Ireland’s retirement income system comprises a flat-rate basic scheme and a means-tested top-up. Voluntary occupational pension schemes have limited coverage.

The overall index value for the Irish system could be increased by:

  • increasing coverage of employees in occupational pension schemes thereby increasing the level of contributions and assets
  • introducing a minimum level of mandatory contributions into a retirement savings fund
  • providing greater protection of members’ accrued benefits in the case of employer insolvency
  • reducing government debt as a percentage of GDP

The Irish index value increased slightly from 62.2 in 2014 to 63.1 in 2015 primarily due to recognition of inhouse asset limits.


Go to MMGPI report >