On Air Now

The Breakfast Club

8:00am - 11:00am

  • 045 901 490
  • 0833-979797

Now Playing

Aretha Franklin

Respect

Concern Raised Over Auto Enrolment Pension Scheme

File image: Rolling News

The plan, due to come into effect in 2024

There are concerns the new pensions auto-enrolment scheme could widen the pension gender pay gap.

Irish Life and The Pensions Authority will appear before the Joint Oireachtas Social Protection Committee today.

The plan, due to come into effect in 2024, will see workers automatically signed up to a scheme where for every €3 they save, their employer will match their contribution and the State will contribute €1.

The Pensions Authority will urge the government to introduce pension auto-enrolment as soon as possible.

Irish Life will tell the committee the plan will put women in a worse position than those within existing workplace pension schemes.

Committee Chair Denis Naughten says TDs and Senators have worries over who will run the scheme:

 

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Thu

    Sunny intervals

    12°C

  • Fri

    Low-level cloud

    11°C

  • Sat

    Light rain

    10°C

  • Sun

    Sunny intervals

    10°C