Workers will have to pay fees to opt out of being automatically enrolled in Government pension plan

Hundreds of thousands of low and middle-income earners set to be automatically enrolled in a new Government pension plan will have to pay hundreds of euros in management fees to opt out of the scheme.

Social Protection Minister Regina Doherty revealed the draft plans yesterday in a bid to avoid widespread poverty among a new generation of pensioners if nothing is done to address Ireland’s dwindling pensions pot.