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Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Seán Sherlock: ...employee pension contributions should be reduced from the beginning of years 7 to 9 to the beginning of years 4 to 6. CSO figures on pension coverage shows that one in 20, or 5%, of employees with a pension have a PRSA only. Under this section of the Bill, these workers will not be automatically enrolled or guaranteed a minimum employer contribution to their retirement savings account...

Select Committee on Social Protection: Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage (8 May 2024)

Seán Sherlock: ...with the Authority and a specified body where an employer makes no payment of enrolments and contributions for the benefit of employees to a qualifying occupational pension scheme, qualifying PRSA or qualifying trust RAC.”. The Cathaoirleach is on a roll, and I hate to halt his momentum. I will be very brief. I do not think we should be so naive as to think that there will not...

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