Michael Cahill
Question:391. Deputy Michael Cahill asked the Minister for Social Protection if matters will be clarified in respect of auto enrolment (details supplied); and if he will make a statement on the matter. [67028/25]
View answerThursday, 27 November 2025
Questions (391)
Written answers
The Programme for Government contains a commitment to introduce the Automatic Enrolment (AE) Retirement Savings System. The aim of introducing AE is to address the pension coverage gap that exists in Ireland and to provide workers with greater comfort and security regarding their retirement income. The new system - to be known as My Future Fund - will commence from 1 January 2026. The implementation of My Future Fund will pave the way for around 750,000 workers to be brought into a retirement savings scheme for the first time and I look forward to its implementation.
Current and new employees aged between 23 and 60 years of age and earning €20,000 or above per annum (across all employments) who are not already in an approved supplementary pension scheme will be automatically enrolled into the My Future Fund. Those who fall outside the age and earnings threshold so those aged between 18 and 23 or between 60 and 66, and/or earn below €20,000 will be able to join the new retirement savings system voluntarily by opting in.
Where an employee meets the criteria for automatic enrolment, they will be automatically enrolled into My Future Fund. The fact that an individual is here in Ireland as a consequence of the International Protection Act 2015 is not relevant to this determination.
I hope this clarifies matters for the Deputy.