Ireland | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Ireland


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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.

 

Progressive Results: 

Year

Overall

Adequacy

Sustainability

Integrity

2017 65.8 77.9 43.9 77.2
  The Irish index value increased from 62.0 in 2016 to 65.8 in 2017 primarily due to the inclusion of the new economic growth question in the sustainability sub-index.
2016 62.0 76.2 34.8 77.3
  Irish index value fell from 63.1 in 2015 to 62.0 in 2016 due to a number of small changes.
2015 63.1 77.60 36.2 78.5
  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.
2014  62.2  77.6  36.0  74.1
  New to the Index.

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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies