Feargal Quinn (Independent)

Only a small proportion of the population approaches pensionable age with provision for a proper pension in their declining years. Some months ago, the Minister for Social and Family Affairs, Deputy Brennan, flew a kite and suggested that it might be time to consider compulsory or mandatory pensions. However, that was shot down by various vested interests.

I raised the subject last week again during the social welfare debate. I was pleased the Minister announced on radio that he will bring forward the decision on mandatory pensions. Mandatory pensions are in place in other countries such as Finland, Germany and Sweden while Australia is also considering it. We have an obligation to do something about pensions and, while I do not know whether they should be mandatory, this topic should be debated in the House.