Government Under Pressure To Drop Plans To Increase State Pension Age

Wednesday, 2 February 2022 12:49

By Caoimhe Harney

It has been recommended to keep the age at 66.

The Taoiseach has said he has an open mind on not raising the State pension age.

It's after an Oireachtas Committee recommended keeping the qualifying age at 66 , rather than following the Pensions Commission advice to raise it to 68 by 2039.

It also advised getting rid of mandatory retirement ages in employment contracts.

People are living longer, and the amount of people working to contribute to State pension payments is reducing, and fast.

With that in mind the Pensions Commission recommended increasing the State pension age to 67 by 2031 and 68 by 2039.

But the Oireachtas Social Protection committee has said that shouldn't happen.

It has recommended to instead, increase PSRI and some taxes.

The committee also wants mandatory retirement ages banned from contracts, and exemptions for people who have worked for 40 years to get the State pension at 65.

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