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Automatic Enrolment Retirement Savings System Bill 2024: Second Stage (16 Apr 2024)

Bríd Smith: ..., from 2034 onwards, 6% of gross earnings will be paid by the employer, another 6% will be paid by the employee and 2% will come from the State. According to the Economic and Social Research Institute, ESRI, there will be a slight increase in the rates of people at risk of poverty as a result of automatic enrolment pension contributions because those contributions will mainly come from...

Automatic Enrolment Retirement Savings System Bill 2024: Second Stage (16 Apr 2024)

Marc Ó Cathasaigh: ...of this legislation. We had six individual sessions meeting with groups such as ICTU, Irish Life Assurance plc, Pensions Authority, Irish Business and Employers Confederation, Insurance Ireland, ESRI and, of course, officials from the Minister's Department. It was a considerable piece of work because we knew that it was very important legislation. I am somewhat disappointed to note...

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