Auto-Enrolment Uncovered

 The Minister for Social Protection, Minister Heather Humphreys, has received Cabinet approval for the Automatic Enrolment Retirement Savings System and it is expected that the Bill will begin its passage through the Oireachtas immediately. It is understood that Minister Humphreys wants to have the Bill enacted as quickly as possible so that the first contribution can commence on 1 January 2025. As the only country within the OECD without a mandatory or quasi-mandatory retirement savings system, the objective of auto-enrolment is to ensure that every worker will have access to a work placed pension to supplement or compliment the state pension.