27/09/2011
By Adam Cadle
Two construction company directors have been sentenced with five months imprisonment each after an investigation by Ireland’s Pensions Board found them guilty of failing to remit pension contributions to the Construction Workers Pension Scheme (CWPS).
The Pensions Board found that Damien Goff and Francis Goff of Goff Developments Limited failed to ensure that a total of €11,781.51 in pension deductions from the wages and salaries of its employees between November 2008 and December 2009 were remitted within the statutory timeframe under the Pensions Act.
The two directors were fined €4,000 and the construction company fined the same amount.
The Pensions Board chief executive Brendan Kennedy said: “This conviction should act as a warning to all employers and company directors that The Pensions Board treats the failure of the employer to remit pension contributions to the trustees of the pension scheme as a very serious offence.
“We advise any employer with outstanding pension contributions to immediately contact the pension scheme to regularise their position.”
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