Michael Creed (Cork North West, Fine Gael) | Oireachtas source

I asked one other question on the actuarial cost of reducing the pension age from 66 to 65 rather than increasing it. I do not know if the witnesses have the answer to that question. Second, I want to make an observation. I am around long enough to remember the reduction in the pension age from 70 to 66, which happened in the 1970s and was a staggered reduction every year over four years. It is a different kettle of fish to go in the opposite direction but it is worth remembering that we are revisiting an area we occupied within living memory when the retirement age was 70.