Sinn Féin hit out at proposals to overhall pension system

Sinn Féin hit out at proposals to overhall pension system

Sinn Féin is hitting out at the Social Protection Minister's proposals to radically overhaul the pension system.

Minister Joan Burton said that she wants to implement a new universal pension scheme - which employees would be automatically enrolled into - in order to ensure they have adequate funds when they retire.

Under the plan, workers will have to opt out of the scheme themselves, if they do not want to be part of it.

But Sinn Fein TD Aengus Ó Snodaigh said that the vast majority of employees can barely afford their existing pension contributions and therefore he feels most workers will opt out of paying a second pension.


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