Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages
Seanad Éireann — 2024-06-19
============================================================

Heather Humphreys (FG), Cavan-Monaghan

I thank the Senator for bringing these forward. The Bill already sets out in section 40 that the authority will provide a comprehensive and detailed annual report. As is the nature of these things, all financial matters, including what is envisaged by the Senator, will be covered, so no amendment is needed.
As for the other two amendments, one of them cannot be accepted because any procurements conducted by NAERSA would already be governed by procurement law. It is not appropriate to set down further restrictions on the NAERSA approach to procurement that could potentially conflict with this law.
As for the next amendment, the automatic enrolment Bill provides for determinations to be made by NAERSA. Should a participant be dissatisfied with a determination made by NAERSA, they can request a review, which is also appealable. The authority holds central responsibility here for decision-making. I do not propose to accept these amendments.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2024-06-19/debate/main
Retrieved: 2026-08-14T04:53:05+00:00
Sitting date: 2024-06-19