Oireachtas Joint and Select Committees

Wednesday, 8 February 2023

Joint Oireachtas Committee on Social Protection

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

Photo of Denis NaughtenDenis Naughten (Roscommon-Galway, Independent) | Oireachtas source

On that point, what I picked up on was the reference to "unproven structure". It is not unproven. It is there and it does work. The evidence that we received is that it takes considerably longer to put it in and the question is about the length of time. I accept there is a challenge, but the evidence this morning is that it is unproven. That is not the case. It is proven and it does work. It is in place in OECD countries. There are challenges with it, but it would be misrepresenting the situation to give evidence before the committee that this approach is unproven. That is not the case. Am I correct in that regard?

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