Thousands of workers face lower state pensions after reforms
Minister says new 40-year total PRSI contributions regulation will save the national coffers €43 billion by 2070
Tens of thousands of workers are to get lower state pensions, due to the government’s decision to change the qualifying rules in order to save €43 billion.
The government will phase out the use of a system which allowed some workers to get a full state contributory pension if they had worked in Ireland for just ten years from the age of 55.
Instead it will assess each state pension application based on the total ...