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PODCAST · 21 APRIL 2022

Ireland's New Pensions Auto-Enrolment System (Podcast)

On 29 March 2022, the Department of Social Protection published the Final Design Principles for the introduction of a pensions auto-enrolment system in Ireland.

IrelandEmployment and HR

On 29 March 2022, the Department of Social Protection published the Final Design Principles for the introduction of a pensions auto-enrolment system in Ireland.

The aim of auto-enrolment is to "change the Irish pensions system from one where employers may, or may not, make provision for a workplace pension scheme to one where every worker will have access to a workplace pension". Even though proposals for auto-enrolment have been around since the 2000's, Ireland has somehow managed to remain the only OECD country without any form of auto-enrolment system. With the publication of the Final Design Principles, will that all change and what are the consequences for existing pension schemes?

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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