The Cabinet has approved the details of a new pension auto-enrolment scheme as a date for its arrival has been confirmed.
Around 750,000 workers in Ireland will benefit from the new private pension scheme which Minister for Social Protection Heather Humphreys says will arrive in 2024.
It will see workers earn a further €4 for every €3 saved to their pension account. When the scheme is fully established, a worker earning €35,000 each year will accumulate a fund of around €293,000 before retirement.
