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Pension Coverage 2023

Type of Pension Coverage

Online ISSN: 2811-616X

CSO statistical publication, 26 February 2024, 11am

One in five workers with pension cover have both occupational and personal pensions

Of those in employment who had a pension in Quarter 3 2023, seven in ten (70%) had occupational pension coverage only (from current or previous employments) – down three percentage points on the same period in 2022. However, one in five (20%) have both occupational and personal pension cover for their retirement, up three percentage points on the same period in 2022. The level of personal pension cover only remains unchanged at 10%. See Table 3.1.
The prevalence of pension cover from both occupational and personal pension schemes, increased both for males and females in 2023 – 22% of males with pension cover had both occupational and personal pension schemes (18% in 2022), while nearly one in five (19%) female workers with pension cover had such pension cover (up from 15% in 2022). See Figure 3.1.
Over three quarters of workers (with pension cover) in the Public Administration and Defence; Compulsory Social Security (77%) and Education (76%) NACE economic sectors had occupational pension only. Just over one in five working in these sectors (with pension cover) had both occupational and personal pension cover - Public Administration and Defence; Compulsory Social Security (22%) and Education (21%). See Table 3.2.
One quarter (25%) of Managers, Directors and Senior Officials (with pension cover) had both occupational and personal pension schemes, compared with only less than one in eight (13%) of workers with pension coverage in the Process, Plant and Machine Operatives and Caring, Leisure and Other Services broad occupational groups.

	Occupational pension only	Personal pension only	Both occupational and personal pension
Male	66	13	22
Female	74	7	19

Table 3.1 Persons in employment (ILO) aged 20 to 69 years with a pension by type of pension, Q3 2021 to Q3 2023

Table 3.2 Persons in employment (ILO) aged 20 to 69 years with pension coverage by type of pension, NACE Rev.2 Economic Sector and broad occupational group, Q3 2021 to Q3 2023

Table 3.2 Persons in employment (ILO) aged 20 to 69 years with pension coverage by type of pension, NACE Rev.2 Economic Sector and broad occupational group^{1 2}, Q3 2021 to Q3 2023
% of persons aged 20 to 69 in employment with pension cover
		Type of pension
		Occupational pension only			Personal pension only			Both occupational and personal pension
		Q3 2021³	Q3 2022⁴	Q3 2023	Q3 2021³	Q3 2022⁴	Q3 2023	Q3 2021³	Q3 2022⁴	Q3 2023
State		73	73	70	12	10	10	16	17	20

NACE Rev.2 Economic Sector
A	Agriculture, Forestry and Fishing	36	19	27	68	68	61	10	13	12
B-E	Industry	80	80	76	5	6	6	14	15	18
F	Construction	57	57	57	29	30	20	13	14	23
G	Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles	64	66	69	19	21	14	14	15	17
H	Transportation and Storage	72	78	66	14	10	12	15	12	23
I	Accommodation and Food Service Activities	41	[51]	61	53	[36]	27	6	[13]	12
J	Information and Communication	79	79	72	6	10	10	16	11	18
K-L	Financial, Insurance and Real Estate Activities	82	77	76	5	6	5	14	17	19
M	Professional, Scientific and Technical Activities	69	69	57	19	14	17	12	18	27
N	Administrative and Support Service Activities	68	69	67	20	15	18	13	16	15
O	Public Administration and Defence; Compulsory Social Security	78	78	77	1	1	1	20	22	22
P	Education	79	81	76	3	1	3	19	17	21
Q	Human Health and Social Work Activities	71	78	72	7	4	6	22	18	23
R-U	Other NACE Activities	62	66	53	24	18	22	14	16	25
	Not stated	*	*	*	*	*	*	*	*	*

Broad Occupational Group
1.	Managers, Directors and Senior Officials	65	59	58	18	20	16	19	22	25
2.	Professionals	74	77	70	7	6	7	19	17	23
3.	Associate Professional and Technical	78	75	74	8	6	7	15	19	20
4.	Administrative and Secretarial	80	77	76	7	8	6	13	15	18
5.	Skilled Trades	73	78	76	13	9	8	15	12	16
6.	Caring, Leisure and Other Services	71	24	20	7	67	67	9	9	13
7.	Sales and Customer Service	68	57	66	24	25	14	9	18	20
8.	Process, Plant and Machine Operatives	77	81	74	10	8	14	13	11	13
9.	Elementary⁵	64	81	71	18	6	15	16	14	14
	Other/not stated	*	*	*	*	*	*	*	*	*
¹ Please note data may not add to 100% due to rounding issues.
² The compositional effect on survey results due to changes in employment in certain sectors as a result of the COVID-19 pandemic is detailed in the Background Notes.
³Includes only occupational pensions from current employment and personal pensions in current contribution.
⁴Includes occupational pensions from current/previous employments and personal pensions, including deferred pensions and pensions in draw-down mode.
⁵ Elementary occupations involve the performance of simple and routine tasks which may require the use of hand-held tools and considerable physical effort. Examples include cleaning, restocking supplies and performing basic maintenance tasks, helping in kitchens and performing simple tasks in food preparation, delivering messages or goods, etc.
* Sample occurrence too small for estimation.