Shay Brennan
Ceist:72. Deputy Shay Brennan asked the Minister for Social Protection for an update on the MyFutureFund; the number who have been enrolled to date in Dublin; and if he will make a statement on the matter. [14951/26]
Amharc ar fhreagraThursday, 26 February 2026
Ceisteanna (72)
Freagraí scríofa
MyFutureFund commenced on the 1st January 2026. All elements of the system are operating as planned. On the 1st January and since that date, based on analysis of payroll data from the Revenue Commissioners, over 763,000 employees were automatically enrolled in MyFutureFund. These employees work for approximately 105,000 employers. In addition, more than 5,000 employees have applied to join the scheme voluntarily.
Payroll instructions have issued to these employers to deduct contributions from these employees' pay and to submit those details to NAERSA. Approximately €80 million of contributions have already been collected for investment with the three contracted investment managers.
Both the employer and participant website portals are fully functional. Since the 1st December, employers have been asked to register their company, contact and payment details with NAERSA on the employer portal so that the administrative burden for them and the management of the system is made as easy as possible. Over 104,000 employers have done so. This represents a very high level of compliance. Furthermore, it demonstrates the importance that employers place on MyFutureFund and their aspiration to do what is right for their employees, which I commend.
Finally, the latest data in respect of the number of employees that have been enrolled by county was received on the 11th February. At that date, 242,611 of the enrolled participants were located in Dublin.
I hope this clarifies matters for the Deputy.