiseas chun príomhrioscaí a aithint, a mheas agus aghaidh a thabhairt orthu láidir go leor chun a chinntiú go raibh córas éifeachtach bainistíochta riosca i bhfeidhm san Údarás in 2019.

Cuimsíodh na nithe a leanas sa chlár iniúchta inmheánaigh le linn 2019:

• athbhreithniú ar bhainistíocht riosca san Údarás

• athbhreithniú ardleibhéil ar éifeachtacht na rialuithe inmheánacha.

Rinne an ARC athbhreithniú ar thorthaí an iniúchta agus rinne sé monatóireacht ar chur i bhfeidhm mholtaí an iniúchta ag an bhFeidhmeannas le linn 2019.

Ba é an tArd-Reachtaire Cuntas agus Ciste (C&AG) a rinne an t-iniúchadh seachtrach in mí an Mhárta 2019. D'eisigh an C&AG tuairisc neamhcháilithe i leith chuntais 2018 an Údaráis. Bhreithnigh an Coiste torthaí iniúchadh bliantúil C&AG agus phléigh siad iad leis an C&AG. Rinne an Coiste monatóireacht ar an gcaoi ar chuir an Feidhmeannas moltaí an iniúchta chun feidhme le linn 2019.

Rialachas corparáideach

Thug an Coiste tuairisc don Údarás tar éis gach ceann dá chruinnithe in 2019. Chomhlíon an Coiste a oibleagáidí faoin gCód Cleachtais um Rialachas Comhlachtaí Stáit in 2019. Mar a éilítear leis an gCód, rinne an Coiste féinmheasúnú ar a fheidhmíocht féin in 2019. Bhí toradh an fhéinmheasúnaithe dearfach. Chuir Cathaoirleach an Údaráis a shástacht le feidhmíocht an Choiste agus Chathaoirleach an Choiste in iúl ina athbhreithniú, a rinneadh an 10 Nollaig 2019.

Tátal

Tá an Coiste sásta go bhfuil córas daingean rialaithe inmheánaigh agus bainistíochta airgeadais curtha ar bun san Údarás. Tá sé sásta chomh maith go bhfuil córas iomchuí i bhfeidhm le haghaidh bainistíocht riosca éifeachtach san Údarás.

Foilsítear tuarascáil bhliantúil an Choiste ar shuíomh gréasáin an Údaráis.

An tUasal Bill CunninghamCathaoirleach

Márta 2020

COISTE AN ÚDARÁIS

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TUARASCÁIL AN ARD-REACHTAIRE CUNTAS AGUS CISTE, LE CUR OS COMHAIR THITHE AN OIREACHTAIS

Tuairim ar na ráitis airgeadais

Tá iniúchadh déanta agam ar ráitis airgeadais an Údaráis Pinsean don bhliain dar críoch an 31 Nollaig 2019 mar a éilítear de réir fhorálacha Alt 22 d'Acht na bPinsean, 1990. Tá sna ráitis airgeadais:

• ráiteas ar ioncam agus caiteachas agus ar chúlchistí ioncaim coinnithe

• ráiteas ar ioncam cuimsitheach

• ráiteas ar staid an airgeadais

• ráiteas ar shreafaí airgid thirim agus

• na nótaí gaolmhara, lena n-áirítear achoimre ar bheartais shuntasacha chuntasaíochta.

I mo thuairim féin, tugtar léargas fírinneach agus cóir leis na ráitis airgeadais ar shócmhainní, dliteanais agus staid airgeadais an Údaráis Pinsean amhail an 31 Nollaig 2019 agus ar a ioncam agus a chaiteachas don bhliain 2019 de réir an Chaighdeáin um Thuairisciú Airgeadais (FRS) 102 — An Caighdeán um Thuairisciú Airgeadais is infheidhme san RA agus i bPoblacht na hÉireann.

Bunús leis an tuairim

Rinne mé an t-iniúchadh de mo chuid ar na ráitis airgeadais de réir na gCaighdeán Idirnáisiúnta Iniúchóireachta (ISAnna) arna bhfógairt ag an Eagraíocht Idirnáisiúnta Uasfhoras Iniúchóireachta. Cuirtear síos ar mo chuid freagrachtaí faoi na caighdeáin sin san aguisín leis an tuarascáil seo. Tá mé neamhspleách ar an Údarás Pinsean agus tá mo chuid freagrachtaí eiticiúla eile comhlíonta agam de réir na gcaighdeán.

Creidim go bhfuil an fhianaise iniúchta a fuair mé imleor agus iomchuí chun bunús a sholáthar le mo thuairim.

Tuarascáil ar fhaisnéis seachas na ráitis airgeadais, agus ar chúrsaí eile

Chuir an tÚdarás Pinsean faisnéis áirithe eile i láthair in éineacht leis na ráitis airgeadais. Cuimsítear leis an bhfaisnéis sin an tuarascáil bhliantúil, an ráiteas um rialachas agus tuarascáil chomhaltaí an Údaráis, agus an ráiteas maidir le rialú inmheánach. Cuirtear síos ar mo chuid freagrachtaí chun tuairisciú ar fhaisnéis den sórt sin, agus ar ábhair áirithe eile ar a ndéanaim tuairisc de réir eisceachta, san aguisín leis an tuarascáil seo.

Níl aon rud le tuairisciú agam maidir leis sin.

Ard Reachtaire Cuntas agus Ciste Comptroller and Auditor General

Report for presentation to the Houses of the Oireachtas

Pensions Authority

Opinion on the financial statements I have audited the financial statements of the Pensions Authority for the year ended 31 December 2019 as required under the provisions of section 22 of the Pensions Act 1990. The financial statements comprise

the statement of income and expenditure and retained revenue reserves

the statement of comprehensive income

the statement of financial position

the statement of cash flows and

the related notes, including a summary of significant accounting policies.


Basis of opinion I conducted my audit of the financial statements in accordance with the International Standards on Auditing (ISAs) as promulgated by the International Organisation of Supreme Audit Institutions. My responsibilities under those standards are described in the appendix to this report. I am independent of the Pensions Authority and have fulfilled my other ethical responsibilities in accordance with the standards.


Report on information other than the financial statements, and on other matters The Pensions Authority has presented certain other information together with the financial statements. This comprises the annual report, the governance statement and Authority members’ report, and the statement on internal control. My responsibilities to report in relation to such information, and on certain other matters upon which I report by exception, are described in the appendix to this report.



30 June 2020

John Crean Ar son agus thar ceann an Ard-Reachtaire Cuntas agus Ciste

An 30 Meitheamh 2020

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AGUISÍN LEIS AN TUARASCÁIL

Freagrachtaí chomhaltaí an Údaráis

Mar a shonraítear sa ráiteas rialachais agus i dtuarascáil na gcomhaltaí, tá comhaltaí an Údaráis freagrach as:

• ráitis airgeadais a ullmhú san fhoirm atá leagtha síos faoi alt 22 d'Acht na bPinsean 1990

• chun a chinntiú go dtugtar léargas fírinneach agus cóir leis na ráitis airgeadais de réir FRS102

• rialtacht na n-idirbheart a chinntiú

• measúnú maidir le cé acu an bhfuil nó nach bhfuil úsáid bhonn an ghnóthas leantaigh de chuntasaíocht iomchuí, agus

• a leithéid de rialú inmheánach agus a mheasann siad riachtanach chun ullmhú na ráiteas airgeadais a chumasú atá saor ó mhíshonrú ábhartha, bíodh nó ná bíodh mar gheall ar chalaois nó earráid.

Freagrachtaí an Ard-Reachtaire Cuntas agus Ciste

Éilítear orm faoi alt 22 d'Acht na bPinsean 1990 iniúchadh a dhéanamh ar ráitis airgeadais an Údaráis Pinsean agus tuairisciú orthu siúd do Thithe an Oireachtais.

Is é an chuspóir atá agam agus an t-iniúchadh á dhéanamh dearbhú réasúnta a fháil maidir le cé acu an bhfuil nó nach bhfuil na ráitis airgeadais ina n-iomláine saor ó mhíshonrú ábhartha mar gheall ar chalaois nó earráid. Is ionann dearbhú réasúnta agus ardleibhéal dearbhaithe, ach ní hionann é agus ráthaíocht go mbraithfear míshonrú ábhartha i gcónaí nuair a bhíonn sé ann tar éis iniúchadh a dhéanamh de réir na gCaighdeán Idirnáisiúnta Iniúchóireachta (ISAnna). Féadtar míshonruithe tarlú ó chalaois nó earráid agus meastar ábhartha iad, ina n-aonar nó ina gcomhiomlán, dá mbeifí ag súil go réasúnta go mbeadh tionchar acu ar chinntí eacnamaíocha úsáideoirí arna ndéanamh ar bhonn na ráiteas airgeadais seo.

Mar chuid den iniúchadh agus de réir na ISAnna, úsáidim breithiúnas gairmiúil agus déanaim sceipteachas gairmiúil a choimeád i rith an iniúchta. Agus sin á dhéanamh agam:

• Sainaithním agus déanaim measúnú ar rioscaí de mhíshonrú ábhartha na ráiteas airgeadais cé acu mar gheall ar chalaois nó earráid; déanaim nósanna imeachta a dhearadh agus a chur chun feidhme atá freagrúil do na rioscaí sin; agus faighim fianaise iniúchta atá imleor agus iomchuí chun bunús a thabhairt le mo thuairim. Tá an riosca nach mbraitear míshonrú ábhartha mar thoradh ar chalaois níos airde ná an riosca de mhíshonrú mar thoradh ar earráid, mar d'fhéadfadh claonpháirteachas, brionnú, easnaimh intinniúla, mífhaisnéis, nó gabháil treise ar rialú inmheánach a bheith i gceist.

• Faighim tuiscint ar rialú inmheánach atá ábhartha don iniúchadh d'fhonn nósanna imeachta a dhearadh atá iomchuí sna himthosca, ach ní chun críocha tuairim a léiriú ar éifeachtacht na rialuithe inmheánacha.

• Déanaim measúnú ar oiriúnacht na mbeartas cuntasaíochta arna n-úsáid agus ar réasúntacht na meastachán cuntasaíochta agus nochtuithe gaolmhara.

