Consultation on the Automatic Enrolment (AE) for employees into a retirement savings system

The Government has published a high-level draft proposal paper called a ‘Strawman’ designed to generate discussion in the design and development of an Automatic Enrolment (AE) system for employees into a retirement savings scheme for Ireland.

Read the Strawman document here.

The Strawman acts as the basis for a wider national public consultation process on AE and to help develop a preferred operational structure and design for a new national retirement savings system.

Depending on feedback received, and further analysis to be completed by the Department of Employment Affairs and Social Protection, the final design of the system may closely resemble the Strawman or may deviate significantly from it.

HAI would like to submit a collective response on behalf of its member by the deadline date of 4^th November 2018. Members may feel that this new scheme and the draft proposals will put our industry at a competitive disadvantage to the chains who employ mostly part-time staff earning less than €20k. Is this what you think? What else do you think about the proposals? Is this yet another business cost you can ill-afford?

Please submit all comments on the Strawman document by phone or email to Jim Copeland at jim@hardwareassociation.ie or call 01-2980969 by Tuesday 30^th October.

Government-run seminars on this topic are on the following dates:

Monday 15^th October at 10.00 -12.30 at the Intreo Centre, Sean Duggan Centre, Fairgreen Road, H91 XT91 Galway.

Friday 19^th October at 10.00- 12.30 at the Council Chamber, Cork City Council, City Hall, Anglesea Street, T12 T997 Cork.

Visit http://www.welfare.ie/en/Pages/Consultations.aspx to register for these seminars.