Around 750,000 workers in Ireland will benefit from a new private pension scheme once approved by Cabinet, according to Minister for Social Protection, Heather Humphreys.
Details of the new scheme emerged today and will see workers earn a further €4 for every €3 saved to their pensions account.
When the scheme is fully established - by 2023 - a worker earning €35,000 each year will accumulate a fund of around €293,000 before retirement.
