Monday February 17, 2020

Caught in a state pension trap

Plans to raise the retirement age have created a stir which unions and employers warn may turn into an uproar, writes Gareth Naughton.

12th May, 2012
Fergus Whelan, private sector industrial officer of Ictu: 'Pension reforms should be long-term. Photo: Tony O'Shea

More and more of us are living longer but, if the government gets its way, we will also be working longer. In two years' time, 65-year-olds will have to wait another year before they can access the state pension thanks to a decision to increase the pension age to 66.

Over the next 24 years, the pension age will gradually increase so that, by 2028, you will be retiring at the ripe old age of 68.

The move, which...

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