Automatic Enrolment Retirement Savings System Act 2024 section 45

Preparation and submission of supervisory report by Pensions Authority

Section 45 sets out the process for preparing, finalising and submitting the supervisory report, including the Board's right to review a draft before the final report is sent to the Minister and laid before the Oireachtas.

• The Pensions Authority must send the Board a draft supervisory report by 31 March following the reporting period, accompanied by all supporting material and a written notice giving the Board at least 6 weeks to make submissions.
• After considering any submissions from the Board, the Authority must revise the draft as it sees fit, finalise the report, and append a copy of any submissions received from the Board.
• The finalised report must be submitted to the Minister as soon as practicable and no later than 30 June following the reporting period, with a copy also sent to the Board.
• The Minister must lay the report before both Houses of the Oireachtas as soon as possible and send a copy to the Comptroller and Auditor General within 6 weeks of receiving it.