Auto-enrolment pensions: What employers need to know

Major change is coming to the Irish pension system next year

Ireland’s auto-enrolment scheme funding model involves the employee, employer and the state. Employees contribute €3, matched by the employer also contributing €3, with the state adding €1.

Auto-enrolment, the state-run workplace pension plan for non-pensioned employees in Ireland, is finally set to be introduced in 2024 after years of delays.

While the final date is due to be announced early in the new year, it looks like the scheme will finally be enforced on companies at the latter end of 2024.

Similar schemes have been in existence in countries such as Australia and the UK for over 10 years, and have generally ...