Social Welfare and Pensions (No. 2) Act 2014
Acts of the Oireachtas
Source: Acts of the Oireachtas

num: 1
paragraphs: In this Act—
“Act of 2012” means the Social Welfare Act 2012 ;
“Principal Act” means the Social Welfare Consolidation Act 2005 .
num: 2
paragraphs: (1) The Principal Act is amended—
(a) in section 221—
(i) by the substitution of the following subsection for subsection (1) (amended by section 8 of the Act of 2012):
“(1) Subject to this Act, a qualified person shall be paid a monthly benefit of €135 in respect of each qualified child.”,
and
num: 3
paragraphs: Rule 1(4) (amended by section 11 of the Social Welfare Act 2011 ) of Part 5 of Schedule 3 to the Principal Act is amended—
(a) in subparagraph (a), by the substitution of “subject to this paragraph,” for “subject to subparagraph (b),”,
(b) in subparagraph (c), by the substitution of “shall be disregarded, and” for “shall be disregarded,”,
(c) by the substitution of the following subparagraph for subparagraph (d):
“(d) in calculating the weekly earnings for the purposes of subparagraph (a) for any period commencing on or after 1 January 2014, an amount of €90 together with half the weekly earnings in excess of that amount shall be disregarded;”,
and
(d) by the deletion of subparagraphs (e) and (f).
num: 4
paragraphs: The Pensions Act 1990 is amended by the insertion of the following section after section 48A (inserted by section 10 of the Social Welfare and Pensions (No. 2) Act 2013 ):
“Payment of moneys by Minister for Finance in respect of liabilities accruing under certain relevant schemes
48B. (1) The Minister for Finance may, at the request of the Minister, following consultation with the Minister for Public Expenditure and Reform, pay moneys to an approved person for the purpose of the discharge by the approved person of the liabilities of an eligible pension scheme, referred to in paragraph (b) of the definition of eligible pension scheme.
(2) The Minister for Finance may, after consultation with the Minister for Public Expenditure and Reform, authorise a person to be an approved person for the purposes of this section.
(3) The moneys referred to in subsection (1) that are required by the Minister for Finance for the making of a payment under that subsection shall be paid out of the Central Fund or the growing produce thereof.
(4) In this section—
‘approved person’ means a person authorised under subsection (2);
‘eligible pension scheme’ means a relevant scheme where the date of the winding up of the scheme is on or after 25 January 2007 and before 25 December 2013 and in respect of which—
(a) the employer participating in the relevant scheme is, or where more than one employer participates in such scheme, all of the employers participating in the scheme are, at the date of the winding up insolvent for the purposes of the Protection of Employees (Employers’ Insolvency) Act 1984 , and
(b) the resources of the relevant scheme are not sufficient to discharge in whole or in part, the liabilities of the scheme in respect of—
num: 5
paragraphs: (1) This Act may be cited as the Social Welfare and Pensions (No. 2) Act 2014.
(2) The Social Welfare Acts and this Act (other than section 4 ) shall be construed together as one Act.
(3) The Pensions Act 1990 to 2014 and section 4 shall be construed together as one Act and the collective citation “Pensions Acts 1990 to 2014” shall include that section.