Auto-enrolment in the Republic of Ireland

Auto-enrolment in the Republic of Ireland, formally My Future Fund, is a government scheme to provide private pensions for employed persons within the state to supplement the state pensions system and provide an easier and cheaper way of contributing outside of other private pension products such as a Personal Retirement Savings Account and occupational pension schemes. This occurs by way of a non tax-deductible contribution of a percentage of an employee's income, along with an equal monetary contribution from the employer and a smaller prescribed percentage contribution from the government.

Source: Wikipedia — Auto-enrolment in the Republic of Ireland (CC BY-SA 4.0)