Social Welfare Consolidation Act 2005

Sources of moneys for benefits.

[1993 s6(1); National Training Fund Act 2000 s4(10)]

6

6.—(1) For the purposes of providing moneys for meeting the expenditure on benefit and making any other payments which, under this Act (other than section 8), the Redundancy Payments Acts 1967 to 2003 and the Protection of Employees (Employers’ Insolvency) Acts 1984 to 2004, are to be made out of the Social Insurance Fund, there shall be—

(a) contributions (referred to in this Act as “employment contributions”) in respect of employed contributors, each of which shall comprise a contribution by the employed contributor and a contribution (referred to in this Act as “the employer’s contribution”) by the employer of the employed contributor,

(b) contributions (referred to in this Act as “self-employment contributions”) in respect of self-employed contributors,

[1993(No.2) s5(a)]

(c) contributions in respect of optional contributors,

(d) contributions in respect of F92[voluntary contributors,]

F93[(da) contributions under Chapter 5A of Part 2,

(db) contributions under Chapter 5B of Part 2, and,]

(e) payments out of moneys provided by the Oireachtas.

[1993 s6(2); 1993(No.2) s5(b)]

(2) Employment contributions, self-employment contributions, F94[optional contributions, voluntary contributions and contributions under Chapters 5A and 5B of Part 2] shall be paid into the Social Insurance Fund.

Annotations

Amendments:

F92

Substituted (28.06.2013) by Social Welfare and Pensions (Miscellaneous Provisions) Act 2013 (20/2013), s. 6(2)(a)(i), commenced on enactment.

F93

Inserted (28.06.2013) by Social Welfare and Pensions (Miscellaneous Provisions) Act 2013 (20/2013), s. 6(2)(a)(ii), commenced on enactment.

F94

Substituted (28.06.2013) by Social Welfare and Pensions (Miscellaneous Provisions) Act 2013 (20/2013), s. 6(2)(b), commenced on enactment.

Modifications (not altering text):

C14

Application of subs. (2) extended (25.03.2014) by European Union (Transfer of Pension Rights to and from Pension Scheme of European Union’s Institutions) Regulations 2014 (S.I. No. 153 of 2014), arts. 11 and 15, in effect as per art. 2.

Circumstances in which transfer under Part 3 shall be made to Social Insurance Fund.

11. A transfer to the Social Insurance Fund of the actuarial equivalent of the pension rights of a relevant person that have accrued under the Pension Scheme of the European Union’s Institutions shall only be made where the relevant person is an insured person, other than an insured person by virtue of section 12(1)(b) of the Principal Act only.

...

Transfer of pension rights from Pension Scheme of European Union’s Institutions to Social Insurance Fund.

15. (1) Subject to sub-article (2) and article 11, where the Minister has provided the details in accordance with article 14 and a transfer of the actuarial equivalent of the pension rights of a relevant person, that have accrued under the Pension Scheme of the European Union’s Institutions, has subsequently been made by the European Pension Services to the Social Insurance Fund for the benefit of that relevant person, contributions shall be treated as paid in respect of that person in the manner determined in accordance with article 13.

(2) A transfer of the actuarial equivalent of the pension rights of a relevant person which have accrued under the Pension Scheme of the European Union’s Institutions shall only be accepted by the Minister where the capital value of those accrued rights is sufficient to meet the capital value of the contributions that have been determined in accordance with article 13 to be treated as having been paid in respect of that person.