Under New Plans People Who Work Past The Age Of 66 Will Benefit From A Higher State Pension

Tuesday, 20 September 2022 09:38

By Caoimhe Harney

Those who work until 70 years of age will receive over €300 a week.

Those who work until the age of 70 will benefit from a higher state pension of €315 a week.

New measures to be unveiled by Social Protection Minster Heather Humphreys today, is aimed at keeping more people in work for longer and ending the political row over retirement age.

According to the Irish Independent those who leave work at 66 will get the current weekly rate of €253, rising to €266 at €67, €281 at €68 and €297 weekly if you retire at the age of 69.

The highest weekly rate of €315 euro will apply to those who remain in work until the age of 70.

It's set be approved by cabinet today and the Minister aims to have the new scheme in place by 2024.

Meanwhile negotiations are also continuing on an increase to the state pension on budget day next week

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