Oireachtas Joint and Select Committees
Wednesday, 12 February 2014
Joint Oireachtas Committee on Education and Social Protection
Implications for Employees of Changes to Pension Age: Discussion
2:10 pm
Dr. Orlaigh Quinn:
A State pension is a very valuable benefit. If one were to go into an insurance company to buy a State pension - around €12,000 - one would need to have €300,000 in one's pocket.
In respect of the Tús course and the 62 year old individual concerned, the purpose in changing the retirement age is to encourage people to work longer.
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