Update on MyFutureFund – the Automatic Enrolment Retirement Savings System

Source: Government of Ireland

The Programme for Government 2025: Securing Ireland’s Future contains a commitment to implement the auto-enrolment retirement (AE) savings system. This commitment was realised on the 1st January 2026 with

  • the commencement of the remaining parts of the Automatic Enrolment Retirement Savings Act 2024 (AE Act), which relate to enrolment of participants, the collection and investment of contributions, payments out of accounts, reviews and appeals of eligibility determinations, and compliance and enforcement,
  • the collection of contributions to the scheme from employees who had been auto enrolled and their employers,
  • the investment of those contributions (coupled with a top-up from the State) with three investment managers contracted for that purpose, and
  • the provision of a participant portal to let employees view their individual account and avail of various services.

Board and Support

NAERSA’S seven-member Board has been meeting once a fortnight on average since its establishment and has now assumed responsibility for all operations of MyFutureFund from the Department, following on from the novation of all contracts. The Department continues to provide support when needed.