Dáil debates

Wednesday, 17 April 2019

Ceisteanna Eile - Other Questions

Pension Provisions

11:50 am

Photo of Aindrias MoynihanAindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

Over many years, the State has encouraged people to make provision for their own pension. People need to have confidence that the system will deliver for them in respect of their pensions but mixed messages have been sent here and restrictions have been put in. I understand from the Minister that there is a move to take action, and that is important, but will that action deal only with existing pensions? Will it pay back what has been restricted? How confident is the Minister on his estimation of "around 1,000" such cases? We know that one in seven is restricted. Are there a total of 1,000 or might there be many others which have not been discovered yet? We also need to know how quickly people will get the increased pension which they were expecting and for which they had paid.

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