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

My final question is a little complicated, as pensions issues generally are. One of the slides of the opening statement indicated that for average earnings of €38,000, somebody who gets the State pension currently would get 34% of that figure. Mr. Nicholson went on to say the Department reckons that to maintain the correct standard they would need 60%.

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