• Bainim de thátal as oiriúnacht úsáid bhonn an ghnóthais leantaigh de chuntasaíocht agus, bunaithe ar fhianaise

an iniúchta a fhaightear, cé acu an bhfuil nó nach bhfuil neamhchinnteacht ábhartha ann a bhaineann le himeachtaí nó dálaí lena bhféadfaí amhras suntasach a chur i gcumas an Údaráis Pinsean leanúint mar ghnóthas leantach. Má bhainim de thátal as go bhfuil neamhchinnteacht ábhartha ann, éilítear orm aird a tharraingt i mo thuarascáil ar na nochtuithe gaolmhara sna ráitis airgeadais nó, mura bhfuil a leithéid de nochtuithe imleor, mo thuairim a mhionathrú. Tá mo chuid tátal bunaithe ar fhianaise iniúchta a fuarthas suas go dtí dáta mo thuarascála. D'fhéadfadh imeachtaí nó dálaí amach anseo, áfach, a bheith ina gcúis le scor an Údaráis Pinsean de leanúint mar ghnóthas leantach.

• Déanaim measúnú ar chur i láthair, struchtúr agus inneachar foriomlán na ráiteas airgeadais, lena n-áirítear na nochtuithe, agus cibé an léirítear na hidirbhearta agus imeachtaí bunúsacha leis na ráitis airgeadais ar bhealach lena mbaintear cur i láthair chothrom amach.

Déanaim cumarsáid leo siúd a bhfuil rialachas mar thasc acu maidir le raon feidhme agus uainiú beartaithe an iniúchta agus torthaí suntasacha an iniúchta, i measc ábhair eile, lena n-áirítear aon easnaimh shuntasacha sa rialú inmheánach a shainaithním le linn m'iniúchta.

Faisnéis seachas na ráitis airgeadais

Ní chlúdaítear faisnéis eile arna cur i láthair leis na ráitis airgeadais le mo thuairim ar na ráitis sin, agus ní léirím aon fhoirm de thátal dearbhaithe ina leith.

I dtaca leis m'iniúchadh ar na ráitis airgeadais, éilítear orm faoi na ISAnna an fhaisnéis eile arna cur i láthair a léamh agus, trí sin a dhéanamh, machnamh a dhéanamh maidir le cé acu an bhfuil nó nach bhfuil an fhaisnéis eile ar neamhréir go hábhartha leis na ráitis airgeadais nó le heolas arna fháil le linn an iniúchta, nó má tá an cuma air go bhfuil an fhaisnéis míshonraithe go hábhartha. Má bhainim de thátal as, bunaithe ar an obair atá curtha chun feidhme agam, go bhfuil an fhaisnéis eile sin míshonraithe go hábhartha, éilítear orm an fhíric sin a thuairisciú.

Tuairisciú ar nithe eile

Déantar m'iniúchadh trí thagairt do na gnéithe speisialta a bhaineann le comhlachtaí Stáit ó thaobh a mbainistithe agus a bhfeidhmithe de. Tuairiscím má aithním gnóthaí ábhartha a bhaineann leis an mbealach a ndearnadh gnó poiblí.

Déanaim iarracht fianaise a fháil faoi rialtacht na n-idirbheart airgeadais i rith an iniúchta. Tuairiscím má aithním aon chás ábhartha nuair nár cuireadh airgead poiblí i bhfeidhm le haghaidh na críche beartaithe nó nuair nár chloígh na hidirbhearta leis na húdaráis a rialaíonn iad.

Tuairiscím de réir eisceachta más rud é, i mo thuairim:

• nach bhfuair mé gach faisnéis agus míniúchán a theastaigh uaim i dtaca le m'iniúchadh, nó

• nach raibh taifid chuntasaíochta na Cuideachta imleor le cur ar ár gcumas na ráitis airgeadais a iniúchadh i gceart, gan bhac, nó

• nach bhfuil na ráitis airgeadais ar aon dul leis na taifid chuntasaíochta.

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RÁITEAS UM RIALACHAS AGUS TUARASCÁIL CHOMHALTAÍ AN ÚDARÁIS

Rialachas

Comhlacht reachtúil is ea an tÚdarás Pinsean a cuireadh ar bun de bhun Acht na bPinsean, 1990. Tá feidhmeanna an Údaráis leagtha amach in alt 10 den Acht sin. Tá an tÚdarás freagrach don Aire Gnóthaí Fostaíochta agus Coimirce Sóisialaí. Tá an tÚdarás freagrach as dea-rialachas a chinntiú laistigh den eagraíocht agus feidhmíonn sé an tasc sin trí chuspóirí agus spriocanna straitéiseacha a chomhaontú leis an bhFeidhmeannas agus trí chinntí straitéiseacha a dhéanamh maidir le gach saincheist ghnó phríomhúil. Ní mór don Rialtóir Pinsean agus an fhoireann bhainistíochta sinsearaí an treo straitéiseach leathan a leanúint arna chomhaontú leis an Údarás, agus ní mór dóibh a chinntiú go mbíonn tuiscint shoiléir ag comhaltaí uile an Údaráis ar na príomhghníomhaíochtaí agus príomhchinntí a bhaineann leis an aonán, agus ar aon rioscaí suntasacha a d'fhéadfadh teacht chun cinn.

Freagrachtaí an Údaráis

Tá an tÚdarás freagrach go comhchoiteann as gníomhaíochtaí an Údaráis a threorú agus a stiúradh. Déanann sé freagracht oibríochtúil a tharmligean as reáchtáil laethúil an Údaráis don Rialtóir Pinsean agus don Fheidhmeannas. Ní scaoileann a leithéid de tharmligeann an tÚdarás ón dualgas chun maoirseacht a dhéanamh ar chomhlíonadh na bhfeidhmeanna tarmligthe. Tá an tÚdarás freagrach as príomhfheidhmeanna a chomhlíonadh, lena n-áirítear: an treo straitéiseach agus pleananna gníomhaíochta móra a athbhreithniú agus a threorú, beartais agus nósanna imeachta bainistíochta riosca, buiséid bhliantúla agus pleananna gnó, cuspóirí feidhmíochta a shocrú, monatóireacht ar chur chun feidhme agus ar fheidhmíocht an Údaráis, agus maoirseacht ar mhór-chaiteachas caipitiúil agus cinntí infheistíochta.

I measc na mbuan-mhíreanna a bhreithníonn an tÚdarás ag na cruinnithe dá chuid tá:

• coinbhleachtaí leasa

• riosca

• an tuarascáil ón gCoiste Iniúchóireachta agus Riosca (agus tuairisciú airgeadais san áireamh)

• Tuarascáil an Rialtóra Pinsean

• cinntí forfheidhmithe agus rialála.

Éilíonn Alt 22 d'Acht na bPinsean 1990 ar an Údarás gach gnáthchuntas cuí ar airgead a fhaigheann sé agus a chaitheann sé, a choinneáil i cibé foirm a ordóidh an tAire Gnóthaí Fostaíochta agus Coimirce Sóisialaí, le toiliú an Aire Airgeadais.

Agus na ráitis airgeadais seo á n-ullmhú aige, ní mór don Údarás na nithe a leanas a dhéanamh faoin gCód Cleachtais um Rialachas Comhlachtaí Stáit (2016):

• beartais chuntasaíochta chuí a roghnú agus iad a chur i bhfeidhm go comhsheasmhach

• breithiúnais agus meastacháin a dhéanamh atá réasúnta agus stuama

• na ráitis airgeadais a ullmhú bunaithe ar an mbonn gnóthais leantaigh ach amháin má bhíonn sé míchuí talamh slán a dhéanamh de go leanfaidh sé ag feidhmiú

• sonrú cé acu ar leanadh nó nár leanadh caighdeáin chuntasaíochta infheidhme, faoi réir ag aon imeachtaí ábhartha arna nochtadh agus arna míniú sna ráitis airgeadais.

Ní mór don Údarás taifid chuntasaíochta chuí a choimeád, a nochtann staid airgeadais an Údaráis ag aon am le cruinneas réasúnta, agus a chuireann ar a chumas a chinntiú go gcomhlíonann na ráitis airgeadais alt 22 d’Acht na bPinsean, 1990, arna leasú. Tá comhaltaí an Údaráis freagrach as coinneáil agus sláine na faisnéise corparáidí agus airgeadais atá ar láithreán gréasáin an Údaráis.

Tá an tÚdarás freagrach as an bplean bliantúil agus as an mbuiséad bliantúil a fhaomhadh. Rinneadh measúnú ar fheidhmíocht an Údaráis trí thagairt don phlean bliantúil ag cruinniú den Údarás an 21 Eanáir 2020. Rinneadh an t-athbhreithniú ar an mbuiséad bliantúil an 21 Eanáir 2020.

Tá an tÚdarás freagrach as moladh bliantúil a thabhairt don Aire Gnóthaí Fostaíochta agus Coimirce Sóisialaí maidir le táillí PRSA agus scéimeanna pinsean ceirde.

Bíonn an tÚdarás freagrach chomh maith as sócmhainní an Údaráis a chosaint agus as céimeanna réasúnta a ghlacadh dá réir chun cosc a chur ar chalaois agus ar mhírialtachtaí eile agus chun teacht orthu más ann dóibh.

Measann an tÚdarás go dtugtar léargas fírinneach agus cóir le ráitis airgeadais an Údaráis ar fheidhmíocht airgeadais agus staid airgeadais an Údaráis amhail an 31 Nollaig 2019.

Struchtúr an Údaráis

Tá an tÚdarás comhdhéanta de chathaoirleach agus beirt gnáth-chomhalta, agus ceapann an tAire Gnóthaí Fostaíochta agus Coimirce Sóisialaí gach duine acu. Mairfidh ceapacháin don Údarás le haghaidh tréimhse suas le 5 bliana. Tá comhaltaí incháilithe le haghaidh athcheapacháin. Tagann comhaltaí an Údaráis le chéile beagnach gach sé seachtaine de réir sceideal cruinnithe arna chomhaontú ag tús gach bliana.

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Sonraítear sa tábla thíos dáta ceapacháin chomhaltaí an Údaráis in 2019:

Comhalta an Údaráis Ról Dáta Ceapacháin

David Begg CathaoirleachAn 12 Eanáir

2016

Gary TobinIonadaí

na Roinne AirgeadaisAn 22 Lúnasa

2017

Jacqui McCrumIonadaí na Roinne Gnóthaí

Fostaíochta agus Coimirce SóisialaíAn 21 Eanáir

2019

Rinneadh Athbhreithniú seachtrach ar Éifeachtacht an Bhoird i Ráithe 4 2019, agus rinne an Bord féinmheastóireacht freisin mar chuid den phróiseas sin. Níor aithníodh aon cheist ar gá gníomhú ina leith.

