Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Select Committee on Social Protection

Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage

Photo of Seán SherlockSeán Sherlock (Cork East, Labour) | Oireachtas source

The core point for us is that there is still, what we call in economic terms, the opportunity cost foregone within the timeframe. I note that the Minister has said that they can have to the beginning of years 4 to 6. She said that it can happen up to year 6, if I am not mistaken in interpreting what she said. We are trying to instill within the legislation clearer timelines to have the system up and running sooner so that people are not through the scheme, depriving themselves of a benefit in the current timeframe, if that makes sense.

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