Department warns employers of 50,000 fines and imprisonment for breaching new pension scheme rules
Briefly

Department warns employers of 50,000 fines and imprisonment for breaching new pension scheme rules
"Portal for registering financial details goes live on Monday"
"Employers have been warned they may face fines of up to €50,000 and imprisonment for breaching the rules of the new national auto-enrolment pension scheme called My Future Fund."
"The warning is contained in Department of Social Protection documents that also provide details of a new portal for employers that is set to go live on Monday."
A portal for registering financial details for employers goes live on Monday. Employers may face fines of up to €50,000 and imprisonment for breaching the rules of the new national auto-enrolment pension scheme called My Future Fund. Department of Social Protection documents set out the warning and provide details of the new employer portal. The My Future Fund operates as a national auto-enrolment pension scheme with compliance obligations for employers. Failure to comply with scheme rules can result in both significant financial penalties and criminal sanctions.
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