Workers in Ireland will see a cash boost come their way as part of a new scheme that will double pension investments.
Although the final design principles have been finalised for the new Automatic Enrolment Retirement Savings System for Ireland, Minister for Social Protection, Heather Humphreys, explained that the scheme won’t be introduced until 2024, RSVP reports.
Currently, Ireland is the only country in the OECD that does not operate an Auto Enrolment or similar system as a means of promoting pension savings.