Sceideal tinrimh, táillí agus costais

Tá sceideal tinrimh ag cruinnithe an Údaráis le haghaidh 2019 leagtha amach thíos lena n-áirítear na táillí agus costais a fuair gach comhalta:

Cruinnithe an Údaráis 2019

Líon na gcruinnithe a tionóladh: 8

Ainm PostLíon na gcruinnithe ar

a bhfreastalaíodhTáillí 2019

€

Costais 2019 €

David Begg Cathaoirleach 8/8 20,520 0

Anne VaughanIonadaí an Aire Gnóthaí

Fostaíochta agus Coimirce Sóisialaí

7/8 0 0

Gary Tobin Ionadaí an Aire Airgeadais 5/8 0 0

An Coiste Iniúchóireachta agus Riosca

Bhunaigh an tÚdarás Coiste Iniúchóireachta agus Riosca (ARC) lena gcuimsítear triúr mar chomhaltaí agus cathaoirleach neamhspleách.

Is é ról an ARC comhairle neamhspleách a thabhairt don Údarás ar chúrsaí lena n-áirítear oiriúnacht agus stóinseacht maidir le rialú inmheánach, iniúchóireacht inmheánach, bainistíocht riosca agus nósanna imeachta na gcóras rialachais san eagraíocht mar aon le hiontaofacht maidir le tuairisciú airgeadais.

Tá an ARC neamhspleách ar bhainistíocht laethúil na heagraíochta ag an bhFeidhmeannas. Go háirithe, cinntíonn an ARC go ndéantar maoirseacht ghníomhach agus neamhspleách ar na córais rialaithe inmheánaigh agus gníomhaíochtaí iniúchóireachta san áireamh.

Tuairiscíonn an ARC don Údarás tar éis gach cruinnithe, agus ar bhonn foirmiúil i scríbhinn gach bliain.

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Ceithre chomhalta atá ag an ARC agus ag deireadh 2019, iad seo a leanas a bhí i gceist:

• An tUasal Bill Cunningham, Cathaoirleach

• An tUasal Michael Roche, comhalta neamhfheidhmiúcháin

• An tUasal Kevin Barron, ionadaí na Roinne Gnóthaí Fostaíochta agus Coimirce Sóisialaí

• An tUasal Brendan O’Leary, ionadaí na Roinne Airgeadais

Bhí cúig chruinniú ag an ARC in 2019.

Sceideal tinrimh, táillí agus costais

Tá sceideal tinrimh ag cruinnithe an ARC le haghaidh 2019 leagtha amach thíos, lena n-áirítear na táillí agus costais a fuair gach comhalta:

Cruinnithe an ARC 2019 Líon na gcruinnithe a tionóladh: 5

Ainm PostLíon na gcruinnithe ar a bhfreastalaíodh

Táillí 2019 €

Costais 2019 €

Bill Cunningham Cathaoirleach 5/5 2,012 0

Kevin Barron

Ionadaí na Roinne Gnóthaí Fostaíochta

agus Coimirce Sóisialaí

4/5 0 0

*Brendan O’LearyIonadaí

na Roinne Airgeadais

1/2 0 0

*Sean KinsellaIonadaí

na Roinne Airgeadais

1/2 0 0

Michael Roche Gnáthchomhalta 4/5 1,414 0

*Bhí Sean Kinsella ar saoire ón Roinn Airgeadais le héifeacht ó mhí Iúil 2019. Ceapadh Brendan O’Leary mar ionadaí na Roinne Airgeadais le héifeacht ón 4 Samhain 2019.

Ní bhfuair na comhaltaí a leanas aon táille ón Údarás ná ón ARC faoin bprionsabal 'Duine Amháin, Tuarastal Amháin':

• Jacqui McCrum

• Gary Tobin

• Kevin Barron

• Sean Kinsella

• Brendan O’Leary

Nochtuithe a éilítear leis an gCód Cleachtais um Rialachas Comhlachtaí Stáit (2016)

Tá an tÚdarás freagrach as a chinntiú go gcomhlíonann an eagraíocht na riachtanais faoin gCód Cleachtais um Rialachas Comhlachtaí Stáit (“an Cód”), mar atá foilsithe ag an Roinn Caiteachais Phoiblí agus Athchóirithe i Lúnasa 2016. Teastaíonn na nochtuithe a leanas faoin gCód:

Miondealú ar shochair ghearrthéarmacha fostaithe

Tá sonraí maidir le sochair ghearrthéarmacha fostaithe níos mó ná €60,000 agus costais thuarastail an phríomhphearsanra bainistíochta leagtha amach i nóta uimhir 3 sna ráitis airgeadais.

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Costais chomhairleachta

Cuimsítear le costais chomhairleachta costas na comhairle seachtraí don lucht bainistíochta agus ní áirítear feidhmeanna 'gnó mar is gnách' seachfhoinsithe leo.

2019€

2018€

Comhairle dhlí 211,685 81,779

Comhairle airgeadais/achtúireach 0 7,715

Caidreamh poiblí 0 0

Comhairleacht taighde 55,475 203,123

Acmhainní daonna 0 0

Feabhsú gnó 13,345 20,633

Eile 1 83,860 36,268

Costais chomhairleachta iomlána 364,365 349,518

2019€

2018€

Costais chomhairleachta arna gcaipitliú 0 22,117

Costais chomhairleachta a chuirtear chun dochar an Ráitis Ioncaim agus Caiteachais

agus Cúlchistí Ioncaim Coinnithe364,365 327,401

Iomlán 364,365 349,518

Costais dhlíthiúla agus socraíochtaí

Soláthraítear miondealú leis an tábla thíos ar mhéideanna a aithnítear mar chaiteachas sa tréimhse tuairiscithe maidir le costais dhlíthiúla, socraíochtaí agus imeachtaí idir-réitigh agus eadrána a bhaineann le conarthaí le tríú páirtithe. Níl caiteachas san áireamh leis sin a tabhaíodh maidir le comhairle ghinearálta arna fáil ag an Údarás atá nochta i gcostais chomhairleachta thuas.

2019€

2018€

Táillí dlíthiúla - imeachtaí dlíthiúla 14,122 11,279

Íocaíochtaí idir-réitigh agus eadrána 0 0

Socraíochtaí 0 0

Iomlán 14,122 11,279

1 Cuimsítear leis sin caiteachas tacaíochta um imscrúdú agus comhlíonadh.

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Caiteachas taistil agus cothaithe

Tá caiteachas taistil agus cothaithe catagóirithe mar a leanas:

2019€

2018€

Sa tír seo:

- Comhaltaí an Údaráis 0 0

- Fostaithe 871 1,320

Idirnáisiúnta:

- Comhaltaí an Údaráis 0 0

- Fostaithe 24,040 23,121

Iomlán 24,911 24,441

Caiteachas fáilteachais

Áirítear an caiteachas fáilteachais a leanas leis an gCuntas Ioncaim agus Caiteachais:

2019€

2018€

Fáilteachas d'fhostaithe 2 10,516 7,677

Fáilteachas do chliaint Caib. 118 114

Iomlán 10,634 7,791

Covid-19

Rinne an tÚdarás athbhreithniú ar thionchar Covid-19 ar a oibríochtaí agus a chúrsaí airgeadais. Cé go bhfuil roinnt neamhchinnteachtaí ann, go háirithe maidir le héifeacht na paindéime ar ioncam ó tháillí 2021, tá an tÚdarás muiníneach go mbeimid in ann leanúint ar aghaidh ag feidhmiú mar ghnóthas leantach go dtí deireadh mhí an Mheithimh 2021.

Ráiteas um chomhlíonadh

Ghlac an tÚdarás leis an gCód Cleachtais um Rialachas Comhlachtaí Stáit (2016) agus chuir sé nósanna imeachta i bhfeidhm chun comhlíonadh an Chóid a chinntiú. Chomhlíon an tÚdarás Pinsean an Cód Cleachtais um Rialachas Comhlachtaí Stáit le haghaidh 2019.

David Begg Brendan KennedyCathaoirleach An Rialtóir Pinsean

An 29 Meitheamh 2020 An 29 Meitheamh 2020

2 San áireamh leis sin tá ranníocaíocht le coiste sóisialta na foirne agus gníomhaíochtaí eile.

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RÁITEAS MAIDIR LE RIALÚ INMHEÁNACH

Freagracht as an gcóras rialaithe inmheánaigh

Aithnímse, thar ceann an Údaráis, go bhfuil sé de fhreagracht orainn a chinntiú go mbíonn córas éifeachtach rialaithe inmheánaigh airgeadais á choimeád agus á fheidhmiú. Tugtar na riachtanais faoin gCód Cleachtais um Rialachas Comhlachtaí Stáit (2016) san áireamh leis an bhfreagracht sin.

Cuspóir chóras an rialaithe inmheánaigh

Tá an córas rialaithe inmheánaigh deartha chun riosca a bhainistiú ar leibhéal infhulaingthe seachas chun é a dhíothú. Dá bhrí sin, ní féidir ach dearbhú réasúnta, nach bhfuil absalóideach, a thabhairt leis an gcóras go ndéantar sócmhainní a chosaint, idirbhearta a údarú agus a thaifeadadh i gceart, agus go ndéantar earráidí nó mírialtachtaí ábhartha a chosc nó a bhrath in am trátha.

Bhí an córas rialaithe inmheánaigh, atá ar aon dul le treoir arna heisiúint ag an Roinn Caiteachais Phoiblí agus Athchóirithe, i bhfeidhm laistigh den Údarás don bhliain dar críoch an 31 Nollaig 2019 agus suas go dtí dáta fhaomhadh na ráiteas airgeadais.

An Coiste Iniúchóireachta agus Bainistíocht Riosca

Tá Coiste Iniúchóireachta agus Riosca (ARC) ag an Údarás lena n-áirítear comhalta ón Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí, comhalta ón Roinn Airgeadais agus beirt mar chomhaltaí seachtracha, ag a bhfuil saineolas airgeadais agus iniúchóireachta agus is é an Cathaoirleach duine amháin acu. Tháinig an ARC le chéile 5 huaire i gcaitheamh 2019.

