12/10/2011
By Matt Ritchie
A construction company and its directors have been fined by The Pensions Board in Ireland for failing to comply with statutory requests made by the regulator.
In a statement issued this afternoon, The Pensions Board said that John and Kerry Burchill of Cork had been fined €500 each, for failing to comply with a statutory request. John Burchill Contracting Limited was also convicted and fined a sum of €1,000 for the same offence.
The convictions were made in Skibbereen District Court, in relation to a request to provide information and documentation detailing deductions made from employees wages for pension scheme contributions.
Information included records of remittals, made in relation to the Construction Workers Pension Scheme (CWPS) from 1 June 2008 to 3 August 2010; and payslips and payroll documentation for each employee for whom a pension deduction has been made for the CWPS over the same period.
Chief executive of The Pensions Board Brendan Kennedy said the conviction should act as a warning that The Pensions Board treats failure to respond to a request for information by the board very seriously.
“The board has a responsibility to enforce this requirement and regards non-compliance as a serious matter.”
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