Thursday 14 December 2017

It's essential that we get pension reforms right

GOVERNMENTS can influence long-term events much more readily than day-to-day problems. But they usually try to do the reverse.

Joan Burton's efforts to reform the pension system are important because they have real potential to ensure that millions of Irish people retire with dignity. Ms Burton is unlikely to do anything more important in her career even if she ever became Taoiseach.

It is therefore vitally important that the proposed reforms are well designed. This will require time and thought, but Ms Burton should not waste too much time or she risks being steam-rolled by the powerful pensions lobby.

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