Ireland's My Future Fund: Council Push for Extra Contributions
Galway News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Irelands new My Future Fund retirement scheme, an automatic enrollment system, is gaining traction. Workers contribute three euros, matched by employers and topped by a government contribution of one euro. Local councilor Dara Mulvey advocates for flexibility, proposing extra contributions to build larger nest eggs. The scheme targets employees earning over twenty thousand euros, aged twenty-three to sixty, not already in a pension plan. As enrollment increases, local leaders input could shape the schemes future, securing retirement income for many.
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