Ireland. Gov launchs consultation process for mandatory pensions
The Government is launching a consultation process for the first step towards mandatory pensions this afternoon.
Minister Regina Doherty is announcing the process for an ‘Auto Enrollment Retirement Savings System.’
It could see almost all workers enrolled from 2022 to ensure people working in the private are saving enough for their future.
Donal Keating is a Tax Director with Price Waterhouse Coopers.
He said today’s announcement is of most benefit to under 35s: “If you’re sitting listening and you’re 58 saying I have no pension pot, we don’t have a lot of time to rectify this for you.
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