What are the benefits of the new auto-enrolment pension scheme?

Having a good 
retirement savings plan is important for everyone — from employees to
employers and the Government

The objective of the scheme is to ensure that every worker will have access to a workplace pension to supplement the basic state pension. Photo: Getty

Martin O’Sullivan

Many employees, including farm workers and farmers working off-farm, will be impacted by the new auto-enrolment pension scheme recently published — it has to pass through the Dáil and the Seanad before it becomes law.

The objective of the scheme is to ensure that every worker will have access to a workplace pension to supplement the basic state pension.