Stable Staff

The Stable Employee Bonus Scheme is paid out quarterly to Trainers. The Scheme is financed by a 3% deduction from all prizemoney and that money is distributed to all registered stable staff at the end of the relevant quarter as per the SEBS Agreement.

The Agreement is created by the Trainer and all registered stable staff on how the Stable Employee Bonus (SEBS) money is to be distributed amongst the staff. The Agreement must also include the date of the meeting and any persons omitting themselves from the scheme. A copy of the Agreement must be lodged with the Office of the IHRB, signed by the Trainer and at least two registered stable staff, and a completed copy of the Agreement must be permanently displayed in a communal area where all staff working at the Trainers premises can view the agreement.  

The SEBS shall be paid over to Trainers for distribution to registered stable staff on four occasions each year. Payments will be made in the months of April, July, October and January covering the quarters ending in the preceding month. The Trainer must deduct the appropriate income tax and social charges, for payment to the Revenue Commissioners, from the Bonus winnings paid to each employee. 

No part of the money may be withheld by the Trainer for payment at a later date unless agreement is received in writing and signed by the stable staff. 

The Trainer may not offset Bonus payments against any amounts owed to him by the stable staff unless the person agrees and confirms the offset in writing in advance. 

Registered stable staff do not need to be a payroll employee to be eligible to receive Bonus Scheme monies.  

Stable Employee Pension Plan (SEPP) is for stable staff in the employment of a licensed Trainer for any period of time in each of the three previous calendar years. To qualify the stable staff’s earnings must equal or exceed the Qualifying Earnings (€15,210) in the previous calendar year. 

When an eligible employee joins the Plan an individual Retirement Account is set up. Contributions are made from the deductions from all racing prize money is used to fund the SEPP and the contributions are paid into the Retirement Accounts. Stable Staff employees are not required to make contributions. 

Should a pension scheme member have any queries please contact [email protected]

If a member of the Stable Employee Pension Scheme dies in service of a licensed trainer before their normal retirement age of 65, they may also be covered for additional benefits on death in service under the Stable Employees Death Benefit Plan.