>The State pension qualification age should be raised to 75 to account for the fact life expectancy in Ireland has increased, according to a new report.
>That recommendation from the Oireachtas social protection committee would put the cut off age for the State pension at five years more than the 70 recommended by the State Commission on Pensions.
by OldMcGroin
29 comments
Lmao
These demographics are clearly starting to look after themselves
Well that’s an even bleaker future than I had imagined. Hopefully they don’t do away with cash before then because it’s starting to look like my retirement plan involves robbing a post office.
Click bait headline.
The recommended that people can defer accessing the pension to 75 and get an enhanced rate when they do access it.
So when 70 year olds are working in Tesco they can take comfort in their increased life expectancy.
Honestly regretting not having taken some very different career choices and having emigrated in my early 20s. My pension isn’t going to be great at all.
If that actually happens, we need to do what France did. I love this country but we’re so passive at times
Then the risk of not being in a secure and pensionable job increases dramatically.
50 year olds struggle to find work, let alone a 70 year old.
Those bastards had want to come onto a site and try doing a plumbing first fix in their 70’s before spouting that shite.
There’s a huge disparity in people’s fitness and capability when they get to 70. Plenty of my family in recent years had reasonably advanced dementia in their early 70s that they absolutely couldn’t have worked. Others probably could have worked well into their 90s.
Are we American now?
NeoLiberal’s want to destroy the Welfare State, including pensions. That’s the correct lens to view this from.
The best way to achieve that, is to creep the retirement age up – and to manufacture a faux ‘crisis’ to justify that.
The way that a crisis has been manufactured, is to pretend that the state pension must be paid _only by workers_, instead of from overall Government Revenue – when it’s known that the ratio of retired vs workers is increasing.
Except the state pension _can_ be paid from the entire pot of Government Revenue, and both the overall economy and thus Government Revenue are growing _much faster_ than pension costs are, and will continue to do so as long as long-term (over span of decades) economic growth exists – and such long-term growth has been constant for _centuries_.
It is a NeoLiberal manufactured crisis, aimed at destroying the State Pension – when it is perfectly sustainable when funded from overall Government Revenue.
What a fucking ponzi scheme
Pension is one of my greatest fears.
Problem is, at that age there is ageism when trying to find work.
They literally want you to work until you drop. What a country…
Can we get legal euthanasia while we’re at it? I’m already depressed, at least give me a non scary option.
Just raise the pension age by one year on an annual basis and that will solve the problem for good!
75 lol. I mean you could probably make a case for it but it’s never gonna happen. 9 years extra? No chance
Should be around 70 when I retire though
The idea of longer life expectancy isn’t to then work longer. It’s to NOT work longer at the end of your life.
If we extended life expectancy to 200, we cannot then push pension qualification to 195. The logic is stupid. We should have more time at the end of our lives, not less.
Clearly, there are lots of old people in Ireland, they’re everywhere you look, but if young people had better options besides Emigrating, there wouldn’t be a deficit in contributors to beneficiaries.
If the government wants people working until 75, it needs to create the conditions that make that possible. And that starts from day one of a person’s working life, in their teens or early twenties.
Companies, including public service/civil service, need to offer better pay, more paid holidays, more sick days, more flexible work arrangements, hybrid and remote arrangements, better childcare options, sabbatical options, long-term illness supports, four-day work week, better carers leave, work-life balance, etc.
We’d also need a **HUGE** leap in physical and mental healthcare standards in this country if we want people to work all of their lives and be well enough to do so into their seventies. And that means raising not just the standards of care for citizens but the work standards for people delivering that care: better pay, better hours, better facilities, tools and supports, etc.
Government should focus on creating a world where people **CAN** and **WANT TO** work longer because they’re living longer, healthier, happier lives where work feels like a net benefit rather than a punishment to be endured.
But they won’t do any of that.
Sounds like “You should be glad we only raised it to 70, we could have gone to 75”
If we hadn’t saved so many elderly people during covid we wouldn’t be in this mess. What we need is another pandemic. PRSI is paying people their pension now. Less is being saved for the future. Let’s get rid of the current problem, them we’ll be better off when we’re old.
Side note: I’m going to have about 300k in my pension by the time I’m 65 along with my house paid off. That should keep me going til 100 or so right?
Literally squeezing every single cent out of a person. Mad how people put up with it. Literally, you’re living to work to make the others richer. But hey, be happy you’re paying back that mortgage and have a roof over your head. Sickening really, modern-day slaves.
In fairness this is a difficult conversation that needs to be had. Life expectancy has increased a lot since pensions were originally brought in, and it’s going to increase further. For people born today the average life expectancy is over 90, and it will no longer be unusual to live until 100. Those people will have lived on a pension for 35 years.
It’s no good sticking our heads in the sand and pretending that there’s not an issue, because the pension pot will need to be increased significantly to account for it. Either we’ll all have to pay more tax now, or the pension age needs to be increased. We can’t do neither.
Personally I think it’s reasonable to expect people to work until an older age, but I’d like to see a tapering of working days. At present people work full-time until 66 and then stop completely. I’d rather people drop to a 4 day week from 60, 3 day week from 65, and thereafter a 2 day week until retiring and claiming their pension. Alternatively, people could switch from full days to half days. This approach would maintain income.
I think many people also quite like a bit of work on their own terms, as it gives structure to the week. My father got very depressed when he was forced to retire.
We need to do away with having a “pension” as we currently do. Instead you should get a subsidy and continue to work 20 odd hours (if you can obviously). Work less for longer, not working 39 hours into nothing. Most older people I know arent actually “retired” anyway, they are helping out on farms, cash-in-hand work, fixing stuff at families house, being full time childminders or cleaners. All the one sitting around doing basically nothing (which is what full retirement should be) are in their 80s or 90s
Unfortunately idk do I trust the current government to actually do that fairly (although pensioners are their voter base, so they might bang it out the park)
That’s bollox. Starting to think the French have the right idea
Boomers pulling up the ladder lol. Such contempt they have for people.
Life expectancy is an average of all socioeconomic classes, this will mean many a working class person will die and never get to experience the golden years we’ve heard so much about