Mercer: Failure to raise Irish pension age to 68 sparks worry over sustainability

The government recently announced the age will remain at 66

Social protection minister Heather Humphreys. Picture:

The decision not to increase the state pension age raises concerns over how the country’s pension system will work long term, a large multinational group has said.

One of the reasons cited in this was the decision not to raise the state pension age from 66 to 68.

A new report from US asset management firm Mercer examined pension systems in 44 countries, with Ireland ranked 14, down one place compared to last year.

The ...