Thursday, 20 December 2018
Public Service Superannuation (Age of Retirement) Bill 2018: [Seanad Bill amended by the Dáil] Report and Final Stages
Yes, if somebody wishes to bring forward another Bill which takes into account everything I said about the legality of the public service pension scheme. The advice I have been given is that for many people who are currently drawing down pensions and who are in the interim situation, we would have to start looking for pension contributions back. At what scale would they re-enter? What superannuation would they have to start paying? What would the tax implications be? The net result is that I would have to withdraw this Bill. I cannot do that because there are public servants waiting to have this enacted. I do not have a magic formula for this. I do not want to withdraw the Bill and come back in three months’ time with the same legislation, stating 65 continues to be 65 rather than being able to say 65 is now going to 70.