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)
Gerard Craughwell (Independent) | Oireachtas source
There have been a number of changes to public service schemes over the years. I think the first major change came in 1995-1996. In April 1996 they moved to a co-ordinated pension. Then we had another revision and I think in 2013 the final revision came, which meant pensions are now based over your life. That means if you want a reasonable pension, you need to be Secretary General of a Department at the age of 25 years. The 2013 pension is having a detrimental impact on the public service, and especially on the Garda, the Army, the fire service and the Prison Service as their staff all have accelerated pensions because they are forced to leave in mid-life, sort of, when they are aged in their early 50s. Has any work been done on how that has impacted both recruitment and sustainability in some aspects of the public service?
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