Oireachtas Joint and Select Committees

Tuesday, 18 November 2025

Select Committee on Social Protection, Rural and Community Development

Social Welfare and Automatic Enrolment Retirement Savings System (Amendment) Bill 2025: Committee Stage

2:00 am

Photo of Eoin HayesEoin Hayes (Dublin Bay South, Social Democrats)

I do not disagree with the Minister's assessment of the current board and I would like to thank all the people who have put themselves forward and the important experience they bring to bear. The Minister mentioned the question of relevant experience. Someone who is participating in the scheme does actually have relevant experience. The likelihood that somebody under the income of €80,000 would be serving on this board is, perhaps, low. Certainly, it is almost impossibly unlikely that someone with an income at the €20,000 mark is going to come across the Minister's desk . It is really important the voice of workers - the voice of people whose funds and whose own money is going into these investments - is part of the governance of such a major change as this. It is not necessarily appropriate to simply say a representative from workers organisations is sufficient. We need to ensure that people whose money is absolutely involved in this scheme are part of the governance model. I strongly press the Minister to consider this in some way. As to the question of how we arrive at that person, this amendment does not give any specificity on that by design so the Minister and the Department can figure that out in a variety of ways as is the case in lots of other countries. I would really like the Minister to consider this proposal.

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