Tá feidhm iniúchta inmheánaigh sheachfhoinsithe curtha ar bun ag an Údarás freisin, ag a bhfuil acmhainní imleora agus a chuireann clár oibre chun feidhme arna chomhaontú leis an ARC.

D'fhorbair an tÚdarás beartas bainistíochta riosca, lena leagtar amach a inghlacthacht riosca, na próisis bainistíochta riosca atá i bhfeidhm agus lena sonraítear róil agus freagrachtaí na foirne maidir leis an riosca. Rinne an ARC an beartas agus na próisis bainistíochta riosca a fhaomhadh. Eisíodh an beartas le gach fostaí a bhfuiltear ag dúil go n-oibreoidh siad laistigh de bheartais bainistíochta riosca an Údaráis.

Creat riosca agus rialaithe

Tá clár rioscaí ag an Údarás ina sainaithnítear bunrioscaí agus na bearta bainistíochta atá á ndéanamh, a oiread agus is féidir, chun na rioscaí sin a mhaolú. Rinneadh meastóireacht ar na croírioscaí atá roimh an Údarás agus rangaíodh iad de réir a suntais.

Athbhreithníonn bainisteoirí sinsearacha agus an ARC an clár rioscaí ar bhonn ráithe. Baintear úsáid as toradh na measúnuithe sin chun acmhainní a leithdháileadh d'fhonn a chinntiú go ndéantar rioscaí a bhainistiú go leibhéal inghlactha.

Deimhním go bhfuil timpeallacht rialaithe i bhfeidhm, ina bhfuil na heilimintí seo a leanas:

• rinneadh nósanna imeachta maidir le gach príomhphróiseas gnó a dhoiciméadú;

• sannadh freagrachtaí airgeadais ar leibhéal na bainistíochta le cuntasacht chomhfhreagrach;

• tá córas buiséadaithe iomchuí ann le buiséad bliantúil atá coinnithe faoi athbhreithniú ag an lucht bainistíochta sinsearaí;

• tá córais ann atá dírithe ar shlándáil na gcóras TFC a chinntiú;

• tá córais i bhfeidhm chun sócmhainní an Údaráis a chosaint.

Monatóireacht agus athbhreithniú leanúnach

Tá gnáthaimh fhoirmiúla curtha ar bun chun monatóireacht a dhéanamh ar phróisis rialaithe. Cuirtear easnaimh rialaithe in iúl dóibh sin atá freagrach as iad a réiteach agus do lucht bainistíochta agus don Údarás, más cuí, go pras. Deimhním go bhfuil na córais mhonatóireachta a leanas i bhfeidhm:

• sainaithníodh príomhrioscaí agus na rialuithe gaolmhara agus cuireadh próisis i bhfeidhm chun oibriú na bpríomhrialuithe sin a mhonatóiriú agus aon easnaimh arna sainaithint a thuairisciú;

• bunaíodh socruithe tuairiscithe ar gach leibhéal ina bhfuil freagracht as bainistíocht airgeadais sannta; agus

• déanann an lucht bainistíochta sinsearaí athbhreithniú rialta ar thuarascálacha airgeadais ina léirítear feidhmíocht i gcoinne buiséad/réamhaisnéisí.

Soláthar

Deimhním go bhfuil nósanna imeachta i bhfeidhm ag an Údarás chun a chinntiú go ndéantar rialacha agus treoirlínte soláthair reatha a chomhlíonadh. Tugadh aghaidh ar nós imeachta neamhchomhlíontach a nochtadh in 2018 agus rinneadh é a rialáil.

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Athbhreithniú ar éifeachtacht

Deimhním go bhfuil nósanna imeachta i bhfeidhm ag an Údarás chun monatóireacht a dhéanamh ar na nósanna imeachta bainistíochta agus rialaithe riosca dá chuid. Is í obair na n-iniúchóirí, idir inmheánach agus sheachtrach, a chuireann bonn eolais faoi mhonatóireacht agus athbhreithniú an Údaráis ar éifeachtúlacht an chórais rialaithe airgeadais inmheánaigh. Tá lucht bainistíochta sinsearaí san Údarás freagrach as forbairt agus cothabháil an chreata rialaithe airgeadais inmheánaigh.

Deimhním go ndearna an tÚdarás athbhreithniú ar éifeachtacht na rialuithe inmheánacha le haghaidh 2019.

Saincheisteanna rialaithe inmheánaigh

Ní dhearnadh aon laigí sa rialú inmheánach a shainaithint maidir le 2019 a n-éilítear iad a nochtadh sna ráitis airgeadais.

David Begg Cathaoirleach

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RÁITEAS AR IONCAM AGUS CAITEACHAS AGUS AR CHÚLCHISTÍ IONCAIM COINNITHE

Don bhliain dar críoch an 31 Nollaig 2019

2019 2018

Nótaí € €

Ioncam

Táillí ar scéimeanna pinsean ceirde 3,842,619 3,553,560

Táillí ar Chuntais Coigiltis Scoir Phearsanta 3,539,343 3,368,697

Ioncam eile 2 7,068 11,545

Iomlán an ioncaim 7,389,030 6,933,802

Caiteachas

Íocaíocht 3 4,800,328 4,051,956

Táillí chomhaltaí an Údaráis 5 20,520 20,520

Cíos agus costais oifi ge 6 834,897 875,593

Costais oiliúna, oideachais, agus costais a bhaineann leis an bhfoireann

7 195,325 170,353

Faisnéis, taighde, agus poiblíocht 8 189,822 194,050

Táillí gairmiúla 9 598,651 419,644

Riarachán ginearálta 10 663,534 500,846

Dímheas 11 140,368 224,536

Iomlán an chaiteachais 7,443,445 6,457,498

Barrachas/(easnamh) don bhliain (54,415) 476,304

Cúlchiste ioncaim ar an 1 Eanáir 7,793,464 7,317,160


An cúlchiste ioncaim amhail ar an 31 Nollaig 7,739,049 7,793,464

Tá an ráiteas ar shreafaí airgid agus Nóta 1 go dtí Nóta 22 ina gcuid de na ráitis airgeadais seo.



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2019 2018

Nótaí € €


(Gnóthachain)/caillteanais ó thaithí ar oibleagáidí sochair scoir 3 18 1,072,000 (490,000)

Athrú ar na toimhdí atá mar bhunús do luach reatha d’oibleagáidí sochair scoir

(3,719,000) 298,000

Coigeartú ar chistiú iarchurtha sochar scoir 18 2,647,000 192,000

Ioncam cuimsitheach iomlán don bhliain 54,415 476,304




RÁITEAS AR IONCAM CUIMSITHEACH

3 Léirítear le “Gnóthachain ó thaithí ar oibleagáidí sochair scoir” an tionchar ar an luacháil dliteanais atá ag difríochtaí idir na toimhdí a rinneadh ag tús na bliana agus an taithí iarbhír i rith na bliana. Mar shampla, tagann gnóthachan nó caillteanas chun cinn mar thoradh ar dhifríocht idir luachanna measta agus iarbhír i gcás faisnéis bhásmhaireachta, boilsciú, boilsciú tuarastail, agus méaduithe ar phinsin.

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Amhail an 31 Nollaig 2019

2019 2018

Nótaí € € € €

Sócmhainní neamhreatha

Réadmhaoin, gléasra agus trealamh 11 577,729 473,471

Sócmhainní reatha

Infháltais 12 855,239 1,175,290

Airgead tirim agus coibhéisí airgid thirim 17 8,198,557 8,114,257

9,053,796 9,289,547

Suimeanna ó chreidiúnaithe dlite laistigh de 1 bhliain amháin

Suimeanna iníoctha 13 392,476 469,554

Glansócmhainní reatha 8,661,320 8,819,993

Glansócmhainní roimh shochair scoir 9,239,049 9,293,464

Sochair Scoir

Dliteanas sochair scoir 18 (27,146,000) (23,369,000)

Maoiniú sochair scoir iarchurtha ón státchiste 18 27,146,000 23,369,000

Glansócmhainní tar éis sochar scoir 9,239,049 9,293,464

Lena léirítear

Cúlchiste forfheidhmithe comhlíontachta 15 1,500,000 1,500,000

Cúlchiste ioncaim 15 7,739,049 7,793,464

9,239,049 9,293,464




RÁITEAS AR AN STAID AIRGEADAIS

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2019 2018

Nótaí € €

Glan-insreabhadh airgid de thoradh ar ghníomhaíochtaí oibriúcháin

16 325,603 137,358

Sreafaí airgid thirim ó ghníomhaíochtaí cistithe Ús a fuarthas

3,323 156

Sreafaí airgid ó ghníomhaíochtaí infheistíoch-ta

Íocaíochtaí chun réadmhaoin, gléasra agus trealamh a cheannach

(244,626) (242,121)

Íocaíochtaí ó chuntais taisce ghearrthéarm-acha

6,545,498 0

Glanmhéadú/(glanlaghdú) ar airgead tirim agus ar a shamhail

6,629,798 (104,607)

Réiteach an ghlansreabhaidh airgid le gluaise-acht na nglanchistí

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Méadú/(Laghdú) ar ghlanchistí sa bhliain 6,629,798 (104,607)

Glanchistí ar an 1 Eanáir 1,568,759 1,673,366

Glanchistí amhail ar an 31 Nollaig 8,198,557 1,568,759

RÁITEAS AR SHREAFAÍ AIRGID

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a) Eolas ginearálta

Cuireadh an tÚdarás ar bun faoi Acht na bPinsean, 1990, arna leasú, agus tá príomhoifig an Údaráis lonnaithe ag Teach Verschoyle, 28-30 Sráid an Mhóta Íochtarach, Baile Átha Cliath 2.

