Pension auto-enrolement explained
by Diarmaid Mac a Bhaird
 
ICTU's Dr Bambrick welcomed the introduction of auto-enrolement in principle, she raised a number of concerns about the current plans, including worries that employers may try to force workers to opt-out of the scheme.
ICTU's Dr Bambrick welcomed the introduction of auto-enrolement in principle, she raised a number of concerns about the current plans, including worries that employers may try to force workers to opt-out of the scheme.

An explainer on ‘auto-enrolement,’ setting out the Irish Congress of Trade Unions (ICTU) stance on changes to the Government’s current plans, and written by ICTU’s social policy officer Laura Bambrick, has been published in the latest edition of the Fórsa magazine.

 

Auto-enrolment will legally require employers to include all staff who are not already members of an approved occupational pension in a new retirement saving scheme. Workers, employers and the Government will all make contributions to the scheme, which is set to be introduced in 2022.

 

While Dr Bambrick welcomed the introduction of auto-enrolement in principle, she raised a number of concerns about the current plans, including worries that employers may try to force workers to opt-out of the scheme. ICTU also wants increased contributions from employers and the State.

 

Dr Bambrick said: “While we do have concerns around some features of the draft system the Government has proposed, Congress agrees in principle with the introduction of auto-enrolment as the most appropriate way of increasing pension coverage.”

 

The full article is available HERE and latest edition of the Fórsa magazine is available in workplaces now.

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