Wednesday February 26, 2020

Employers could be forced to contribute to workers’ pensions

Scheme will feature equal contributions from employees, employers and the state

5th March, 2017
Workers need a nest egg when they eventually retire Pic: iStock

Employers could be forced to contribute thousands of euro each year to their employees’ pension pots, under proposals unveiled by Minister for Social Protection Leo Varadkar.

The scheme will feature equal contributions from employees, employers and the state of 5 per cent of salary from each, to give an overall pension contribution of 15 per cent of salary.

The introduction of a universal pension for private sector workers, similar to an auto-enrolment scheme introduced in Britain...

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