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Plans to proceed with raising State pension age meet stiff resistance

Plans to proceed with raising State pension age meet stiff resistance

The Irish Government plans to proceed with increasing the State pension age from 66 to 68. However, such proposals have been highly criticised by Opposition parties as well as various groups representing the older people. One of the major debates in last year’s general election was political promises over when an individual should qualify for the State pension. This led to the Coalition complying with the planned rise of the State pension age to 67 years – that was deferred by the Government last October. The Pensions Commission’s report is believed to recommend that the State Pension age should not increase until 2028. It is understood that the commission’s recommendation will be accompanied by options for ensuring the sustainability of the Social Insurance Fund, if the start of increase in the pension age is deferred until 2028. Currently, campaigns are held against an increase in the pension age.

Read Full Story: https://www.irishtimes.com/business/personal-finance/plans-to-proceed-with-raising-state-pension-age-meet-stiff-resistance-1.4669775

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Plans to proceed with raising State pension age meet stiff resistance

The Irish Government plans to proceed with increasing the State pension age from 66 to 68. However, such proposals have been highly criticised by Opposition parties as well as various groups representing the older people. One of the major debates in last year’s general election was political promises over when an individual should qualify for the State pension. This led to the Coalition complying with the planned rise of the State pension age to 67 years – that was deferred by the Government last October. The Pensions Commission’s report is believed to recommend that the State Pension age should not increase until 2028. It is understood that the commission’s recommendation will be accompanied by options for ensuring the sustainability of the Social Insurance Fund, if the start of increase in the pension age is deferred until 2028. Currently, campaigns are held against an increase in the pension age.

Read Full Story: https://www.irishtimes.com/business/personal-finance/plans-to-proceed-with-raising-state-pension-age-meet-stiff-resistance-1.4669775

Contact Us Today