Pensions in the Republic of Ireland
Compared to other liberal democracies, Ireland's pension policies have average coverage, which includes 78 percent of the workforce as of 2014, and it offers different types of pensions for employees to choose from. The Irish pension system is designed as a pay-as-you-go program and is based on both public and private pension programs.
The Pensions Authority regulates occupational pension schemes, trust RACs, Personal Retirement Savings Accounts (PRSAs), employers and Registered Administrators (RAs). It is a statutory body set up under the Pensions Act, 1990.