What are the statutory pension benefits in Ireland?

In Ireland, statutory pension benefits primarily involve the State Pension (Contributory) and the upcoming Auto-Enrolment Pension Scheme.

• State Pension (Contributory): Employees who have worked in Ireland and have paid PRSI (Pay Related Social Insurance) contributions are eligible to apply for the State Pension (Contributory).

- From January 2026, the maximum weekly rate for those claiming the pension at age 66 will increase by EUR 10, with proportional increases for those choosing to defer their pension to age 67 or 68.

• Auto-Enrolment Pension Scheme (My Future Fund): Starting September 30, 2025, this scheme is designed to increase pension coverage for employees aged 23 to 60 who earn at least EUR 20,000 annually and are not part of any existing pension plan. Both the employee and employer contribute, alongside government contributions, in the following structure:
• Years 1 to 3:

- Employee contributes 1.5% of the annual salary.

- Government contributes 0.5%.

• Years 4 to 6:

- Employee contributes 3%.

- Government contributes 1%.

• Years 7 to 9:

- Employee contributes 4.5%.

- Government contributes 1.5%.

• Year 10 and onward:

- Employee contributes 6%.

- Government contributes 2%.

Employers are required to ensure auto-enrollment for eligible employees, with penalties for non-compliance.