Fewer people expecting to use State pension alone to fund retirement, new figures shows

CSO data shows between July and August, 67% of workers aged between 20 and 60 had some form of pension coverage outside the State pension

67% of workers aged between 20 and 60 had some form of pension coverage outside the State pension.

The number of people without a personal or occupational pension who expect to use the State pension to fund their retirement has fallen to 52% as awareness of the new auto-enrolment scheme remains low, new data from the Central Statistics Office (CSO) shows.

The data shows between July and August, 67% of workers aged between 20 and 60 had some form of pension coverage outside the State pension. The highest rate was seen in the 45 to 54 age group at 80% while the lowest rate among those aged 20 to 24 at just 27%.