Monday 5 December 2016

Anne-Marie Walsh: This timebomb threatens State and workers

Anne-Marie Walsh

Published 19/07/2016 | 02:30

Ireland is one of only two OECD countries without some form of mandatory supplementary pensions cover. (Maarten Wouters/Getty Images)
Ireland is one of only two OECD countries without some form of mandatory supplementary pensions cover. (Maarten Wouters/Getty Images)

It's a worrying statistic. About 60pc of private sector workers do not have pensions and the problem is even worse among the lower-paid.

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Ireland is one of only two OECD countries without some form of mandatory supplementary pensions cover.

Social Protection Minister Leo Varadkar's predecessor Joan Burton brought the issue to the fore when she set up a working group on the introduction of a supplementary workplace retirement saving scheme last year.

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