Automatic Enrolment Retirement Savings System Act 2024
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Power to amend age limits and earnings threshold | ||
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56. (1) The Minister may, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform— | ||
(a) prescribe a different age than an age specified in section 50 (2)(a); | ||
(b) prescribe a different amount than the amount specified in section 50 (3); | ||
(c) prescribe a different age than an age specified in section 53 (2)(a). | ||
(2) The age or amount prescribed under subsection (1) shall be such as the Minister considers appropriate having regard to the following: | ||
(a) the general state of society and of the economy; | ||
(b) the public interest and the interests of employees and employers; | ||
(c) the impact that the substitution may have— | ||
(i) on society and the economy, and | ||
(ii) on employees or employers, generally or in particular sectors or particular kinds of employment; | ||
(d) annual and quarterly data on earnings and labour costs published by the Central Statistics Office; | ||
(e) expert opinion, research and national or international reports that the Minister considers relevant relating to the matters referred to in paragraphs (a) to (d); | ||
(f) the views of the Authority; | ||
(g) the views of trade unions and of employer representative bodies; | ||
(h) any other matters the Minister considers relevant. |