| 19.8°C Dublin

State pension age should not go beyond 66 – Taoiseach

Micheal Martin said that PRSI increases may be needed.

Close

Taoiseach Micheal Martin has said there was a good discussion on pensions (PA)

Taoiseach Micheal Martin has said there was a good discussion on pensions (PA)

Taoiseach Micheal Martin has said there was a good discussion on pensions (PA)

The Taoiseach has told party members that he does not believe the State pension age should go beyond 66.

Micheal Martin said that PRSI increases could be needed to ensure the pension age is not increased.

Speaking following a special parliamentary party meeting, Mr Martin said there is a “clear groundswell” of support in the party to retain the pension age.

Mr Martin said there was a good discussion on pensions and that members of the parliament party wanted clarity on Fianna Fail’s position.

So there has to be give and take, either in respect of PRSI or the age question, we have to work with our coalition parties on finalising that whole areaMicheal Martin

“I made the point that we didn’t see the age going beyond 66 but that would then have implications for the PRSI increases in the medium term.

“So there has to be give and take, either in respect of PRSI or the age question, we have to work with our coalition parties on finalising that whole area.

“But there was a clear groundswell within the parliamentary party that they wanted pension age retained at 66 but then that has implications for the PRSI and that was the context.

“The first thing government parties will need is ongoing consideration of the Pensions Commission’s recommendations, and indeed the recommendations the Oireachtas committee also made in relation to that report.”

The recommendation made by the commission was that the pension age should gradually increase to 67 before 2031, and then 68 by 2039.

The Report of the Commission on Pensions put forward proposals in order to address the sustainability of the state pension system and the Social Insurance Fund (SIF).

Close

The recommendation made by the commission was that the pension age should gradually increase to 67 before 2031, and then to 68 by 2039 (PA)

The recommendation made by the commission was that the pension age should gradually increase to 67 before 2031, and then to 68 by 2039 (PA)

The recommendation made by the commission was that the pension age should gradually increase to 67 before 2031, and then to 68 by 2039 (PA)

The Pensions Commission proposed to increase the State pension age by three months every year from 2028.

Daily Digest Newsletter

Get ahead of the day with the morning headlines at 7.30am and Fionnán Sheahan's exclusive take on the day's news every afternoon, with our free daily newsletter.

This field is required

In a report published in February, the Social Protection Committee recommended maintaining the qualifying age for the state pension at 66, and to introduce legislation to ban mandatory retirement clauses in employee contracts.

Mr Martin said his party will consider both recommendations.

“We don’t have a specific timeline just yet. These are weighty issues,” he added.


Most Watched





Privacy