The Automatic Enrolment Retirement Savings System Act 2024 (No. 20) introduces Ireland's national auto-enrolment pension framework, aimed at enhancing retirement savings for workers. Central to this initiative is the establishment of the Automatic Enrolment Retirement Savings Authority, which will oversee mandatory enrolment for eligible employees. The Act mandates contributions from employees, employers, and the State, ensuring a collaborative approach to pension funding.

Additionally, the Act outlines a range of regulated investment options paired with robust consumer protection measures. It guarantees the portability of pension accounts, allowing individuals to transfer their savings throughout their working life, and incorporates strong governance structures to maintain oversight. This reform marks a significant advancement in providing long-term pension coverage and improving retirement security across Ireland.