Varadkar warns against temptation to delay auto enrolment pension Bill because of elections

Legislation is set to bring 800,000 workers aged between 23 and 60 and earning above €20,000 into a retirement scheme for first timeHeather Humphreys: she said she accepted Leo Varadkar’s advice about not delaying. 'Time is not on our side.' Photograph: Stephen Collins/Collins Photos

He was speaking during the ongoing debate on the Automatic Enrolment Retirement Savings System Bill, introduced by Minister for Social Protection Heather Humphreys. The legislation is set to bring some 800,000 workers aged between 23 and 60 and earning above €20,000 into a retirement scheme for the first time.

Ms Humphreys said she accepted Mr Varadkar’s advice about not delaying. “Time is not on our side,” she said adding that “the best time to start saving for a pension is always now”. The legislation will take effect next year, and Mr Varadkar expressed concerns about delaying the Bill’s implementation until 2026 or 2027.

He added that it would benefit people who work in small and medium enterprises, people self-employed, those working for NGOs in the voluntary sector, contractors like security guards and cleaners, and home helps.

Heather-Humphreys

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