Dáil debates

Tuesday, 21 February 2017

Other Questions

State Pensions Reform

5:45 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

In the summer of 2011, the Minister's Department gave a strong warning on this, according to the Irish Examiner, which did some research in the area. It indicated the Department should not have proceeded with these effectively massive cuts to the cohort of pensioners born from the late 1940s onwards and who had irregular and incomplete contributions. They are now suffering year after year. At the time, Deputy Burton stated there was a choice between €475 million in cuts or €665 million in cuts. If one considers the cumulative effect of the change that took place, it may well run into hundreds of millions of euro in terms of the cost to the people themselves. The figure for those affected has been put at 43,000.

Does the Minister agree a universal tier one pension should be his first priority as a Minister before we start thinking about tiers two and three? There are massive tax expenditures on private pensions, amounting to approximately €2.5 billion that far outweigh the €1 billion mentioned by the Minister. Should we be trying to get justice at long last, particularly for the cohort of women pensioners?

Comments

No comments

Log in or join to post a public comment.