Cabinet set to discuss pension scheme proposals

Moves to ensure workers take out supplementary pensions schemes were set to be discussed at the first Cabinet meeting of the year today.

Social Protection Minister Joan Burton was bringing a memo to colleagues outlining the timeframe for the introduction of a new, universal pension saving scheme intended to end sole reliance on State benefits in old age.

The Tánaiste is concerned about low rates of pension boost schemes, especially among lower-paid workers, and is seeking to establish a working group to hammer out details of any initiative.