Introduction of mandatory pension scheme enrollment for employees - March 22nd, 2018

Mandatory pensions are to be introduced in a radical new scheme. From 2022, a new State pension system will come into place based on a total contributions approach where a person’s lifetime contribution will more closely match the benefit they receive. Employees, without private pensions, will be automatically enrolled in a pension scheme – those who do not want to partake will have to opt out. Economist Colm McCarthy told Jerry O’Sullivan he isn’t surprised this radical new scheme is being introduced.

http://media.radiokerry.ie/upload/radiokerry/audio/pension_kt_podcast.mp3