22 09, 2017

Pension reform part of 5-year roadmap to fiscal revamp

2017-09-22T21:13:05-07:00September 22nd, 2017|Categories: Pension Reform|Tags: |

The government will publish a five-year roadmap for pension reform which will include the introduction of an auto enrollment pension scheme, Leo Varadkar said last night. In a speech to employers group Ibec last night, the Taoiseach also said his Government will outlaw zero-hour contracts in new legislation which take precedence during this Dáil term. Mr Varadkar outlined pension reform as one of the five key principles of the Government’s economic policy and said this ‘roadmap’ will be published [...]

31 05, 2016

Half of Irish workers have no pension plan

2016-05-31T21:23:39-07:00May 31st, 2016|Categories: Defined Benefit Plans|Tags: |

Official figures showing that well under half of workers are making plans for any sort of retirement pension highlights again the challenges facing the Government and the pensions industry as the State’s population ages. The CSO’s Pension Provision report showed under 47% of people with jobs had a pension, while only 46% of working women had made any provision for their retirement. The findings are from the large Quarterly National Household Survey for the last three months of 2015, [...]

22 04, 2015

Employees may soon pay more for pension

2015-04-22T17:14:42-07:00April 22nd, 2015|Categories: Defined Benefit Plans|Tags: , , |

Private sector employees who are still members of final salary or other “defined benefit” pension schemes might count themselves lucky to be in such attractive retirement arrangements – but they could well find that the terms they receive are downgraded in a year’s time. In April 2016, the state pension scheme will be overhauled – and a side-effect of that will be the ending of a very useful rebates system for all defined-benefit plans. As of that month, employers [...]

29 05, 2014

IASS warns over law that will force them out of pension fund

2014-05-29T21:53:39-07:00May 29th, 2014|Categories: Retirement|Tags: , , |

Members of the insolvent aviation staff pension scheme are calling on TDs and senators to vote against legislation that they say will allow any deal to tackle its €750 million shortfall to be railroaded through without reference to current or former workers. The State Airports (Shannon Group) Bill, now before the Oireachtas, includes a provision allowing amendments to the Irish Aviation Superannuation Scheme (IASS), which is the subject of a long-running row between Aer Lingus, Dublin Airport Authority and [...]