IBEC: Solution to pensions crisis must accompany retirement age issue

Increase in retirees could result in "unsustainable bill for the state"

12th August, 2016
Minister for Public Expenditure Paschal Donohoe at launch of working lives report Pic: RollingNews.ie

Business group IBEC today has said that the government must consider the retirement age issue in the context of the impending pension crisis.

They also said that the issue of setting a contractual retirement age should remain a matter between employers and their employees.

In a statement, IBEC's head of social policy, Tony Donohoe, said: "With the number of 65 year-olds set to increase by over 50% by 2026, the report paints a stark picture...

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