Automatic Enrolment Retirement Savings System Bill 2024
Public bill · Government · Presented
Creates a State-run retirement savings system for employees who do not already have a qualifying pension scheme, with automatic enrolment for eligible workers aged 23 to State Pension age earning at least €20,000. Workers, employers and the State would all pay in, contributions would be invested through approved funds, and savings would be paid out when a person reaches pension age, with options to opt out, rejoin later, or access funds early in limited cases. It also sets up a new public body to run the system, protect participants, handle appeals and enforce employer compliance.
Formal long title
Bill entitled an Act to provide for the establishment of a body to be known as An tÚdarás Náisiúnta um Uathrollú Coigiltis Scoir; to provide for that body to establish, maintain and administer an automatic enrolment retirement savings system for employees in employment not covered by qualifying schemes; to provide for automatic enrolment and re-enrolment of participants in that system and for opting into and out of the system; to provide for payment of contributions by participants, their employers and the State, the investment of contributions and the payment of retirement savings out of participants’ accounts; to provide for the consequential amendments of certain enactments; and to provide for related matters.
Last updated 30 August 2024
- Minister for Social Protection Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- Cream ListDáil Enacted
- EnactedEnacted
- Automatic Enrolment Retirement Savings Systems Bill 2024: From the Seanad Dáil
- Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages Seanad
- Automatic Enrolment Retirement Savings System Bill 2024: Second Stage Seanad
- Automatic Enrolment Retirement Savings System Bill 2024: Report and Final Stages Dáil
- Automatic Enrolment Retirement Savings System Bill 2024: Committee Stage Select Committee on Social Protection, Community and Rural Development and the Islands
- Automatic Enrolment Retirement Savings System Bill 2024: Second Stage (Resumed) Dáil
- Automatic Enrolment Retirement Savings System Bill 2024: Second Stage (Resumed) Dáil
- Automatic Enrolment Retirement Savings System Bill 2024: Referral to Select Committee Dáil
- Automatic Enrolment Retirement Savings System Bill 2024: Second Stage Dáil