Irish Times: The State’s auto-enrolment pension scheme: How it works and why it’s good news


Ray McKenna of employee benefits advisers Lockton was more optimistic. He described it as “a very welcome announcement that is long overdue for the one-third of employees that currently have no supplementary income outside of the State pension”.

He did, however, warn that there’s still a lot of work to be done to ensure scheme goes live in 2024. “Critically, the Government will need to press the go-live button when it’s ready, and we would be concerned that, just like other pension decisions such as increasing the retirement age, there may be a reluctance to act.”

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