Ireland. Strong support for mandatory pension scheme
A large majority of PAYE taxpayers are in favour of a new automatic pension scheme being introduced for those who have no occupational pension.
The survey from tax specialists Taxback.com found that 84pc of people would be in favour of an auto-enrolment type scheme.
The Government has plans to bring in this type of scheme, with the Taoiseach recently telling the Dáil he intends to bring forward proposals for an auto-enrolment scheme. But he gave no time frame for this.
Auto-enrolment involves people being automatically signed up to a pension scheme and having to actively opt out of such an arrangement.
Only a third of private sector workers have a pension. This means an estimated one million workers will only have the State pension when they retire as they have no occupational scheme in place.
A study of the pension systems in this country, carried out by the Organisation for Economic Co-operation and Development in 2014, commissioned by the Government, recommended an auto-enrolment system.
Full Content: Independent
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