A Court yesterday gave a construction firm until next June to pay €58,000 due to the Construction Workers’ Pension Scheme.
In the second such case this week, directors of a building firm appeared at a District Court for failing to pay over workers’ pension contributions to CWPS.
The money was deducted from workers’ wages, but never actually paid over to the pension scheme.
The court heard yesterday that the company and its directors agreed on Tuesday with the Pensions Board to pay over the €58,375.72 due to the fund by June 27th, 2012.
The judge gave the firm and the directors until this date to pay the money to the fund and said that if they are not paid by that date he will impose a custodial sentence.
The Construction Industry Monitoring Agency, which supervises the industry’s pension scheme, discovered the shortfall in the firm's contributions earlier this year.
Earlier this week, a court jailed directors of Wexford building firm for five months for failing to pay €11,781.51 in staff contributions to the fund.
The Pensions Board brought the case against the company and its directors.