Oireachtas Joint and Select Committees

Wednesday, 18 January 2023

Joint Oireachtas Committee on Social Protection

General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed)

Dr. David Begg:

I agree with the Chairman that this is a valid point because actual participation rates in Ireland historically have been quite low. I may be wrong about this but at one point I recall it was around 62%. It dropped off for a while and came back up again. In terms of percentages, the Nordic countries have participation rates in the 70s. What the future of work will be like will be interesting because it is possible that hybrid working will allow many more people to come into the workforce.

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