Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Joint Oireachtas Committee on Social Protection

Automatic Enrolment Retirement Savings System: Discussion

10:00 am

Photo of John CurranJohn Curran (Dublin Mid West, Fianna Fail) | Oireachtas source

The witnesses indicated that the contribution level was 1%, increasing annually to 6% - 6% for the employer and the employee, respectively, and 2% for the State. Is there any facility for an employee who feels he or she cannot afford the 6% but could afford a reduced payment or is it set at 6%?

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