Stable yard scene, Naas Photo: Patrick McCann
Trainers and stable staff are being encouraged
to attend a series of roadshows which will illustrate the details of a new
stable staff pension scheme, aimed to provide a meaningful benefit at
retirement for long serving employees.
The roadshows will highlight the provisions of
the new defined contribution pension scheme that has been developed by a
committee comprising representatives of Horse Racing Ireland, the Turf Club,
Irish Racehorse Trainers’ Association and the Irish Stablestaff Association.
There are six initial membership roadshows
scheduled for the next three weeks: Newbridge (September 27), Newry (September
28), Carlow (October 2), Cork (October 4), Meath (October 5) and Tipperary
Click here for locations
The new defined contribution pension scheme will
continue to be funded by the proportion of prize-money deducted from
trainers. Staff benefiting from the scheme do not have to make a
Chairperson of the Committee of Management of the Stable Employees Defined
Contribution Pension Scheme, said: “Although it seems as if
this scheme is a long time coming, it has been a complex process and the
Committee of Management is confident that it will be a positive step forward
for both trainers and stable staff. We would encourage as many as possible to
attend the roadshows to get an understanding of the scheme.”
All trainers with eligible staff will need to sign a deed of adherence and an
information pack will be sent to trainers containing details of their
obligations. Eligibility for the scheme will depend on length of service
as well as verified taxable earnings.
Separate provision will be made for employees of Northern Ireland trainers who
meet the eligibility criteria.
Irish life has been appointed as scheme administrators, Independent Trustee
Limited as trustees and Moore Stephens McNamara Accountants as auditors.
Further information can be obtained by contacting the Committee of Management
c/o the Turf Club, Tel: 045 445600.
Although it seems as if this scheme is a long
time coming, it has been a complex process and the Committee of Management is
confident that it will be a positive step forward for both trainers and stable
staff. We would encourage as many as possible to attend the roadshows to get an
understanding of the scheme.
LATEST PRESS RELEASES
Sat, 21 Oct 2017
Aidan O'Brien Equals World Record ...
Fairyhouse Rescheduled for Tuesday...
Thu, 19 Oct 2017
A Celebration of Cork Racing
Fri, 13 Oct 2017
Full Field to Contest €120,000 Auc...
Thu, 12 Oct 2017
Minister for Agriculture joins a t...