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Policy issues concerning Pension

Some tax proposals currently being considered by Government should be rejected because they would give far greater benefit to people earning higher incomes than to lower income employees according to a new study conducted by Social Justice Ireland.

Without the social welfare system almost 50 per cent of the Irish population would have been living in poverty in 2014.  Adequate social welfare payments are required to prevent an increase in poverty.  Between 2010 and early 2016 inflation was 3.44 per cent - implying that a buying power of €188 in 2010 was equivalent to €194.50 by February 2016. 

Despite some modest gains in some regions in the world, millions of women are losing ground in their quest for equality in the world of work, according to a new report prepared by the International Labour Organization (ILO). The report, Women at Work: Trends 2016  examined data for up to 178 countries and concludes that inequality between women and men persists across a wide spectrum of the global labour market.

The introduction of a Universal State Pension for Ireland should be considered by the Pension Council announced today by the Tanaiste, Joan Burton TD. A fully-costed proposal showing how this could be done has been published by Social Justice Ireland. This proposal would:

Social Justice Ireland strongly urges the Government to put the think tank’s fully-costed proposal for a universal State pension for every person aged over 65 on the table for discussion. The call comes as the Department of Social Protection plans to set up an expert group to examine a retirement savings scheme for private sector workers.

Ireland could and should have a Universal Pension for everyone over 65. it could be paid for principally by standard rating the current tax-break for private pensions. More than 80% of benefit of the current tax break goes to the 20% with highest earnings. A Universal Pension would be simpler, fairer and more just as well as being sustainable in the decades ahead.

Irish Government's Pensions Framework Deeply Flawed