Written answers
Wednesday, 28 September 2005
Department of Social and Family Affairs
Pension Provisions
9:00 pm
Denis Naughten (Longford-Roscommon, Fine Gael)
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Question 742: To ask the Minister for Social and Family Affairs his plans to allow persons to continue to work and pay PRSI pension contributions beyond pension age to gain eligibility for an old age contributory pension; and if he will make a statement on the matter. [25129/05]
Séamus Brennan (Dublin South, Fianna Fail)
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An increase in workforce participation of older people is one of the more important measures identified at EU level as a means of ensuring the sustainability of pensions systems in the future. One of the main factors contributing to the projected problems for the pensions system is a reduction in the available workforce in the years ahead. Accordingly, it is important to maximise the workforce participation of all sectors, including older people.
It is important that we encourage and facilitate people who would like to continue to work beyond normal retirement age. In this regard, as indicated in response to a previous question from the Deputy, the Pensions Board is reviewing our overall pensions strategy, including the measures we can put in place to encourage people to extend their working lives. My Department has also undertaken some work in this area in the context of a review of qualifying conditions for old age contributory and retirement pensions.
I expect to receive the report of the Pensions Board in the next few weeks and at that stage I will review the position in conjunction with the work already undertaken in the Department in this area.
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