The Irish Government has unveiled comprehensive legislation for a new auto-enrolment pension scheme called My Future Fund, due to launch on 1 January 2026.

This initiative addresses a long-standing gap in retirement savings currently, only around 35% of private sector employees have supplementary pension schemes. The legislation, passed in 2024, aims to make saving for retirement easier for workers while simplifying pension provision for employers.

Ireland’s retirement framework is set to change significantly with the introduction of the Employment (Contractual Retirement Ages) Bill 2025. This legislation will provide employees with the right to remain in work until the State Pension Age (currently 66) even where their employment contract specifies an earlier retirement age, such as 65 or below.