Companies Act 2014 section 926

Superannuation scheme

Section 926 sets out the rules governing how the Irish Auditing and Accounting Supervisory Authority may establish and operate superannuation schemes for its chief executive officer and employees.

• The Supervisory Authority may prepare superannuation schemes for its CEO and staff, subject to ministerial approval and the consent of the Minister for Public Expenditure and Reform.
• Each scheme must set out the retirement terms and conditions for all beneficiaries, and different conditions may apply to different categories of staff.
• The Authority cannot grant any superannuation benefits outside an approved scheme or without specific ministerial consent, and any disputes are ultimately determined by the Minister for Public Expenditure and Reform.
• Every approved scheme must be laid before each House of the Oireachtas and may be annulled by resolution of either House within 21 sitting days, without affecting anything already done under the scheme.