Sunday 19 February 2017

Retirees deserve more respectful treatment

Published 01/08/2016 | 02:30

Let's not forget that many people in the latter part of their 60s often have sizeable financial obligations, just like every other citizen (Maarten Wouters/Getty Images)
Let's not forget that many people in the latter part of their 60s often have sizeable financial obligations, just like every other citizen (Maarten Wouters/Getty Images)

Many people must retire from work aged 65. But at the moment, they do not qualify for the old age pension until they are 66. Up to two years ago, they would have got a pre-retirement payment but this was abolished in 2014. Nowadays, people in that situation must sign on for Jobseeker's Benefit, like all other people who are out of work. That situation appears to defy common sense.

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Today in this newspaper, we reveal that while a small and relatively constant number of people aged 60 to 64 sign on for Jobseeker's Benefit, there is a five-fold increase when the number aged 65-66 is assessed.

Next year, the pension age increases to 67 and in 2028 it will further rise to 68. Currently, the Jobseeker's Benefit of €188 per week only lasts for 50 weeks, just short of a full year. One wonders what will happen when the gap between retirement age and pension qualification lengthens.

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