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TAOISEACH LEO VARADKAR is planning a new pension system that would see private sector workers contribute to a private pension without them choosing to do so.
Varadkar teased the plans in a speech at the Ibec President’s Dinner in Dublin this evening, saying the issue of pensions “has been long-fingered for too long”.
An Taoiseach did not provide much detail on the proposal beyond saying that he envisaged it being in place by 2021.
He also repeated a previous pledge from the government to ban zero-hour contracts.
An auto-enrolment pension system sees a portion of a worker’s pay automatically directed into a pension fund.
If a worker did not want this, they would likely have the option to opt out of it.
Such a system was introduced in the UK in 2012 and Varadkar wants to see it enforced here.
“Another priority is to ensure that more people in work make provision for decent pensions when they retire,” Varardkar said in the speech to Ibec.
This issue has been long-fingered for too long, and now that the economy is recovering strongly we must act decisively, and we will publish a five-year roadmap for pension reform before the end of the year. This will include the introduction of an auto-enrolment pension scheme for private sector workers, two-thirds of whom currently have no occupational pension to supplement their State pension.
“I anticipate the first payments being made into those new individually held funds by 2021,” he added.
In some jurisdictions auto-enrolment systems have seen opposition from employers’ groups who argue they add an administrative burden for business owners.
Such a system could also include a provision whereby the employer must also contribute to the pension scheme, something that employers may see as an additional tax.
The specifics of the plan were not mentioned by Varadkar who said the government will “work closely and consult with employers on the design of this scheme”.
Aspiration
Elsewhere in his speech, Varadkar said it is the government’s job to “foster a culture of aspiration” in the country.
He told the business people in the room that a “better life” is not something that is “handed down” to people.
“This government believes in hope and aspiration, a better life as something to aspire to, and something to rise up to,” he said.
It’s not something that can be handed down by someone else. The State can’t solve everyone’s problems for them, and most people don’t expect it to, but the state can help, and it should. It should see itself, and be, an enabler and facilitator of progress.
On Brexit, Varadkar said the government’s priorities were to maintain a frictionless border, keep the Common Travel Area and to protect the peace process.
Again on Brexit, he also said the government will be “shaping our own destiny, rather than relying on others to do it for us.”
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They should keep off those porn sites, nothing but trouble………..
You seem to be very familiar with those sites!
I was until I caught a virus……..
its those genuine girls in your area who always trick you
Better to get a virus from the promiscuous ladies on your computer than a virus from the promiscuous lady on the street
Was it blue flu?
I thought the same Sean?
Roses are red,
Violets are blue,
I have Chlamydia,
now you have too……
Swine flu, no?
No point catching the virus, he will get suspended sentence. They need to eliminate it completely.
The virus had 142 previous infections, but was a mutation from a troubled virus.
Hahaha
I’m not confident in the integrity of the security of Garda IT systems.
Rumour has it the virus refused to start working unless it got a pay rise
It was the blue flu virus.
I’ve long suspected that Garda Management have been infected by malware planted by the Government that affects their ability to represent the best interests of the force, and of the public and allows them sit idly by and let their numbers, resources & morale be decimated- telling us all the while that they are adequately resourced.
Our police force is unfit for purpose. A shower of scruffy, unwashed money grabbers. A national embarrassment
Was in a shop last week, when a female police officer was buying a breakfast roll. Christ her tie was still covered from yolk from her previous roll. Her hair was u kept, trousers looked like she’s slept in them, and her shoes looked like they’d been lying in a big. Disgusting
You really are the biggest tool who posts on the Journal. You should invest some of that spare time in learning the English language.
Are you one of that disgusting police force Martie?
Maybe she spent her night dealing with calls from your filthy riff raff housing estate.
Nothing like a girl in uniform, then add a breakfast roll into the equation. Happy Days!
God no! I don’t live in a housing estate. I only voice my opinion on the state of our police force. No one can deny how scruffy and uninterested they are! It’s all well and good to be patriotic, but some things have to be said.
Dirtbag
Waster
Tell us how you really feel John……..
Even the computers are infected along with everything else in the AGS
So Gardai are claiming they found a Zero day? If so, that is really good cyber Forensics work on their part!
I highly doubt it was their detection, more likely something triggered them to bring in a third party to analyse the affected system.
No doubt there will be rumbles of “well maybe we should update to Win 10″ now that it’s no longer free
You couldn’t update from xp which the gardai use.
It wasn’t free for commercial companies to upgrade and if they did upgrade they could be in for some fines if a Microsoft audit ever takes place.
Good aul An Garda Siochana and their Windows Millennium Edition…what hacker would want to write code to infect their outdated systems
Somebody opening those penis enlargement emails.
How else are the guards supposed to download Taylor Swift, after she deleted from Spotify.
Keep taking the ‘tablets’!!!!
Have the ex TD’s given the tablets back yet?
If you’ve been hacked you’ll never know it. unless the inch hacked are released to the public media.
information*
Probably using free AV software
They might have found info on ambassadors and politicians selling Irish passports. They may even have people apply and then look after their application.
Garda.ie is being redesigned, finally!
With all the Garda cutbacks and underfunding, it’s more ‘Heartbeat’ than PULSE. I’d really hate to think anything bad happened to the Operation Mizen files though..
Hope pulse doesn’t spit out all those speeding fines, Especially the supers.
…….
Malwarebytes.
Do the guards actually have a clue these days when it comes to computers? I remember back in the day. The internet a playground for the mischievous and the guards barely knew what a computer was.
Yeah the virus is called the blue flu!
have your say