Dragging its heels: government still not acting on pensions

Experts feel the government is doing little to address Ireland’s looming pension crisis

Will the government's inaction on pensions come back to haunt it?
Will the government's inaction on pensions come back to haunt it?

There’s a pension crisis brewing – fuelled by an ageing population and inadequate private sector pension provision. Estimates suggest that only about half of workers have a pension, with the rest set to rely on the state pension in retirement.

As it stands, the state pension is just short of €12,000 annually, but future financial pressure on the state could see this amount fall, ...