Dáil debates
Thursday, 27 October 2005
Pension Provisions.
4:00 pm
Séamus Brennan (Dublin South, Fianna Fail)
I should receive the Pensions Board report in a few weeks. I intend to publish it after the Government has considered it in order to have a debate on the options for the future. I have asked the board to think radically. I do not know what it will propose but I trust that it took on board my request not to dodge the issues.
The nation needs to address this serious situation but it is not a political issue. Every country, including the United Kingdom, Australia and New Zealand, is struggling with pensions because people live longer and retire earlier than in the past and the gap between the two is great. The tax relief we give on pensions is almost €2 billion per annum.
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