In a significant shift towards enhancing financial security for retirees, Ireland is poised to introduce mandatory retirement saving through Auto-Enrolment (AE) in 2025. This groundbreaking initiative marks the first time the nation will see such a comprehensive system in place, impacting nearly all employers and employees either immediately or in the near future.

For employers, this change mandates a deep dive into understanding the multifaceted impacts on their businesses and workforce. Preparation is crucial. Those who currently offer occupational pension plans will face unique challenges and decisions, necessitating a thorough evaluation of their existing frameworks and how they align with the new AE requirements.

As Ireland braces for this transformative policy, Mercer’s Auto-Enrolment clinic emerges as a vital resource for Charities Institute Ireland (Cii) members. Facilitated by Michelle McSweeney, Business Intelligence Lead in Mercer & Lorna White, Knowledge and Governance Leade in Mercer, this clinic is designed to shed light on the implications of AE, guiding employers on the steps they should take now to ensure compliance and smooth integration. It presents a unique opportunity for employers to engage with experts, gaining clarity on their responsibilities and options, and to address any concerns or questions they may have regarding AE. The clinic will take place at Mercer’s office in Cork on Monday, 9th September.

The introduction of AE is more than just a policy change; it is a call to action for employers across Ireland. Understanding the nuances of this new system will be essential in safeguarding the financial futures of their employees while maintaining compliance with the upcoming regulations. Through proactive engagement and education, such as that provided by Mercer’s clinic, employers can navigate this transition effectively, ensuring they are well-prepared for the changes ahead.