Cork TD urges public to learn about new pension scheme 

Mr O’Shea said it is important that the enrolment start date of January 1 happens, so workers have proper pension cover.
Cork TD urges public to learn about new pension scheme 

Mr O’Shea said that the multimedia advertising campaign on the auto-enrolment scheme, ‘My Future Fund’, will inform people about how the system works and who can participate.

A Cork TD has urged all workers and employers to get on board with a new pension information campaign, and educate themselves on the new auto-enrolment scheme which begins next year.

Cork North West Fine Gael deputy John Paul O’Shea said that a new public awareness campaign on the auto-enrolment retirement savings scheme will further copperfasten the start date of January 1, 2026.

Mr O’Shea said that the multimedia advertising campaign on the auto-enrolment scheme, ‘My Future Fund’, will inform people about how the system works and who can participate.

Mr O’Shea said it is important that the enrolment start date of January 1 happens, so workers have proper pension cover.

“The launch of the My Future Fund information campaign informs employers and employees about how the scheme will work and what needs to be in place in advance of the scheme starting,” 

he said.

Mr O’Shea added that he urges all workers and employers to get on board with the information campaign, and to educate themselves on what needs to be in place for just over five months’ time, when auto-enrolment starts.

“The delivery of My Future Fund will be transformational for this country.

“Ireland is the only country in the OECD that does not have an auto-enrolment scheme in place. We know that pension coverage is too low in this country.

“Recent figures have shown that it is as low as 35% in the private sector.

“My Future Fund will see employers match the amounts saved by their employees. The State will then top up each participant’s savings pot by €1 for every €3 they contribute.”

Read More

Post office in Cork to close later this month

more #Pensions articles

Cork TD calls for swift passing of Social Welfare Bill Cork TD calls for swift passing of Social Welfare Bill
Cork councillor calls for gender equality for those over 80 in Budget Cork councillor calls for gender equality for those over 80 in Budget
'Flexible pension age' model to be introduced as reform of State Pension system announced 'Flexible pension age' model to be introduced as reform of State Pension system announced

More in this section

Man, 30s, taken to hospital following alleged late-night assault in Cork city Man, 30s, taken to hospital following alleged late-night assault in Cork city
Five years on, damaged wall at site of fatal crash in West Cork is still not repaired, councillors told Five years on, damaged wall at site of fatal crash in West Cork is still not repaired, councillors told
Annual Fianna Fail Wolfe Tone Commemoration Taoiseach: 'Offensive and just wrong' that anyone would use Irish flag as instrument of exclusion

Sponsored Content

Every stone tells a story Every stone tells a story
Absolute Property – Over a quarter century of property expertise Absolute Property – Over a quarter century of property expertise
Stay Radisson: Stay Sligo, Limerick, Athlone and Cork Stay Radisson: Stay Sligo, Limerick, Athlone and Cork
Contact Us Cookie Policy Privacy Policy Terms and Conditions

© Examiner Echo Group Limited

Add Echolive.ie to your home screen - easy access to Cork news, views, sport and more