Call for action on pensions
James Kehoe, of consulting firm Mercer, said the real pensions' time bomb in Ireland is the inadequacy of contribution rates to defined contribution plans and that this heightens the need for protecting pensions for lower paid workers in particular.
Mr Kehoe told the Society of Actuaries in Ireland conference in Dublin yesterday if the country is to continue to be so reliant on voluntary pension provision, then it must find a way of sharing the risks associated with voluntary pension provision more equitably including with the Exchequer.
