Oireachtas Joint and Select Committees

Wednesday, 17 September 2014

Joint Oireachtas Committee on Education and Social Protection

Review of Vote 37: Minister for Social Protection

1:25 pm

Photo of Marie MoloneyMarie Moloney (Labour)
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I thank the Minister for this briefing on her Vote.

When we think of pensions, we think of people who are over 66. There are quite a number of people on pensions under that age such as those on widow’s or widower’s pensions. Has the abolition of the transition pension been factored into the figures presented for this Vote? Did we cut off our nose to spite our face by abolishing that pension? If people could retire at 65 under the transition pension arrangements, automatically jobs would be created for others, taking them off social welfare. What savings were made by abolishing the transition pension? Are there any proposals such as tax incentives to encourage people to take out private pensions?