Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Joint Oireachtas Committee on Social Protection

Automatic Enrolment Retirement Savings System Bill: Discussion

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

As Mr. Berney says, ICTU is first in. I will play devil's advocate in terms of his suggestion to adjust the ratio from 6:6:2 to 5:7:2. There will almost certainly be groups who will appear before us who will argue that, at 6:6:2, it is already placing a substantial burden on employers. They will talk about people in small retail, for example, and state that asking them to contribute the other part of that ratio will place a stress on their business. They will cite other rights that have been introduced by this Government, for example, sick leave. There has been considerable movement in terms of the liabilities that are being placed on employers. ICTU does not think that 6:6:2 is the appropriate ratio. It would prefer to see something along the lines of 5:7:2. Will Dr. Bambrick expand on that for me?

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