BUDGET 2012 CHANGES TO CONTRIBUTORY PENSION
December 14, 2011MEDIA STATEMENT
The Irish Senior Citizens Parliament welcomes the fact that in Budget 2012 Pensions in payment were maintained at their current rate. However the Parliament is concerned that many members who are due to receive their pension from September 2012 will be affected by these proposed changes to the contributory rates listed below.
We urge the Minister to consider a more gradual approach to these changes. We also urge all those people who have been in touch with us to make their views and individual concerns/ situations known to the Minister and their elected representatives.
BUDGET 2012 PROPOSED CHANGES State Contributory Pension
| Average PRSI Contributions per Year | Previous Payment | Proposed Payment | Difference |
| 48 or more 40-47 **
30-39** 20-29** 15-19 10-14
|
230.30225.80
225.80 225.80 172.70 115.20 |
230.30225.80
207 196 150 92
|
Nil Nil
18.80 29.80 22.70 23.20 |
**Previously this referred to 20-47 contributions
Qualified Adult: at this time we do not have figures
These changes require legislation and are not yet in affect.
ENDS
For further information please contact
Mairead Hayes 086 349 8848
This measure is particularly harsh on women who took time out to raise their families prior to 1994. It should be highlighted as an equality issue.
Michael O’Brien
Why has there been no discussions on this subject in the media.Government said no cuts to social welfare basic payments,now they are hitting possibly those who were relying on getting a reasonable payment even though they had not enough contributions for a full pension. Time for a higher media profile on this one.
Please add my voice to lobby against this. As someone who entered the workforce at 16 and took 20 years out to raise a family, I will suffer a reduction of almost €30 per week despite having over 1000 contributions…….This more than wipes out the small pension I would get from my current post in UCD!! Not fair at all. Marie Glynn
Am very concerned about these proposed changes. Do you know when they are supposed to come about. should be retiring in December 2013. I have approximately 29 and a half contributions.