Is iad seo a leanas príomhchuspóirí an Údaráis mar atá leagtha amach in alt 10 d’Acht na bPinsean, 1990, arna leasú:

• faireachán agus maoirseacht a dhéanamh ar oibriú an Achta seo agus ar fhorbairtí i gcúrsaí pinsean i gcoitinne;

• comhairle a thabhairt don Aire, ar iarratas uaidh nó ar a chonlán féin, i dtaobh gach ní a bhaineann leis na feidhmeanna a shanntar don Údarás faoin Acht seo agus i dtaobh nithe a bhaineann le pinsin i gcoitinne;

• treoirlínte a eisiúint maidir le dualgais agus freagrachtaí iontaobhaithe scéimeanna agus cóid chleachtais a eisiúint maidir le gnéithe sonracha dá chuid freagrachtaí;

• spreagadh a thabhairt le go gcuirfear saoráidí oiliúna iomchuí ar fáil d'iontaobhaithe scéimeanna;

• comhairle a thabhairt don Aire i dtaobh caighdeán d'iontaobhaithe scéimeanna agus i dtaobh na caighdeáin sin a chur i ngníomh;

• tuarascáil bhliantúil, agus cibé tuarascálacha eile is dóigh leis is gá ó am go ham, a fhoilsiú;

• cibé tascanna a dhéanamh a iarrfaidh an tAire ó am go ham.

Eintiteas Sochair Phoiblí atá san Údarás.

Is in euro atá na ráitis airgeadais ainmnithe.

b) Ráiteas um chomhlíonadh

Ullmhaíodh ráitis airgeadais an Údaráis don bhliain dar críoch an 31 Nollaig 2019 de réir FRS 102, an caighdeán tuairiscithe airgeadais is infheidhme in Éirinn agus sa Ríocht Aontaithe arna bhfoilsiú ag an gComhairle um Thuairisciú Airgeadais (FRC) arna bhfógairt ag Institiúid na gCuntasóirí Cairte in Éirinn. Ba é an 1 Eanáir 2014 dáta an aistrithe go FRS 102.

c) Bonn a n-ullmhaithe

Tá na ráitis airgeadais ullmhaithe faoin modh fabhraithe cuntasaíochta,ar bhonn an ghnóthais leantaigh agus de réir choinbhinsiún an chostais stairiúil, mura bhfuil a mhalairt luaite, sa leagan amach atá ceadaithe ag an Aire Gnóthaí Fostaíochta agus Coimirce Sóisialaí le comhthoiliú an Aire

Caiteachais Phoiblí agus Athchóirithe, de réir alt 22(1) d’Acht na bPinsean 1990, arna leasú.

Cuireadh na beartais chuntasaíochta seo a leanas i bhfeidhm go comhsheasmhach nuair a bhí plé á dhéanamh le míreanna a mheastar le bheith bainteach le ráitis airgeadais an Údaráis.

d) Deontais ón Oireachtas

Is éard atá i ndeontais ón Oireachtas ná an méid a chuir an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí ar fáil i leith na bliana chun costais na sochar aoisliúntais a d’íoc an tÚdarás a fhorchúiteamh. Aithnítear deontais ón Oireachtas sa bhliain inar íocadh na pinsin bhainteacha.

e) Ioncam ó tháillí

i) Táillí ar scéimeanna pinsean ceirde

Tá na táillí iníoctha leis an Údarás ag iontaobhaithe scéime de réir alt 25 d’Acht na bPinsean. Tá na rátaí táille atá iníoctha faoi láthair leagtha amach in Ionstraim Reachtúil Uimh. 634 de 2010 - Na Rialacháin um Scéimeanna Pinsean Ceirde (Táillí) (Leasú), 2010. Tá na táillí i leith grúpscéimeanna iníoctha ar bhonn na bliana iarbhír agus tá na táillí i leith scéimeanna aonair iníoctha aon bhliain amháin i riaráiste.

Aithníonn an tÚdarás go ndéantar na táillí ar fad atá dlite mar ioncam ar bhonn na bliana féilire agus na táillí atá dlite i leith scéimeanna aonair a chur san áireamh mar fhéichiúnaithe ag deireadh na bliana.

ii) Táillí ar Chuntais Coigiltis Scoir Phearsanta

Suimeanna atá dlite i leith táillí iarratais, táirge, agus bliantúla a gearradh ar sholáthróirí Cuntas Coigiltis Scoir Pearsanta (PRSA). Déantar na táillí bliantúla PRSA a ríomh trí thagairt do líon na dtáirgí cláraithe ceadaithe agus do luach na gcistí atá faoi bhainistiú ag an soláthróir amhail ag deireadh na bliana roimhe.

Tá na rátaí táille atá iníoctha faoi láthair leagtha amach in Ionstraim Reachtúil Uimh. 506 de 2002 - Na Rialacháin um Chuntais Coigiltis Scoir Phearsanta (Táillí) (Leasú), 2002.

f) Réadmhaoin, gléasra agus trealamh

Sonraítear réadmhaoin, gléasra agus trealamh ar a gcostas lúide dímheas carnach. Gearrtar dímheas sa ráiteas ioncaim


1. Beartais chuntasaíochta

Leagtar amach thíos an bunús cuntasaíochta agus beartais thábhachtacha chuntasaíochta atá glactha ag an Údarás. Cuireadh na beartais sin ar fad i bhfeidhm go comhsheasmhach i rith na bliana agus don bhliain roimhe sin.

NÓTAÍ A GHABHANN LEIS NA RÁITIS AIRGEADAIS

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agus caiteachais agus cúlchistí ioncaim ar bhonn líne dírí, ón tráth a chuirtear an tsócmhainn i bhfeidhm. Feidhmítear dímheas ag na rátaí bliantúla atá leagtha amach thíos, ionas gur féidir sócmhainní a dhíscríobh, coigeartaithe ó thaobh luach measta iarmharach, thar shaol ionchais gach catagóra chuí.

• Feabhsú ar léasacht 6 % 15 bliana

• Trealamh ríomhaireachta 25% 4 bliana

• Troscán oifige 12½% 8 bliana

• Trealamh oifige 20% 5 bliana

Léirítear leis an luach iarmharach an méid measta a gheofaí faoi láthair ó dhiúscairt sócmhainne, tar éis costas measta na diúscartha a asbhaint, dá mbeadh an tsócmhainn sin ar aois agus sa riocht lena mbeifí ag súil ag deireadh a saolré úsáidí.

Má tá fianaise oibiachtúil ann ar laghdú ar luach sócmhainne, aithnítear caillteanas lagaithe sa ráiteas ar ioncam agus ar chaiteachas agus sna cúlchistí ioncaim coinnithe sa bhliain.

g) Léas oibriúcháin

Caitear le híocaíochtaí cíosa sa ráiteas ar ioncam agus ar chaiteachas agus sna cúlchistí ioncaim coinnithe sa bhliain lena mbaineann siad.

h) Sochair scoir (Féach nóta 18)

Cineál scéimeanna

Feidhmíonn an tÚdarás na scéimeanna pinsin le sochar sainithe seo a leanas i leith a chuid fostaithe:

I gcás fostaithe a ceapadh roimh an 1 Eanáir 2013:

• Scéim Aoisliúntais an Údaráis Pinsean, 1993, agus an Scéim Pinsean Ranníocach Céilí agus Leanaí, 1993, agus tá struchtúr na scéime bunaithe ar shamhail na Seirbhíse Poiblí (an ‘Scéim Shamhlach’).

I gcás fostaithe a ceapadh tar éis an 1 Eanáir 2013:

• Scéim Aonair Pinsean na Seirbhíse Poiblí – tugann an struchtúr seo pinsin le sochar sainithe atá nasctha leis an bpraghasinnéacs tomhaltóirí agus atá bunaithe ar mheánphá gairmréime (an ‘Scéim Aonair’).

Ní mhaoiníonn an tÚdarás na scéimeanna agus is é an Státchiste a mhaoiníonn na sochair phinsin. Ina theannta sin, tá roinnt gnéithe ar leith ag baint le socruithe an Údaráis:

• déanann an tÚdarás ranníocaíochtaí comhaontaithe leis an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí (i leith na Scéime Eiseamláirí) agus leis an Roinn Caiteachais Phoiblí agus Athchóirithe (i leith na Scéime Aonair);

• cuimsíonn na ranníocaíochtaí i ndáil leis an dá scéim idir ghné fostaithe agus ghné fostóra. Tá ranníocaíochtaí fostóra a íocann an tÚdarás cothrom le 25% de phá comhlán fostaithe a íocann ÁSPC ar ráta A i Scéim Aoisliúntais an Údaráis Pinsean agus le 30% de phá comhlán fostaithe a íocann ÁSPC ar ráta D. Tá an ranníocaíocht fostóra a íocann an tÚdarás leis an Scéim Shingil trí oiread na ranníocaíochta fostaí;

• tá gealltanas sainráite tugtha ag an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí, le comhaontú na Roinne Caiteachais Phoiblí agus Athchóirithe, go n-íocfaidh an Státchiste na costais nuair a bhíonn siad dlite;

• Aithnítear sócmhainn atá comhfhreagrach leis an dliteanas neamh-mhaoinithe iarchurtha i gcomhair sochar scoir ar an Scéim Shingil Pinsin Seirbhíse Poiblí ar bhonn fhorálacha alt 44 d'Acht na bPinsean Seirbhíse Poiblí (Scéim Shingil agus forálacha eile) 2012.

Go bunúsach, measann an tÚdarás gur leis an Údarás féin a fhanann an oibleagáid sochair phinsin a íoc ach tá an Státchiste tiomanta do chistí leordhóthanacha a chur ar fáil don Údarás chun oibleagáidí den sórt sin a íoc de réir mar is gá, ar choinníoll go n-íocann an tÚdarás ranníocaíochtaí na bhfostaithe agus an fhostóra ar rátaí arna sonrú ag an Aire Gnóthaí Fostaíochta agus Coimirce Sóisialaí agus ag an Aire Caiteachais Phoiblí agus Athchóirithe.

Dá réir sin, aithnítear sna ráitis airgeadais oibleagáid sochair pinsin iarchurtha agus maoiniú pinsin infhála iarchurtha ón státchiste araon, agus tá sonraí iomlána ar íocaíochtaí sochair aoisliúntais san áireamh sna ráitis airgeadais mar mhír chaiteachais agus is ann d’ioncam comhfhreagrach a sheasann d’fhorchúiteamh na n-íocaíochtaí ón Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí.

Gnóthachain nó caillteanais achtúireacha na scéime

Aithnítear gnóthachain nó caillteanais achtúireacha a eascraíonn as athruithe ar thoimhdí achtúireacha agus as barrachais agus easnaimh ó thaithí sa bhliain ina dtarlaíonn siad agus aithnítear coigeartú comhfhreagrach don iarmhéid le haghaidh maoiniú sochair scoir iarchurtha ón státchiste. Is iad costais phinsin sa ráiteas ar ioncam agus caiteachas agus ar chúlchistí ioncaim coinnithe atá i gceist le ranníocaíocht an fhostóra sa bhliain.

