Government approves Bill to introduction pension auto-enrolment and publishes General Scheme of the Employment Restrictions of Certain Mandatory Retirement Ages) Bill 2024
Proposed legislation is now in train in two key areas of reform in relation to the retirement and pension landscape; the introduction of a pension auto enrolment system and measures to restrict the setting of mandatory retirement ages by employers below the State pension age of 66. This follows the introduction of a flexible State pension system in January 2024 where people now have the choice to work until 70 in return for higher State pension.
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