ONLY half of workers in their 30s and 40s are saving for a pension.
This is despite four out of 10 of them being concerned about having enough income to do all the things they would like to do when they retire.
New research from Bank of Ireland Life shows that large numbers of those at the mid-point of their careers want to retire early, but they are not yet paying into a pension.
Meanwhile, a group that campaigns on social justice issues said a State pension could be provided for everyone by lowering tax breaks for workers saving for retirement.
Social Justice Ireland said the cost of a €230-a-week universal pension could be paid for by reducing tax breaks.
At the moment workers can get €100 into a pension fund for a net cost of just €59 because of the tax incentive provided by the Government to encourage pension saving.