Brendan Howlin (Wexford, Labour) | Oireachtas source

It equates to a salary of €68,000. A person on €68,000 yields a pension of €34,000. That represents a significant proportion of all pensioners. Many would not have retired with a salary in excess of €68,000. Under these provisions, they will be exempted entirely from any impact through the three incremental payments over the coming three years, starting on 1 January next year. Those who have pensions greater than €34,000 will still get the benefit up to €34,000 of their income but their income above that will still have some pension contribution to make.