Pension Provisions
Dail Éireann — 2026-01-15
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Dara Calleary (FF), Mayo

I thank Deputy Moynihan for raising this issue. As he knows, we made a commitment to introduce an automatic enrolment retirement savings system. The aim of introducing automatic enrolment is to address the pension coverage gap that exists in Ireland and, in particular, to provide workers with access to a quality assured retirement savings scheme, thereby giving greater comfort and security regarding their retirement income. My Future Fund commenced on 1 January 2026. More than 763,000 employees who were not actively contributing to a qualifying pension or PRSA through payroll have now been automatically enrolled in My Future Fund. That includes 75,468 employees in County Cork.
The collection of employer and employee contributions is now under way. It is operating in line with the design and build of the system. The contributions are being topped up by the State and are being transferred to the investment managers for investment. The myfuturefund.ie portal is available to both employers and employees to access various services and will in time allow participants to view their account. This outcome is reflective of the huge effort made by officials in my Department and other stakeholders, including payroll providers and employers, in advance of the launch of My Future Fund. This is a significant and positive result which will ultimately provide employees with greater comfort and security regarding their retirement income.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-01-15/debate/main
Retrieved: 2026-08-14T04:54:30+00:00
Sitting date: 2026-01-15