Oireachtas Joint and Select Committees
Wednesday, 8 February 2023
Joint Oireachtas Committee on Social Protection
General Scheme of the Automatic Enrolment Retirement Savings System Bill: Discussion (Resumed)
Denis Naughten (Roscommon-Galway, Independent) | Oireachtas source
I am not aware of the situation regarding the New Zealand system. However, there is a significant difference in both the rate of payment and buying power of the state pension in the UK compared with here. All Oireachtas Members advocate for UK retirees who are legally entitled under our means-tested payment to a top-up here, even though they qualified for a contributory pension in the UK, because of the inadequacy of the UK pension compared with the Irish pension. There is a stark contrast between the State pension provision compared with that of the UK. Is that the same in New Zealand? Is its state pension more comparable to the Irish or UK system? I do not expect Ms Thornton to know that.
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