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Training for trustees of occupational pension schemes

The Social Welfare and Pensions Act 2008 requires all pension scheme trustees to receive trustee training in relation to the Pensions Act and other legislation governing the operation of occupational pension schemes.

Individuals who were trustees to occupational schemes on or before 1st February 2010 are required to complete training within two years of that date. The deadline is 31st January 2012

The Pensions Board may impose on the spot fines of €2,000 against trustees who do not comply with this requirement and may prosecute employers for failing to arrange appropriate trustee training.

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