THE IRISH PENSIONS Board has said it is concerned at the drop in occupational pension scheme membership.
Occupational pension schemes are organised by employers for their employees, with the contributions paid by the employees.
The Board’s latest annual report shows that the total number of active members in occupational pension schemes stood at 771,878 in April 2012 – down 38,083 members since 2010.
IPB chairperson Jane Williams said the drop is of serious concern given the importance of personal savings as an addition to the State pension come retirement.
Today we’re asking, do you currently contribute to an occupational or personal pension scheme?