Oireachtas Joint and Select Committees

Wednesday, 15 February 2023

Joint Oireachtas Committee on Social Protection

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

Mr. Tim Duggan:

That will start emerging over time and possibly beginning later this year. The Minister has committed to producing an initial roadmap of such changes, if required based on the actuarial review of the social insurance fund, SIF, which is being finalised. That is about sustaining the existing State pension system; it is not about increasing somebody's pension payment. AE is about significantly enhancing their retirement income. It is an entirely different thing.

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