Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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528. To ask the Minister for Employment Affairs and Social Protection further to Parliamentary Question No. 253 of 8 October 2025, if charges under My Future Fund differ for participants who are actively contributing and for those who have ceased or paused contributions. [57126/25]

Dara Calleary (Mayo, Fianna Fail)
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The Programme for Government contains a commitment to introduce the Automatic Enrolment (AE) Retirement Savings System. The aim of introducing AE is to address the pension coverage gap that exists in Ireland and to provide workers with greater comfort and security regarding their retirement income. The new system - to be known as My Future Fund - will commence from 1st January 2026. The implementation of My Future Fund will pave the way for around 800,000 workers to be brought into a retirement savings scheme for the first time and I look forward to its implementation.

As set out in the reply to Parliamentary Question No. 253 of 8 October 2025, the details of the fees that will be applied in My Future Fund will be announced closer to the commencement of the system. This will include details as to when participants will be charged and the rate of such charges. In designing the fee structure, my Department is working to ensure that costs are shared fairly among the participants and that fees are minimised as far as possible by leveraging the economies of scale for the operation of the system.

I hope this clarifies matters for the Deputy.