Minister for Finance Brian Lenihan’s speech is available to read here, or to watch here.
The Government’s summary of the measures announced in the Budget is available here.
The Irish Association of Pension Funds has claimed that most people on pension schemes in Ireland are not saving enough to ensure an adequate pension on retirement.
The IAPF said the average 30-year-old should double contributions to defined schemes to ensure an adequate pay-out on retirement.
It said pension contributions should be 10% of salary for most employees and up to 15% for lower-paid workers.
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