Gear-shift on pensions will ensure golden years stay bright

Two major changes coming down the line are the raising of the age of retirement and a move towards more sustainable investment

3rd October, 2021
Gear-shift on pensions will ensure golden years stay bright
Jerry Moriarty, chief executive, Irish Association of Pension Funds (IAPF): ‘Raising the state pension age needs to factor in that everyone cannot work until 67, for example people who do hard manual labour. On the other hand, many people want to continue working. We need to find some way of addressing these issues that is equitable and fair.’

Major decisions are looming on Irish pensions policy that will have implications for us all, Jerry Moriarty, chief executive of the Irish Association of Pension Funds (IAPF), said.

Paschal Donohoe, the Minister for Finance, recently published a report which proposed linking the state pension age to life expectancy to reduce pension costs for the taxpayer. People are living longer and the birth rate is declining, so reforms would be needed to close the gap, it...

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