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@ISIDEWITHQuestionsIrelandthe EconomyPublic PolicyPensionsRetirementSocial Welfare•••Started 2mos agoActive 1wk ago

Should the government automatically deduct a portion of every worker's salary for a private pension scheme?

Ireland is the only OECD country without a mandatory earnings-related pension system. To address this, the "Auto-Enrolment" scheme will automatically sign workers up for a pension pot funded by their wages, their employer, and the state. Proponents argue this prevents a "pensions time bomb" where future retirees face poverty. Opponents argue it reduces take-home pay for low earners already struggling with the cost of living and burdens small businesses.

7 Replies

 @ISIDEWITHDiscuss this answer...2mos2MO

Yes

 @BD4VLVY from Maine  answered…1wk1W

Workers should be automatically enrolled in a pension scheme with the option to opt out, but it should be strongly regulated, transparent, and include a public option to ensure fairness and low costs.

 @ISIDEWITHDiscuss this answer...2mos2MO

No, this is essentially a new tax on wages during a cost of living crisis

 @ISIDEWITHDiscuss this answer...2mos2MO

No

 @ISIDEWITHDiscuss this answer...2mos2MO

Yes, but workers must be allowed to opt-out if they need the cash now

 @ISIDEWITHDiscuss this answer...2mos2MO

Yes, relying solely on the state pension is a ticking time bomb for future poverty

 @ISIDEWITHDiscuss this answer...2mos2MO

No, the government should just increase the state pension instead of forcing private savings

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