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ARTICLE · 03 DECEMBER 2025

Minimum Pension Contributions Accelerated Under Auto-Enrolment

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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As the launch of My Future Fund (MFF) approaches, the Department of Social Protection (the Department) has written to various pensions industry bodies including the Irish Association of Pension Funds (IAPF)...

IrelandEmployment and HR

As the launch of My Future Fund (MFF) approaches, the Department of Social Protection (the Department) has written to various pensions industry bodies including the Irish Association of Pension Funds (IAPF), the Irish Congress of Trade Unions and the Society of Actuaries in Ireland warning employers against illegally obliging employees to join company pension schemes that provide only nominal employer contributions.

The Department has cautioned that such practices may amount to hindering employees from accessing MFF, an offence under the Automatic Enrolment Retirement Savings System Act 2024 (the Act).

As a result of these concerns, the Department noted that NAERSA (the regulatory body responsible for MFF), in consultation with the Pensions Authority, is actively considering introducing minimum contribution rates for pension schemes to qualify as exempt from the Act in the "near course".

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