Auto-enrolment pension scheme set for end of 2023 | Business Post

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Every worker on a salary of over €20,000 will be automatically ‘opted-in’ to the pension scheme, the rollout of which was delayed by the Covid-19 pandemic – obraonain reports.

Heather Humphreys, Minister for Social Protection: ‘I’m going to make it happen. That’s the most important thing. And it has to be attractive.’ Picture: RollingNews.ie

The roll out of a national auto-enrolment pension scheme is due to finally begin at the end of next year to target the 725,000 workers with no private pension. Every worker on a salary of over €20,000 will be automatically “opted-in” to the pension scheme, which has been found internationally to be more effective than asking workers to sign up themselves.Subscribe from just €1 for the first month!

 

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