Local Fianna Fáil TD, Deputy Erin McGreehan welcomes that 22,330 workers in County Louth, who previously had no pension provision, are now saving towards their future through Auto Enrolment Retirement Savings System.
My Future Fund was introduced by Fianna Fáil Minister Dara Calleary and aims to provide workers with access to a quality assured retirement savings scheme, and it commenced on 1 January 2026.
Nationwide, over a quarter of the workforce from more than 104,000 employers have been auto enrolled into My Future Fund and are now saving for their post-retirement future. The sectors who have had the largest percentage of workers auto enrolled include construction, retail, and hospitality.
In Louth, Deputy McGreehan, was delighted to see 22,330 employees are now further investing into their futures, having been auto enrolled.
Commenting on the uptake, The Deputy said:
“My Future Fund is truly revolutionary in terms of pensions for Ireland, and for the workers of Louth. MyFutureFund will benefit so many hardworking people over the coming years and decades, making sure they have more money in retirement than they otherwise would.
“First discussed by then Fianna Fáil Minister for Social Protection, Séamus Brennan more than two decades ago, this transformative change has now been delivered by the current Fianna Fáil Minister for Social Protection, Dara Calleary”
Additionally, more than 5,000 people have so far opted in to My Future Fund. This includes people who earn less than €20,000 a year, or who are aged 18-22 or 60-66.
She went on to say it will give people peace of mind when the time comes to retire:
“This is about giving working people peace of mind and it’s a simple way of knowing that today’s hard work that all employees do, will support them tomorrow. This will provide employees with a solid foundation for their retirement.
Concluding McGreehan stated:
“My Future Fund has started off on a strong footing. It is already supporting hundreds of thousands of workers nationwide so they can plan for their future.
She added: “People in Louth who have no pension cover, and have not been automatically enrolled, may opt in to My Future Fund through the participant portal which can be accessed through myfuturefund.ie.
“In Fianna Fáil, we recognise the significant contribution that employees make to our workforce. We are committed to providing working people with a secure pension, and a reliable foundation as they prepare for retired life.
For further information, reach out to Erin McGreehan.
ENDS
Notes to the Editors:
How My Future Fund works:
People who did not have a pension scheme, who more than €20,000 per year and are aged between 23 and 60 have been automatically enrolled into the new My Future Fund. This means that they will have extra money when they retire and won’t have to rely on the state pension alone.
An extra benefit to employees is that their employer and the State will also contribute – for every €3 that an employee puts in, the employer will also put in €3 and the State will top up by €1. This means that for every €3 contributed by workers who have been auto enrolled, €7 will be put into their account.
Workers in Louth can see their contributions, and how much they’ve saved, on the MyFutureFund participant portal at www.myfuturefund.ie