Dliteanais scéime

Tomhaistear dliteanais scéime ag luach reatha na n-íocaíochtaí pinsin sa todhchaí atá tuillte go dtí seo ag foireann an Údaráis ar bhonn achtúireach ag úsáid mhodh an aonaid réamh-mheasta. Léiríonn costais phinsin na sochair phinsin atá tuillte ag fostaithe. Déantar an méid atá le háireamh sna ráitis airgeadais mar mhaoiniú sochair iarchurtha ón státchiste a mheas mar mhéid atá comhionann le meastachán na hoibleagáide maidir le dliteanais na scéime pinsin.

25


i) Cúlchiste forfheidhmithe comhlíontachta

Ós rud é gur comhlacht rialála reachtúil é an tÚdarás a bhfuil de chúram air monatóireacht a dhéanamh ar chomhlíonadh fhorálacha Acht na bPinsean, 1990, arna leasú, mar aon le forfheidhmiú an chomhlíonta sin, d’fhéadfadh sé go mbeadh ar an Údarás dul chun dlí ó am go chéile.

D’fhéadfadh sé go dtarraingeodh a leithéid de chaingean costais shuntasacha ar an Údarás i gcásanna áirithe. Ní féidir a thuar cén uair a thiocfadh cásanna den sórt sin chun cinn ná cá mhéad a chosnóidís, ach tá an tÚdarás den tuairim gur stuama an rud é a leithéid de chostais a roinnt thar na blianta d’fhonn a chinntiú go mbeadh fáil ar a dhóthain acmhainní in am an ghátair.

Aistrítear suimeanna ón ráiteas ar ioncam agus caiteachas agus ar chúlchistí ioncaim coinnithe chuig an gcúlchiste forfheidhmithe comhlíontachta dá réir sin nuair a mheastar stuama nó riachtanach.

Aistrítear suimeanna ón gcúlchiste forfheidhmithe comhlíontachta chuig an ráiteas ar ioncam agus caiteachas agus ar chúlchistí ioncaim coinnithe i gcás imeachtaí móra dlí .i. achomharc ar chaingean dlí san ard-chúirt.

j) Breithiúnais agus meastacháin chuntasaíochta chriticiúla

Chun na ráitis airgeadais a ullmhú, bíonn ar an lucht bainistíochta breithiúnais, meastacháin agus toimhdí a dhéanamh a mbíonn tionchar acu ar na méideanna arna dtuairisciú le haghaidh sócmhainní agus dliteanas amhail dáta an chláir chomhardaithe agus na méideanna arna dtuairisciú d’ioncaim agus do chaiteachais i rith na bliana. Mar sin féin, d’fhéadfadh na torthaí iarbhír a bheith éagsúil leis na meastacháin sin mar gheall ar nádúr an mheastacháin féin.

Is iad na breithiúnais seo a leanas is mó a chuaigh i gcion ar na méideanna atá aitheanta sna ráitis airgeadais.

Dímheas agus luachanna iarmharacha

Tá athbhreithniú déanta ag an Údarás ar shaol sócmhainní agus ar na luachanna iarmharacha gaolmhara de gach aicme sócmhainne seasta agus, go háirithe, ar shaolré eacnamaíoch fhónta agus ar luachanna iarmharacha daingneán agus feisteas, agus bhain de thátal as gurb iomchuí saolré na sócmhainní agus na luachanna iarmharacha.

Oibleagáid sochair scoir

Maidir leis na toimhdí atá faoi na luachálacha achtúireacha lena gcinntear na méideanna atá aitheanta sna ráitis airgeadais (lena n-áirítear rátaí lascaine, rátaí an mhéadaithe i leibhéil chúitimh sa todhchaí, rátaí básmhaireachta agus rátaí treochta ar chostas cúraim sláinte), déantar iad a thabhairt chun dáta gach bliain bunaithe ar na dálaí geilleagracha reatha agus le haghaidh aon athruithe ábhartha ar théarmaí agus ar choinníollacha na bpleananna pinsin agus iarscoir. Is ionann bonn an ghnóthais leantaigh agus breithiúnas criticiúil freisin.

Is féidir leis na nithe seo a leanas dul i gcion ar na toimhdí sin:

(i) an ráta lascaine, athruithe ar an ráta fáltais ar bhannaí corparáideacha ardchaighdeáin

(ii) leibhéil chúitimh amach anseo, dálaí i margadh an tsaothair amach anseo.

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2. Ioncam eile

Ioncam eile2019

€

2018€

Ioncam ó ús 3,323 6,780

Aisghabháil costas ionchúisimh 2,000 635

Ioncam ilghnéitheach 1,745 4,130

7,068 11,545

3. Íocaíocht

B’ionann meánlíon na bhfostaithe coibhéise lánaimseartha le linn na bliana agus 64 (2018, 58) agus b’ionann an Creat Rialaithe Fostaíochta (CRF) agus 95.5 ag deireadh 2019 (2018, 70.5). Is mar seo a leanas a bhí na costais chomhiomlána fostaithe agus párolla:

Íocaíocht2019

€

2018€

Tuarastail 3,637,103 3,214,582

Ranníocaíochtaí aoisliúntais an fhostóra 696,916 413,069

Ranníocaíochtaí ÁSPC an fhostóra 369,520 309,468

Fostaithe gníomhaireachta/sealadacha 96,789 114,838

4,800,328 4,051,956

Príomhphearsanra bainistíochta

Comhdhéantar an príomhphearsanra bainistíochta laistigh den Údarás Pinsean den Rialtóir Pinsean agus de Cheann na nOibríochtaí (Airgeadas). Tá luach iomlán na sochar gearrthéarmach fostaithe maidir le príomhphearsanra bainistíochta leagtha amach thíos:

2019€

2018€

Tuarastail 4 264,076 257,133

4 Tá na figiúirí ag teacht leis na gráid mar atá leagtha amach i gCiorclán 17/2019. Ní áirítear luach na sochar scoir arna dtuilleamh sa tréimhse. Tá an príomhphearsanra bainistíochta ina mbaill de scéim pinsin an Údaráis Pinsean agus den Scéim Aonair agus ní théann a gcuid teidlíochtaí maidir leis sin níos faide ná téarmaí an scéim pinsin seirbhíse poiblí eiseamláireach.

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Miondealú ar shochair ghearrthéarmacha fostaithe5

Déantar sochair ghearrthéarmacha fostaithe níos mó ná €60,000 a chatagóiriú sna bandaí a leanas:

Raon na Sochar Iomlán d’Fhostaithe Líon na bhfostaithe

Ó € Go € 2019 2018

60,000 69,999 5 7

70,000 79,999 9 4

80,000 89,999 3 2

90,000 99,999 2 3

100,000 109,999 1 2

110,000 119,999 1 1

120,000 129,999 0 0

130,000 139,999 0 0

140,000 149,999 0 0

150,000 159,999 1 1

4. Luach saothair an Rialtóra Pinsean 6

Luach saothair an Rialtóra Pinsean2019

€

2018€

Tuarastal 157,031 151,500

Ranníocaíocht aoisliúntais an fhostóra 39,258 37,875

196,289 189,375

Is ball de scéim pinsin an Údaráis Pinsean é an Rialtóir Pinsean agus ní sháraíonn na teidlíochtaí pinsin dá chuid na gnáth-theidlíochtaí atá leagtha amach i scéim aoisliúntais na hearnála poiblí le sochar sainithe shamplach. Ní áirítear luach na sochar scoir arna dtuilleamh sa tréimhse thuas.

5. Táillí chomhaltaí an Údaráis

Táillí chomhaltaí an Údaráis

Ainm2019

€

2018€

David Begg - Cathaoirleach 20,520 20,520

5 Maidir leis an nochtadh faisnéise seo, áirítear le sochair ghearrthéarmacha fostaithe a bhaineann le seirbhísí a tugadh le linn na tréimhse tuairiscithe, tuarastal, liúntais ragoibre agus íocaíochtaí eile a dhéantar thar ceann an fhostaí ach níl ÁSPC fostóra san áireamh.

6 San áireamh i gCostais fostaithe i nóta 3.

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6. Cíos agus costais oifige

Cíos agus costais oifige2019

€

2018€

Cíos 558,400 558,400

Táille sheirbhíse 90,076 132,427

Rátaí 66,954 72,906

Leictreachas 38,038 53,750

Glantachán 37,946 29,980

Cothabháil ghinearálta 41,298 25,850

Stóras lasmuigh den láthair 2,185 2,279

834,897 875,592

Tá an tÚdarás lonnaithe in áitreabh oifigí ar an gcéad, dara agus ceathrú hurlár agus i mbonnlach ag Teach Verschoyle, Sráid an Mhóta Íochtarach, Baile Átha Cliath 2, faoi léas 25 bliana, ar cuireadh tús leis an 16 Iúil 2001. Rinne an tÚdarás léas breise le haghaidh an tríú hurlár de Theach Verschoyle ón 21 Deireadh Fómhair 2016 go dtí an 15 Iúil 2026.

7. Costais oiliúna, oideachais, agus costais a bhaineann leis an bhfoireann

Costais oiliúna, oideachais, agus costais a bhaineann leis an

bhfoireann

2019€

2018€

Oiliúint agus oideachas 185,217 162,676

Costais a bhaineann le fostaithe 7 10,108 7,677

195,325 170,353

8. Faisnéis, taighde, agus poiblíocht

Faisnéis, taighde, agus poiblíocht2019

€

2018€

Fógraíocht agus gníomhaíochtaí rannpháirtíochta

138,089 142,458

Clódóireacht, foilseacháin, agus láithreán gréasáin

51,733 42,217

Taighde margaidh tomhaltóirí 0 9,375

189,822 194,050

7 Áirítear ranníocaíochtaí do choiste sóisialta na foirne agus gníomhaíochtaí eile leis.

