Dáil debates

Tuesday, 6 November 2012

Pensions and Retirement Lump Sums: Motion [Private Members]

 

8:25 pm

Photo of Michael Healy-RaeMichael Healy-Rae (Kerry South, Independent) | Oireachtas source

Thank you. This motion is sound and genuinely motivated. It is motivated by the crisis people are facing in their family homes. Young couples were led to take out large mortgages and borrow amounts of money which they could never repay by bankers who have now fled the banking system with their golden handshakes and massive pensions. However, these young, lovely couples are left struggling to raise their families. They honour the debt they owe every month to the best of their ability, but it is at a desperate social cost to themselves.

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