Seanad debates

Wednesday, 19 June 2024

Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages

 

10:30 am

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

I move amendment No. 4:

In page 11, between lines 24 and 25, to insert the following: “Report on universal pension

6. The Minister shall, within six months of the passing of this Act, lay a report before both Houses of the Oireachtas on the introduction of a universal pension, which shall include—
(a) detailed research and modelling on the potential introduction of a universal pension, including a cost benefit analysis of such a model as compared to current expenditures on contributory pensions, non-contributory pensions, qualified adult increases, tax relief on private pensions and the automatic enrolment retirement savings system,

(b) an analysis of the potential impact in terms of income equality, and

(c) an analysis of the potential impact in terms of gender equality, and financial security and independence for women.”.

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