Survey reveals drop in employee pension contributions

on 24/09/2012 10:39:12

A new survey shows that while 67% of Irish people have a pension, a fifth of them have reduced or stopped contributing to it because of the recession.

Up to 21% of those polled said they are not able to meet their monthly financial commitments at present, according to the Friends First annual pension survey.

Of those without a pension plan in place, 34% said they have not thought about funding their retirement.