Dáil debates

Wednesday, 29 July 2020

Ceisteanna Eile - Other Questions

Pensions Reform

11:50 am

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

A Roadmap for Pensions Reform 2018-2023 provided for the development and implementation of the auto-enrolment retirement scheme by 2022.

12 o’clock

This Government recognises the exceptional strain that both employers and employees are now under as a result of the Covid-19 emergency. The Government will, therefore, seek to gradually deliver the AE scheme, which will include a phased roll-out of contributions over a ten-year period. A phased introduction of the system is believed to be achievable in the current situation. It is widely recognised by many stakeholders in the public consultation process that full implementation of the AE scheme by 2022 was extremely ambitious. The AE programme management office in my Department will work on developing options for the Government to consider in order that the system can be introduced on a phased basis. Until decisions have been made on these options, it is not possible to give a more detailed timeline for the introduction of the AE scheme.

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