Séamus Brennan (Dublin South, Fianna Fail)

Deputy Stanton asked if I have plans to change the retirement age for the old age pension. The answer is no, I have no proposal to change the age limit of 66 years. However, I am interested in what the UK is doing in this area. There may be a case for encouraging those who choose to work for longer to perhaps receive a higher or enhanced pension. Many countries are examining this issue to find how it can be made more friendly for the individual who might want to work and get on. Many people between the ages of 66 and 76 are keen to work and do not wish to have their pensions interfered with if they do so. Our system, in the 21st century, must reflect this. However, I reiterate that the age limit will not change.

With regard to private pension schemes, the Pensions Board is examining a number of issues with regard to funding. Some companies have holes in their pension schemes and there is a major technical argument as to what constitutes a funding deficit. A safety net system applies in the UK but not in Ireland. My counterparts in the UK tell me that the UK would not take this route again if it had the choice because the system has become more than a safety net and the cost has run to millions of pounds.

On the qualified adult allowance, I met representatives of the National Women's Council, who explained their thinking in this area and with regard to the issues raised by Deputy Penrose. I have stated many times in the House that the social welfare system is not as fair to women as to men, a fact I will not hide. What we must do is to ascertain whether, through the qualified adult allowance system, we can perhaps find a mechanism for paying the allowance directly. I have asked the Department to examine the matter, particularly with regard to occupational pensions. I realise I am like a long-playing record in this regard but of the 900,000 people without pensions, 500,000 are women. There is a real issue with regard to women and the social welfare system, and I intend to return to the subject.

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