Plans to avert a looming pension timebomb by auto-enrolling workers in schemes will be agreed by Cabinet this week.

It would see all private-sector workers over a certain age and income level automatically signed up for a pension scheme.

The employer, the employee, and the State would then contribute to the pot.

Eunice Dreelan, Chair of the Irish Association of Pension Funds and explained the situation to Ivan on this evening's edition of the Hard Shoulder.