Ireland’s retirement income system comprises a flat-rate basic scheme and a means-tested top up. Voluntary occupational pension schemes have limited coverage.
The overall index value for the Irish system could be increased by:
- increasing coverage of employees in occupational pension schemes thereby increasing the level of contributions and assets
- introducing a minimum level of mandatory contributions into a retirement savings fund
- providing greater protection of members’ accrued benefits in the case of employer insolvency
- reducing government debt as a percentage of GDP.
|Irish index value fell from 63.1 in 2015 to 62.0 in 2016 due to a number of small changes.|
|The Irish index value increased slightly from 62.2 in 2014 to 63.1 in 2015 primarily due to recognition of in-house asset limits.|
|New to the Index.|