Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

I am aware of the problem. We are looking for a solution precisely because of the reason mentioned by the Deputy, namely, the fact that this issue will become twice as frequent in 2021 and three times as frequent in 2028 so it would be wise of us to find a solution as quickly as possible. Admittedly, it certainly would have been wiser when the change was made a few years ago to think through many of these consequences and the bad solutions in place. The ideal solution is for trustees of pension funds to do the right thing and extend the bridging for another year. This is what they should do but in cases where they do not, it leaves individuals very exposed to a reduction in their income through no fault of their own for that one-year transition period. While we do not yet have a solution, we will try to develop one.

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