Tuesday 21 November 2017

Pension levy is akin to a heist on ordinary people


SECRETARY General of the Department of Finance John Moran was asked yesterday if the controversial levy on the pensions of private-sector workers would cease as planned in 2015. He was unable to offer any assurance that the levy would go when he spoke at an Irish Association of Pension Funds conference.

The taking of a chunk of money out of ordinary people's hard-earned pension pots is akin to a heist.

Finance Minister Michael Noonan had promised when he introduced it in 2011 that it would last for no more than four years.

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