Ireland. State pension: lack of clarity criticised as changes delayed
Irish workers close to retirement are calling for clarity on the proposed new State pension system after the Government failed to meet a number of deadlines set under reform plans.
In its Roadmap for Pension Reform the Government said it would finalise the design of a new total contributions approach by the end of 2018 and bring forward the scheme’s legislation by the end of March 2019.
Having missed both these deadlines, workers are increasingly concerned about the number of years of contributions needed to qualify for a full pension, says the Irish Congress of Trade Unions (Ictu).
Under the Roadmap plans, which are set to come into effect from January 2020, workers will have to pay 40 years of contributions to qualify for a full-rate pension. However, Ictu says this target is unachievable for most older workers and that 30 years, as originally committed by the Government, is a fairer requirement.
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