Willie O'Dea
Question:45. Deputy Willie O'Dea asked the Tánaiste and Minister for Social Protection her plans to introduce auto-enrolment for pensions; and if she will make a statement on the matter. [33032/15]
View answerWednesday, 30 September 2015
Questions (45)
Written answers
In line with the Statement of Government Priorities, in January of this year the Government decided to proceed with work to develop a roadmap and timeline for the introduction of a new, universal, supplementary workplace retirement saving system.
This work is being progressed by a Universal Retirement Savings Group (URSG), the broad role of which is to consider the constituent factors involved in constructing an efficient and effective universal retirement savings system and broad scheme design features, cost estimates and phase-in timeframes.
The URSG consists of senior officials from Government departments and those public bodies with a particular responsibility and expertise in the area. Membership also includes international representatives from the UK and the OECD who bring significant experience in designing, delivering and assessing supplementary pension systems.
In undertaking its work programme the group is consulting with and has invited submissions from pensions experts external to the group. Currently, representatives from the group are also engaging with a broad range of sectorial interests such as those from the pensions industry, representatives of employers, trade unions and consumer/interest groups.
On completion of its work, the Universal Retirement Savings Group will submit its recommendations to Government in the form of a roadmap and estimated timeline for introduction.