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We must act now to defuse retirement time bomb

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Some 900,000 workers in the private sector have no pension, other than the State contributory older age pension to look forward to in retirement (picture posed)

Some 900,000 workers in the private sector have no pension, other than the State contributory older age pension to look forward to in retirement (picture posed)

Some 900,000 workers in the private sector have no pension, other than the State contributory older age pension to look forward to in retirement (picture posed)

As we move away from the crisis management of the last few years, focus is returning to some of the long-term issues that have largely been ignored.

Pensions are among the biggest of these. People living longer means that pensions must get paid for longer, and generally there isn't enough put aside for this when people are working. This is true both for individuals and the Government.


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