Pensions Act, 1990

Annual reports.

55.—(1) The trustees of a scheme shall prepare an annual report containing information in relation to such matters as may be prescribed with the consent of the Minister for Finance concerning the operation of the scheme during whichever of the following periods the trustees may select, that is to say:

(a) each year beginning on the date specified for the purpose of the scheme—

(i) in any document comprising the scheme or which is included among the documents comprising it, or

(ii) in the rules of the scheme,

(b) each year beginning on the 1st day of January, or

(c) each year beginning on such other day as may be agreed upon by the trustees and the Board.

(2) Subsection (1) of this section shall not apply to a scheme—

(a) the only benefit under which is in respect of death prior to normal pensionable age, and

(b) the members of which have been notified in writing by the trustees that service by a member in the relevant employment after the date of the notification does not entitle the member to long service benefit.