Oireachtas Joint and Select Committees

Thursday, 15 December 2016

Joint Oireachtas Committee on Social Protection

Overview of Pensions: Discussion

10:00 am

Photo of Kevin HumphreysKevin Humphreys (Labour) | Oireachtas source

Is there a cost-benefit analysis in regard to it? If one looks at the higher sector workers, there are preferential tax returns for that. In many ways, it is an additional subsidy for a higher earner whereas somebody on a low or minimum wage does not have the opportunity to get that subsidy towards the contributory pension. It would be interesting to see the true cost in relation to that. It would be helpful if the Department could provide it because that kind of detailed information would feed into what we are looking at in terms of pensions.

On automatic enrolment into pensions to which the UK has moved, has the Department had an opportunity to look at how successful it has been in different income categories? Is there a high opt-out rate among those on low incomes?

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