ONE in 25 workers auto-enrolled to the Government’s new auto-enrolment (AE) pension scheme, ‘My Future Fund’ –Â or 28,178 – come from Limerick.
The lion’s share of the workers auto-enrolled to My Future Fund come from Dublin, with one in three (32 per cent) – or 262,611 people.
Cork had the second highest share of workers auto-enrolled, with one in 10 (75,706) residing in Cork.
Around one in 20 of the workers enrolled (38,463) come from Galway.
This is according to Government figures providing a county-by-county breakdown of enrolments since the scheme was launched at the start of the year.
Keith Butler, CEO of Ask Acorn (a nationwide network of financial advisers) said “the figures reflect the concentration of workers in various counties, and so naturally, counties with higher concentrations of workers hold a higher proportion of the overall number of workers auto-enrolled to AE than is the case for other counties.”
Workers are being urged to weigh up AE before the opt-out window closes
So far, over 763,000 employees have been automatically enrolled since the start of the year, with their first contributions made in January.
Pension experts at Ask Acorn are urging workers that have been signed up to AE to carefully weigh up the scheme and decide if it’s going to form part of their long-term plans or not, reminding these workers that they are still within the opt-out window – which is between six months and eight months of the date they were automatically enrolled – if they wish to leave the scheme.