Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

10:30 am

Derek McDowell (Labour)

Yes. The middle-ranking people who move out before reaching retirement age are those who get better jobs in the private sector which pay them more money. These people are a real loss to the system. The dead weight people who do not move out remain as constants. One will lose quality people by imposing an absolute cap which does not discriminate.

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