Oireachtas Joint and Select Committees
Wednesday, 24 November 2021
Joint Oireachtas Committee on Social Protection
Report of the Commission on Pensions: Discussion (Resumed)
Denis Naughten (Roscommon-Galway, Independent) | Oireachtas source
All members agree we need to develop those soft measures, regardless of the current debate, but the concern from the Pensions Commission and some of the evidence we have heard from economists is that if the statutory retirement age is not increased, those soft options will not have the impact on the numbers of people remaining in full-time or part-time employment. I do not have the answer to this. Mr. Taft may not have it either. Is there evidence from elsewhere that these soft options may not meet the 0.7% but would come close to it? It is not a black or white situation. Is there evidence that increasing the age threshold for the pension would bring in 0.7% of GNI*, but if all the soft options are coupled together, that could bring in a proportion of that 0.7% of GNI*? Does that evidence exist?
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