Monday June 1, 2020

Money Matters: Time for action on pensions

It is hard to muster much enthusiasm for yet another pensions report, writes Emma Kennedy

18th July, 2016
Minister for Social Protection Leo Varadkar Pic: RollingNews.ie

The ticking timebomb of pension adequacy has been the subject of multiple reports over the last two decades. All draw broadly similar conclusions: an ageing population with inadequate private sector pension coverage spells a major headache for future governments.

Estimates suggest that only about half of workers have a pension, with the rest set to be reliant on the state pension in retirement – something that equates to a major financial burden for the state.

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