Tuesday January 21, 2020

Retirement age will be linked to life expectancy

Michael Brennan

Political Editor

28th April, 2019

The government is planning to save €1 billion per year on old age pension payments by getting workers to work beyond 68.

It is now official government policy to link the state pension retirement age to life expectancy, meaning it will increase as people live longer.

Projections in the national medium-term financial plan show that the annual €6 billion cost of the state pension is due to increase to €9.5 billion by 2070. The government signalled...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

He was once the garlanded saviour of Nissan. So how did Carlos Ghosn find himself a fugitive after one of the most glittering careers in the history of the car industry?

Barry J Whyte | 2 days ago

Our goal in the west should be to encourage the country’s leaders to make its economy more competitive, open and transparent

Vincent Boland | 2 days ago

Inflation figures do not measure the cost of living, and in our hyper-globalised economy it’s not always easy to count what’s real and what’s not

Aidan Regan | 2 days ago