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9. Táillí gairmiúla

Táillí gairmiúla2019

€

2018€

Comhairle dhlí 225,806 93,058

Tacaíocht d’iniúchtaí agus do chomhlíonadh

83,860 36,268

Forbairt tionscadal 0 14,699

Comhairleacht maidir le feabhsú an chórais

77,389 5,477

Comhairleacht taighde 55,475 203,123

Táillí ar iniúchadh inmheánach 9,543 14,765

Táillí ar iniúchadh reachtúil 18,700 17,000

Comhairleacht agus fógraíocht earcaíochta

26,178 14,258

Eile 8 101,700 20,996

598,651 419,644

10. Riarachán ginearálta

Riarachán ginearálta2019

€

2018€

Costais stáiseanóireachta agus riaracháin 9 98,187 37,251

Síntiúis chorparáideacha 175,651 167,494

Teileafón agus postas 35,262 30,308

Cothabháil ríomhairí agus tomhaltáin 259,282 180,266

Taisteal agus cothú 10 24,911 24,441

Árachas 53,781 51,734

Táillí bainc 16,460 9,352

663,534 500,846

8 Áirítear comhairleoireacht TFC agus comhairle theicniúil AD leis seo.9 Áirítear leis seo táillí do chomhaltaí an Choiste Iniúchóireachta agus Riosca de €3,426.10 Áiríodh ar chostais taistil agus chothaithe: a) Taisteal eachtrach - €24,062 (lena n-áirítear €11,917 taisteal eachtrach don Rialtóir Pinsean) b) costais Rialtóra Pinsean -

€12,145 (lena n-áirítear € 11,917 taisteal eachtrach) (2018 - €7,447). Bhain an taisteal thar lear go príomha leis an bpáirt a ghlacann an tÚdarás i ngníomhaíocht i ndáil le beartas rialála agus maoirseachta AE, go háirithe freastal ar chruinnithe an Údaráis Eorpaigh um Árachas agus Pinsin Cheirde (EIOPA).

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11. Réadmhaoin, gléasra agus trealamh

Feabhsú ar léasacht

€

Trealamh ríomhaireachta

€

Oifig troscán

€

Trealamh oifige€

Iomlán€

Costas nó Luacháil

Amhail an 1 Eanáir 2019 1,246,597 1,154,876 96,982 50,961 2,549,416

Breiseanna sa bhliain 0 244,626 0 0 244,626

Diúscairtí sa bhliain 0 (31,591) (61,710) (4,175) (97,476)

Amhail an 31 Nollaig 2019 1,246,597 1,367,911 35,272 46,786 2,696,566

Dímheas Carntha

Amhail an 1 Eanáir 2019 1,154,358 829,420 60,970 31,197 2,075,945

Diúscairtí sa bhliain (-) (31,591) (61,710) (4,175) (97,476)

Muirear don bhliain 3,752 100,044 31,038 5,534 140,368

Amhail an 31 Nollaig 2019 1,158,110 897,873 30,298 32,556 2,118,837

Glanluach de réir na leabhar

Amhail an 31 Nollaig 2018 92,239 325,456 36,012 19,764 473,471

Amhail an 31 Nollaig 2019 88,487 470,038 4,974 14,230 577,729

12. Infháltais

Suimeanna a bheidh dlite laistigh de bhliain amháin:

2019€

2018€

Ioncam ó tháillí 559,800 515,500

Ús fabhraithe infhaighte 0 2,710

Réamhíocaíochtaí 160,749 161,043

Féichiúnaithe, eile 134,690 496,037

855,239 1,175,290

13. Suimeanna iníoctha

Suimeanna a bheidh dlite laistigh de bhliain amháin:

2019€

2018€

Fabhruithe creidiúnaí 231,173 182,618

Fabhruithe pá saoire 45,194 89,133

Creidiúnaí cánach 116,109 101,319

Creidiúnaithe trádála 0 96,484

392,476 469,554

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14. Ceangaltais airgeadais

(i) Ceangaltais chaipitil Ní raibh aon cheangaltais chaipitil ann amhail an 31 Nollaig 2019.

(ii) Léasanna oibriúcháin Is mar seo a leanas atá na ceangaltais a bhí le híoc ag an Údarás faoi léasanna oibriúcháin nach féidir iad a chur ar ceal:

2019€

2018€

Laistigh de 1 bhliain amháin

558,400 558,400

2-5 bliana 2,233,600 2,233,600

Os cionn 5 bliana 859,077 1,417,477

3,651,077 4,209,477

Aithnítear íocaíochtaí léasa mar chostas.

15. Cúlchistí ioncaim

2019€

2018€

Cúlchiste forfheidhmithe comhlíontachta

Amhail ag tús na bliana agus ag a deireadh 1,500,000 1,500,000

Cúlchiste ioncaim

Ag deireadh na bliana 7,739,049 7,793,464

9,239,049 9,293,464

16. Réiteach an bharrachais don bhliain leis an nglan-insreabhadh ó ghníomhaíochtaí oibriúcháin

2019€

2018€

Barrachas don bhliain (54,415) 476,304

Míreanna nach míreanna oibriúcháin iad

Ioncam airgeadais (3,322) (6,780)

Míreanna nach míreanna airgid iad

Dímheas 140,368 224,536

(Méadú)/Laghdú ar infháltais 320,051 (555,874)

Méadú/(Laghdú) ar shuimeanna iníoctha neamh-chaipitil

(77,079) (1,898)

Caillteanas ar dhiúscairt sócmhainní seasta 0 1,070

Glan-insreabhadh airgid de thoradh ar ghníom-haíochtaí oibriúcháin

325,603 137,358

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17. Anailís ar athruithe i sreafaí airgid

Amhail an 1 Eanáir 2019

€

Sreabhadh airgid€

Amhail an 31 Nollaig 2019

€

Airgead tirim agus coibhéisí airgid thirim

1,568,759 78,435 1,647,194

Taiscí gearrthéarmacha 6,545,498 5,865 6,551,363

8,114,257 84,300 8,198,557

18. Cur chuige cuntasaíochta i leith sochair scoir

Feidhmíonn an tÚdarás na scéimeanna pinsin le sochar sainithe seo a leanas i leith a chuid fostaithe:

I gcás fostaithe a ceapadh roimh an 1 Eanáir 2013:

• Scéim Aoisliúntais an Údaráis Pinsean, 1993, agus an Scéim Pinsean Ranníocach Céilí agus Leanaí, 1993 (tá struchtúr na scéime seo bunaithe ar shamhail thraidisiúnta na Seirbhíse Poiblí).

I gcás fostaithe a ceapadh tar éis an 1 Eanáir 2013:

• Scéim Aonair Pinsean na Seirbhíse Poiblí (tugann an struchtúr seo pinsin le sochar sainithe atá nasctha leis an bpraghsinnéacs tomhaltóirí agus atá bunaithe ar mheánphá gairmréime).

Scéimeanna reachtúla neamh-mhaoinithe is ea na scéimeanna agus is é an Státchiste a mhaoiníonn na sochair phinsin faoi na scéimeanna.

Ina theannta sin, tá roinnt gnéithe ar leith ag baint le socruithe an Údaráis:

• déanann an tÚdarás ranníocaíocht chomhaontaithe leis an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí (i leith na Scéime Eiseamláirí) agus leis an Roinn Caiteachais Phoiblí agus Athchóirithe (i leith na Scéime Aonair):

• Cuimsíonn na ranníocaíochtaí i ndáil leis an dá scéim idir ghné fostaithe agus ghné fostóra. Is í an tsuim iomlán atá i gceist i ranníocaíocht fostóra le Scéim Aoisliúntais an Údaráis Pinsin, 25% de phá comhlán d'fhostaithe a íocann ÁSPC ar ráta A. Is ionann an ranníocaíocht fostóra a íocann an tÚdarás leis an Scéim Shingil agus trí oiread ranníocaíocht an fhostaí;

• agus 30% de phá comhlán d'fhostaithe a íocann ÁSPC ar ráta D agus is é an tÚdarás a íocann í;

• tá gealltanas sainráite tugtha ag an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí, le comhaontú na Roinne Caiteachais Phoiblí agus Athchóirithe, go n-íocfaidh an Státchiste na costais nuair a bhíonn siad dlite.

a)Luacháil achtúireach

Choimisiúnaigh an tÚdarás luacháil achtúireach ar dhliteanais sochar scoir faoi FRS102 ag dáta an ráitis ar an staid airgeadais agus ar chostas na sochar (costais seirbhíse) a fhabhraítear i rith na bliana.

Bunaíodh an luacháil sin ar an modh aonaid tionscadail, agus bhí na heochairthoimhdí airgeadais seo a leanas mar bhunphrionsabal ann (déantar comparáid le 2018):

An 31 Nollaig 2019 An 31 Nollaig 2018

Ráta lascaine 11 1.30% in aghaidh na bliana 2.10% in aghaidh na bliana

Ráta boilscithe 1.40% in aghaidh na bliana 1.50% in aghaidh na bliana

Méaduithe ar phinsin atá á n-íoc 2.40% in aghaidh na bliana 2.50% in aghaidh na bliana

Méadú ar thuarastail inphinsin 12 2.40% in aghaidh na bliana 2.50% in aghaidh na bliana

11 Sonraítear an ráta lascaine faoi FRS102 agus tá sé bunaithe ar an bhfáltas ar bhannaí corparáideacha ardchaighdeáin ar an dáta luachála.12 Móide liúntas do scálaí pá na hearnála poiblí.

33


Ba iad seo a leanas na príomhthoimhdí déimeagrafacha a úsáideadh chun na dliteanais sochair scoir a ríomh faoi FRS102 ag tús agus ag deireadh na tréimhse:

An 31 Nollaig 2019 An 31 Nollaig 2018

Básmhaireacht: roimh dhul ar scor Dada Dada

Básmhaireacht: tar éis dul ar scor

58% (fir) de ILT15 62% (mná) de ILT15, agus feabhas amach anseo ar an mbásmhaireacht á chur san

áireamh

58% (fir) de ILT15 62% (mná) de ILT15, agus feabhas amach anseo ar an mbásmhaireacht á chur san

áireamh

Ionchas saoil ag aois 65: Fir Mná Fir Mná

Dáta FRS: 21.6 24.1 21.5 24.0

Dáta FRS + 20 bliain: 24.3 26.6 24.2 26.6

Scor

Glactar leis go dtéann 70% díobh sin a bhfuil an rogha acu ar scor ag aois 60 bliain, agus glactar leis go dtéann

na baill eile ar fad ar scor ag an ngnáth-aois scoir.

