Social Protection Committee to discuss the Automatic Enrolment Retirement Savings System Bill 2022 with ICTU

The meeting will take place in Committee Room 3 of Leinster House between 09:30-12:30.

Representatives from Irish Congress of Trade Unions (ICTU) will attend the meeting.

Speaking ahead of the meeting, Committee Cathaoirleach Deputy Denis Naughten said: “The Committee welcomes the opportunity to continue our pre-legislative scrutiny of this Bill with representatives from ICTU.”

“As the contributory State pension stands at €253.30 a week, rather than as a percentage of previous earnings, workers without a supplementary pension experience a drop in their normal living standards in retirement.”

“Under Auto Enrolment, employees will have access to a workplace pension savings scheme which is co-funded by their employer and the State. Participation is voluntary and people can opt out of the scheme but in order to encourage workers to enrol the State will provide a top up of €1 for every €3 saved by the worker.”

“We look forward to discussing the General Scheme of the Bill and hearing ICTU’s observations on it tomorrow.”

Watch the meeting live here or on the Oireachtas smartphone app for Apple and Android.