Ireland’s actuaries are recommending that the government make private pensions mandatory for all workers, rather than introduce a UK-style system of automatic enrolment. The Society of Actuaries in Ireland said a compulsory pension system should be developed over the next five years as a way of increasing pensions coverage and making sure individuals have enough in retirement. Bringing in auto-enrolment is potentially wasteful, if the government later goes down the mandatory route anyway, it said. The recommendation is among the conclusions from a working party on pensions policy set up by the society in March 2013. The aim was to join the debate on whether a mandatory system was better than other methods, such as auto-enrolment, to complement the state pension. The society said it knew auto-enrolment might seem more palatable than a mandatory system in the current economic environment in Ireland. “However, in our view, a mandatory system is superior to an auto-enrolment regime for a number of reasons,” it said. A mandatory regime was a more effective way of increasing private pensions coverage than auto-enrolment, it said, citing international experience. Also, a mandatory system should be easier to run since there will be no opt-out and opt-in issues, it said. “Establishing the more complex system of auto-enrolment and subsequently introducing the mandatory regime could potentially be a waste of resources,” it added. Because it would take at least five years to bring a mandatory scheme into operation, the society said there was a need to move ahead quickly with decision-making and planning. Last April, the Organisation for Economic Co-operation and Development (OECD) said in a review of Ireland’s pension system that making it compulsory for private workers to establish a pension was the cheapest and most effective approach to increasing coverage of private pensions. It said Ireland and New Zealand were the only OECD countries that did not have a mandatory earnings-related pillar to complement the state pension at basic level.
by Tracy McCue, Sumner Newscow â€” Collin Raye, a country music singer who had a string of chart-topping hits between 1991 through 2007, will be performing at Wellingtonâ€™s Memorial Auditorium on Saturday, May 17 at 7 p.m.Mark Bowling of Derby will be the opening act at 6:30 p.m. that will include his hit song â€˜Fly Again.â€™The show is being co-sponsored through KWLS 107.9 FM, the city of Wellington, Wellington Recreation Commission and Impact Bank in Wellington.Tickets for this event are available through the WRC at 202 S. Jefferson in Wellington, or on the websites: www.kwlsradio.com, www.wellingtonrec.com. Ticket prices are $20 general admission, $40 premiere seating night of the show. If purchased by advanced with a half off coupon it will be $10 general admission, $20 for premier seating.This marks the second concert produced in the refurbished Memorial Auditorium. In 2013, John Michael Montgomery performed to a sell-out show.Raye has had 11 studio albums and 37 singles including four singles that have topped the Billboard U.S. Country charts. Those songs include 1992â€™s â€œLove, Me,â€ and â€œIn This Life,â€ 1994â€™s â€œMy Kind of Girlsâ€ and 1998â€™s â€œI Can Still Feel You.â€The May 17 stop in Wellington will be part of his nationwide tour.In addition to Raye, Bowling, a popular country music singer in the Kansas and Oklahoma marketplace for many years, will be performing. In the past few months, Bowling has wrote and recorded â€œFly Awayâ€ with the intent of raising money for cancer research. The single is available on iTunes with 75 percent of the proceeds from the sale going directly to local cancer charities.â€œThe station is excited to be able to host another show at the auditorium,â€ said Joe Moralez, manager at LS Media and a Wellington resident. â€œWe appreciate all of the support the community has given the station and the venue is a great facility. This will be a lot of fun again this year.â€Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down JustMe · 330 weeks ago Good deal. I’ll be there. I would like to see some “up and coming” people too. Report Reply 0 replies · active 330 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments