This note sets out a brief summary of what we know about
the proposed system so far, where the legislation is currently at,
what other steps towards auto-enrolment have been taken and whether
action can be taken now by employers.
BRIEFING
The introduction of a Statewide auto-enrolment ("AE")
pension system has been on the cards in Ireland since 2006, when
the then Minister for Social and Family Affairs first published AE
proposals. Despite being on the Government's to do list since
the mid-2000's, the introduction of AE has picked up
significant pace over the last 12 months.
When will AE be introduced?
It is currently anticipated that AE will be introduced in
Ireland in the latter half of 2024. Heads of Bill were published in
October 2022. The Automatic Enrolment Retirement Savings System
Bill is listed for priority publication in the Government's
Spring 2024 Legislative Programme. Pre-Legislative Scrutiny was
completed in June 2023. Minister for Social