Location: Northern Ireland
Rep.of Ireland
Location: Northern Ireland
Rep.of Ireland
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Are Employers Legally Obligated to Enrol their Employees into a Workplace Pension Scheme?

Posted in : First Tuesday Q&A NI on 6 February 2024
Chris Fullerton
Arthur Cox NI
Issues covered: Pensions, Cost of Living Crisis

There is speculation that the UK is risking a “retirement timebomb” if more people opt out of their pensions or lower their contributions to help offset the impact of the cost of living crisis in the UK. Almost half of large businesses have reported that some employees are opting out of a workplace pension scheme altogether while some employees are reducing their monthly pension contributions to help offset the impact of the crisis.

Under the Pensions (No. 2) Act (Northern Ireland) 2008 and the Pensions Act (Northern Ireland) 2012, employers must automatically enrol employees into a pension scheme and make contributions to their employees’ pensions on their behalf if they are eligible for

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Back to Q&A's This article is correct at 06/02/2024
Disclaimer:

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Chris Fullerton
Arthur Cox NI

The main content of this article was provided by Chris Fullerton. Contact telephone number is 028 9023 0007 or email Chris.Fullerton@arthurcox.com

View all articles by Chris Fullerton