Dáil debates

Tuesday, 29 November 2022

Ceisteanna Eile - Other Questions

Pensions Reform

10:25 pm

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

Auto-enrolment has been talked about for decades. The auto-enrolment train is now on the tracks and is leaving the station. The design has been finalised. Anybody who does not have a private occupational pension will be automatically enrolled. People are joined up and there are breaks allowed for different reasons. I do not have all the information in my head as it is getting late, but a person can opt out for a period, such as six months. We will put people back in again and we will keep putting them in. As Deputy Stanton will appreciate, and I know myself, there is never a right time to start a pension. When we start off, we want to have money to enjoy ourselves. Then when we have children, we must look after them and then we have to educate them. There is never a right time, but we are going to start this now.

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