Move To Increase Pension Age To Be Delayed By Almost 10 Years.

Thursday, 9 September 2021 16:41

Govt. accused of ignoring mounting pensions funding crisis.

The government has been accused of once again kicking the can down the road on pensions.

After it was revealed a move to raise the state pension age to 67 will be delayed by up to 10 years.

Paul O’Donoghue reports

The Siptu union says companies and self-employed workers should pay more towards pensions.

Siptu economist Michael Taft says the pension system will face funding issues as the population ages.

But says businesses should contribute more

🚨EXCLUSIVE: Increase in State pension age to 67 should be delayed by seven years, report to recommend https://t.co/mLtFPsNWy0
— Hugh O'Connell (@oconnellhugh) September 9, 2021

A finance expert says the government is choosing to ignore the building issue around how the state pension will be funded.

Jerry Moriarty of the Irish Association of Pension Funds says funding problems are continuing to build

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