Posts Tagged ‘retirement age’

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Retirement Age

March 1, 2010

Proposed Pension Age Increase

The Irish Senior Citizens Parliament is concerned that the reported increase in the minimum age for the non-contributory State pension might not fully take the individual health & well-being of Older People into consideration.

Responding to the press reports arising from the upcoming launch of the Government’s “National Pensions Framework” and Bank of Ireland’s announcement that it may raise its retirement age to 68, Máiréad Hayes CEO of the Parliament said that any change to retirement age must be gradual & must take the circumstances of the individual Older Person into account.

Minister of Social & Family Affairs, Mary Hanafin warned last October that the Government might raise the pension age. Finance Minister Brian Lenihan announced in Budget 2010 that future public servants would not qualify for a full pension until the age of 66, while the Dept. of Finance has indicated that the retirement age could be set at 70 for public servants. This was also an option mentioned in the McCarthy Report.

The ISCP welcomes the clarification by An Taoiseach, Brian Cowen, on the other hand, that there are no immediate plans to increase the existing retirement age for either public or private sector workers.  In particular we note his statement that the Pension Framework “would be a ‘very long-term framework’, setting out Government thinking on pensions and retirement age”.

Continuing Máiréad Hayes pointed out that there is a cumulative impact from a number of recent government decisions all of which are increasing the risk of poverty amongst Older People in Ireland. Pensions & retirement must be agreed in a coherent fashion and any changes must take both short-term & long-term objectives into consideration.

“We have today initiated public participation in this debate on our website – come to www.seniors.ie and let us know your views “, concluded Ms Hayes.

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