Employees to work to 68 and pay into mandatory pension

ORDINARY employees will be obliged to pay a pension tax and work until they are 68 under a national framework unveiled by the Government.

The mandatory pension scheme will be introduced in 2014 and involve workers on an average industrial wage of €30,000 per annum paying €18 a week.

This will be matched by a €9 employer contribution and also €9 from the State.