Minister for Social Protection, Dara Calleary T.D., has formally established the National Automatic Enrolment Retirement Savings Authority (NAERSA). This represents a major milestone in the rollout of MyFutureFund, Ireland’s new national automatic enrolment retirement savings scheme, which will go live on 1st January 2026.

NAERSA will administer and oversee MyFutureFund, managing enrolments, contributions, and investments for around 750,000 workers who are not currently saving for retirement through payroll. The Authority will collect contributions from employees, employers, and the State, and invest these funds through a range of default and optional savings strategies. Under the system, each participant’s pension will “follow the member” when changing jobs, simplifying long-term saving.

For employers, MyFutureFund should involve minimal administrative burden. Businesses will only need to complete their employer profile on the MyFutureFund portal and set up a payment method in advance of the scheme’s rollout. The State will provide clear guidance and online supports, ensuring compliance is straightforward and efficient.

Minister Calleary emphasised that NAERSA will “handle most of the administrative work of MyFutureFund,” helping both employees and employers prepare for the transition. He also highlighted that the scheme represents “an investment in our country’s future,” supporting long-term financial resilience and greater retirement security.

While Dublin Chamber welcomes this progress, we will continue to engage with Government to ensure the rollout of MyFutureFund is efficient, transparent, and business-friendly, particularly for SMEs preparing for implementation.

Learn more about MyFutureFund at: www.gov.ie/ae