Glactar leis go dtéann 70% díobh sin a bhfuil an rogha acu ar scor ag aois 60 bliain, agus glactar leis go dtéann

na baill eile ar fad ar scor ag an ngnáth-aois scoir.

Bearna san aois

Glactar leis go bhfuil comhalta fireann 3 bliana níos sine ná a chéile agus glactar leis go bhfuil comhalta

baineann 3 bliana níos óige ná a céile

Glactar leis go bhfuil comhalta fireann 3 bliana níos sine ná a chéile agus glactar leis go bhfuil comhalta

baineann 3 bliana níos óige ná a céile.

b) Anailís ar iomlán na gcostas pinsean a gearradh ar chaiteachas

2019€

2018€

Ranníocaíocht iomláin an fhostóra

700,738 802,428

Aisíocaíocht SPSPS13 ó RCPA (-) (332,116)

Coigeartuithe d'fhostaithe ar iasacht agus aistrithe

(3,822) (57,243)

Costas reatha seirbhíse 14 1,015,000 1,028,000

Costas úis 487,000 438,000

Costas iar-sheirbhíse (1,502,000) (1,466,000)

Coigeartú ar mhaoiniú iarchurtha an Státchiste

696,916 413,069

Méid iomlán a chuirtear chun dochar an ráitis ar ioncam agus

caiteachas agus ar chúlchistí ioncaim coinnithe

413,069 704,899

13 Is ionann SPSPS agus an Scéim Shingil Pinsin Seirbhíse Poiblí. Baineann an t-aisíoc le ranníocaíochtaí fostóra a ró-íocadh leis an SPSPS idir 2013 agus 2018.14 Áirítear leis ranníocaíochtaí fostaí dar suim iomlán €295,000 in 2019 agus €157,000 in 2018.

34


c) Gluaiseacht ar ghlandliteanas pinsin

2019€

2018€

Glandliteanas pinsin ar an 1 Eanáir

23,369,000 22,080,000

Costas seirbhíse reatha 1,015,000 1,028,000

Costas úis 487,000 438,000

(Gnóthachain)/caillteanais ó thaithí ar dhliteanais scéime

(1,072,000) 490,000

Athrú sna toimhdí 3,719,000 (298,000)

Sochair a íocadh i rith na bliana15 (372,000) (369,000)

Glandliteanas pinsean amhail an 31 Nollaig

27,146,000 23,369,000

d) Coigeartuithe achtúireacha

2019€

2018€

Gnóthachain ó thaithí ar oi-bleagáidí sochair scoir

(1,072,000) 490,000

Athrú ar na toimhdí atá mar bhunús do luach reatha na hoibleagáide sochair scoir

3,719,000 (298,000)

Coigeartú ar chistiú iarchurtha sochar scoir

(2,647,000) (192,000)

e)Asbhaintí agus ranníocaíochtaí aoisliúntais

Is mar seo a leanas a bhí iomlán na n-asbhaintí agus na ranníocaíochtaí aoisliúntais a rinneadh leis an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí agus leis an Roinn Caiteachais Phoiblí agus Athchóirithe:

2019€

2018€

Gnáth-ranníocaíochtaí an fhostóra 700,738 802,428

Aisíoc SPSPS ó RCPA - (332,116)

Gnáth-ranníocaíochtaí an fhostaí 165,287 156,905

Asbhaint a bhaineann le pinsean 16 - 156,623

Ranníocaíocht Aoisliúntais Breise 129,745 -

995,770 783,840

15 Áirítear le suim 2018, aisíocaíocht de €24,640 maidir le fostaithe a d'aistrigh amach as an Údarás in 2018.16 Go teicniúil, ní ranníocaíocht pinsin í an asbhaint a bhaineann le pinsean.

35


Miondealú ar íocadh asbhaintí pinsean

Tá fostaithe de chuid an Údaráis Pinsean ina mbaill de na scéimeanna a leanas:

• Scéim roimh 1995

• Scéim tar éis 1995

• Scéim aonair

Déantar ranníocaíochtaí pinsean maidir le scéimeanna roimh 1995 agus tar éis 1995 a íoc leis an Roinn Gnóthaí Fostaíochta agus Coimirce Sóisialaí (RGFCS). Déantar ranníocaíochtaí maidir leis an scéim aonair a íoc leis an Roinn Caiteachais Phoiblí agus Athchóirithe (RCPA). Tá miondealú sa tábla thíos ar na híocaíochtaí.

2019€

2018€

RGFCS:



Asbhaint a bhaineann le pinsean - 156,623

Ranníocaíocht Aoisliúntais Breise 129,746 -

RCPA:



Aisíoc SPSPS ó RCPA - (332,116)

995,770 783,840

f) Fáltais agus íocaíochtaí Aoisliúntais

2019€

2018€

Deontas Stáit i leith íocaíochtaí pinsin 17 372,624 344,358

Sochair aoisliúntais íoctha (372,624) (344,358)

17 Vóta 37 fo-cheannteideal A41.2 na Roinne Gnóthaí Fostaíochta agus Coimirce Sóisialaí.

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19. Nochtadh idirbheart

Tá Cód Cleachtais um Iompar Gnó i bhfeidhm ag an Údarás i leith comhaltaí dá chuid de réir an Chóid Cleachtais um Rialachas Comhlachtaí Stáit. Cuimsítear leis an gCód um Iompar Gnó treoir maidir le nochtadh leasanna ag comhaltaí an Údaráis, agus chloígh an tÚdarás leis na nósanna imeachta seo le linn na bliana atá cuimsithe sna ráitis airgeadais seo. Ní dhearnadh aon idirbheart airgeadais in 2019 le comhaltaí an Údaráis ach amháin na táillí Údaráis atá mionsonraithe i Nóta 5 a íoc.

20. Cánachas

Tá an tÚdarás díolmhaithe ón gCáin Chorparáide de réir alt 220 den Acht Comhdhlúite Cánacha, 1997.

21. Imeachtaí ina dhiaidh sin

Mar thoradh ar ráig Covid-19, bhí oibleagáid ar bhaill foirne uile an Údaráis Pinsean oibriú ón mbaile ó dheireadh mhí an Mhárta. Cé gur chuir sé sin isteach ar chúrsaí ar dtús, ní raibh aon tionchar suntasach ar oibríochtaí ná ar staid airgeadas an Údaráis.

Tá dlúthmhonatóireacht á déanamh ag an Údarás ar éifeacht an chianoibrithe ar ghníomhaíochtaí na heagraíochta agus tá maoirseacht níos mó á déanamh aige anois ar ioncam agus ar chaiteachas.

22. Imeachtaí ina dhiaidh sin

D'fhaomh comhaltaí an Údaráis na ráitis airgeadais ar an 29 Meitheamh 2020.

37


Ballraíocht i scéimeanna pinsean ceirde agus i gCuntais Coigiltis Scoir Phearsanta* Tábla 1: Scéimeanna le sochar sainithe agus baill ghníomhacha iontu amhail an 31 Nollaig 2019

Scéimeanna le sochar sainithe agus baill ghníomhacha iontu amhail an 31 Nollaig 2019

Méid na Scéime

Le Sochar SainitheGach Scéim le sochar

sainithe

Faoi réir an Chaighdeáin Maoinithe

Nach bhfuil faoi réir an Chaighdeáin Maoinithe

Líon na Scéimeanna

Baill Ghníomhacha


Baill Ghníomhacha


Baill Ghníomhacha

Calctha 197 0 0 0 197 0

Á fhoirceannadh 19 0 0 0 19 0

Méid na scéime de réir baill ghníomhacha

Nach Grúpa 0 0 0 0 0 0

0 go dtí 50 236 3,044 40 830 276 3,874

51 go dtí 99 41 2,888 11 781 52 3,669

100 go dtí 500 73 18,403 24 4,847 97 23,250

501 go dtí 1000 14 9,246 8 6,193 22 15,439

1001+ 17 72,131 21 382,447 38 454,578

Iomlán in 2019 597 105,712 104 395,098 701 500,810

Iomlán in 2018 614 102,683 99 391,606 713 494,289

Athrú ó 2018 -17 3,029 5 3,492 -12 6,521

AGUISÍN I

38


Tábla 2: Scéimeanna le ranníocaíocht shainithe agus baill ghníomhacha iontu amhail an 31 Nollaig 2019

Scéimeanna le ranníocaíocht shainithe agus baill ghníomhacha iontu amhail an 31 Nollaig 2019

Méid na scéime de réir baill ghníomhacha


Baill Ghníomhacha

Nach Grúpa 66,201 66,201

1-10 5,767 17,243

11-20 1,024 15,017

21-30 525 13,158

31-40 282 9,870

41-50 207 9,390

51-99 403 28,261

100-500 356 77,047

501-1000 56 37,470

1001+ 45 107,773

Iomlán in 2019 74,866 381,430

Iomlán in 2018 72,096 351,657

Athrú ó 2018 2,770 29,773

Sonraí PRSA

Tháinig méadú 17,405 ar líon na gconarthaí PRSA in 2019 agus is ann do 298,532 acu anois. Is ionann na sócmhainní atá faoi bhainistíocht agus €7.5 billiún. Cuimsíodh na nithe a leanas leis na conarthaí:

• 219,584 conradh caighdeánach PRSA

• 78,948 conradh neamhchaighdeánach PRSA

*Tá sonraí faoi bhallraíocht scéimeanna pinsean ceirde agus faoi PRSA bunaithe ar an bhfaisnéis a thug aonáin rialáilte don Údarás.

An tÚdarás PinseanTeach Verschoyle

28/30 Sráid an Mhóta ÍochtarachBaile Átha Cliath 2

DO2 KX27

Teileafón: (01) 613 1900 www.pensionsauthority.ie

ISSN 1649 8690

28/30 Sráid an Mhóta ÍochtarachBaile Átha Cliath 2

DO2 KX27

Teileafón: (01) 613 1900 www.pensionsauthority.ie

ISSN 1649 8690

THE PENSIONS AUTHORITY ANNUAL REPORT AND ACCOUNTS … Laid... · 2020. 8. 10. · 2 THE PENSIONS AUTHORITY ANNUAL REPORT AND ACCOUNTS 2019 2 CHAIRMAN’S STATEMENT I am pleased to

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