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Wednesday 8 February 2023 Dublin: 8°C

# Pensions

Last month
January 2023
# Fuelling Retirement
The Explainer x Noteworthy: Are Irish pensions invested in fossil fuels?
Lauren Boland of The Journal and Ciarán Hughes of ethical investment company Ethico tell Susan Daly about the relationship between pensions and fossil fuels.
Last year
2022
Voices
Financial advisor: Your job just gone? Here's what you should do right now to mind your money
There are financial steps you can take to alleviate the stress of losing a job, according to Mark O’Sullivan of Provest.
# Pensions
Explainer: How will the auto-enrolment pension scheme work?
The new scheme is set to apply to over 750,000 workers across the country.
# Security
Taoiseach says there is a 'risk to senior ministers' if Garda drivers not reintroduced
‘A lot of ministers don’t want to return to Garda drivers,’ he said.
# dail drama
Ceann Comhairle to review Dáil footage after Taoiseach says opposition hecklers 'not pulled up'
The Taoiseach said that McDonald had been “not telling the truth” on the pension scheme changes.
# financial planning
Almost 1 in 4 people close to retirement age have no pension plan
38% of adults surveyed have no pension plan in place.
Voices
Opinion: The cost of living crisis is eating into disposable income - can Budget 2023 help?
Financial advisor Ralph Benson has some tips in relation to pensions and savings to be made ahead of Budget 23.
# pension age
Pension age shouldn't go beyond 66, says Micheál Martin
Additional PRSI contributions will be needed to ensure the pension age is not increased, says Micheál Martin.
# budget 2023
Help for renters, pension and social welfare increases as 'more room to manoeuvre' in Budget
Taoiseach said renters “will be considered” in October’s budget.
# pension age
Proposals on State pension age to be brought to Govt 'very soon', says minister
The Pension Commission has recommended that the State pension age should rise to 67 by 2031.
# Housing
Taoiseach told renters can't afford a pension when they're paying €2,000 in rent
Opposition parties raised concerns about reports that the new pension scheme is needed to pay for ‘generation rent’ who will never own a home.
# Cabinet
750,000 workers set to be auto-enrolled in new pensions scheme by early 2024
Auto-enrolment was initially meant to start this year but due to the pandemic the roll out was delayed.
# Your Say
Poll: Do you have a pension?
The Government plans for auto-enrolment was delayed due to Covid-19
# Your Say
Poll: Do you have a private pension?
Inflation is causing many to consider how financially secure they will be later in life.
Voices
Opinion: Government is missing the links between the housing crisis and growing pension problem
Rory McNab says Ireland’s unaffordable housing means a whole generation will be without pension cover in years to come.
All time
Voices
Opinion: How to get financially fit in 2022 - some advice from an expert
Financial expert David Quinn has some advice on how to flex your financial muscles in 2022.
Voices
Opinions: Setting up a pension is merely a way of caring for your future self
On pensions awareness week, financial expert David Quinn has advice for anyone who has not yet set one up.
# aging population
Keeping the State pension age at 66 is 'unsustainable', says new report
Not changing the current policy on pensions would cost around €50 billion, the Department of Finance report says.
# Complaints
Ombudsman ordered bank to reimburse money to child's account after father withdrew €66,000
The financial services ombudsman has released his decisions from the second half of last year.
# DPP
Man (50s) arrested in Cork over suspected pension fraud released without charge
Gardaí said a file would be prepared for the Director of Public Prosecutions in relation to the matter.
# Pensions
The public will no longer get to know how much former Taoisigh and ex-ministers are paid
Sinn Féin’s Pearse Doherty has said that it’s important for transparency on the issue and added: “At the end of the day, it’s public money.”
# Labour Court
'We've been waiting for 12 years': Hundreds of Community Employment supervisors strike over pension rights
They want the incoming government to implement a Labour Court recommendation issued in 2008 that a pension scheme be put in place for them.
# when I'm 65
State pension: Taoiseach says 65-year-olds will still have to sign on under Fine Gael's new plan
Taoiseach Leo Varadkar confirmed to reporters today that the transitional pension would only apply to 66-year-olds.
# when I'm 65
The State pension 'mess': Can we afford to roll back on the pension age?
Finance expert Dr James Stewart told TheJournal.ie that pensions age issue had become “a bit of a mess”.
# ge2020
Bríd Smith: The main political parties 'loaded the gun and pulled the trigger on the pension age'
People Before Profit TDs have called for the pension age to be reversed to 65.
# Retirement Age
The pension age is now a major election issue - so where do all the parties stand?
The pension age is set to increase to 67 in 2021, and 68 in 2028.
# ge2020
'It will get worse': 'Embarrassed' over-65s forced to sign on the dole
Sinn Fein has pledged to restore the pensionable age to 65
# Pensions
France paralysed as hundreds of thousands take to the streets in protest over pensions overhaul plan
The protest stem from French President Macron’s proposals to reform the pension and retirement structure.
# Your Say
Poll: Do you support the government's plan to 'auto-enrol' people for pensions?
The government this week announced plans for the new pension system.
# golden years
There's a big difference between what Irish men and women are living off in retirement
The ESRI has put the gender pension gap at 35%.
# Flying Kites
Fianna Fáil slaps down government's idea of means-testing for pension payments
Fianna Fáil accused the government of kite-flying.
# Pensions
Over 20,000 pensioners to benefit from rate increase following review
Another 21,294 will remain on their existing rate of payment.
# noteworthy
€28 million in pension payments to former TDs, Senators and government ministers over the past two years
For the first time ever, the Department of Public Expenditure has refused access to individual pensions for former ministers and officeholders
# Military archives
'Volunteers were sent for the coffins': New docs reveal IRA activities during War of Independence
The Brigade Activity Files are the latest release by the Military Service Pensions Collection.
# Data Protection
Fears over publishing anonymous list of former ministers' pensions in case they were easily identifiable
The 2017 list was never published due to concerns over data protection and that even an anonymous list could create a breach.
# Russia
Putin softens plans to reform Russia's pension system amid public outcry
Putin suggested raising the state pension age by five years to 60 years for women, instead of the earlier proposed eight years to 63.
# Planning ahead
Government to launch automatic enrolment into pension plans for all citizens by 2022
The consultation process for the proposed automatic enrolment of all citizens into pension plans has now been launched and will last until 4 November.
Voices
'The State pension wasn't designed to support the lifestyles people have in mind'
Within the complex landscape of pension investment, auto-enrolment provides a compelling case for increasing and encouraging pension take-up, writes Jerry Moriarty.
# pension campaign
Injured in The Troubles: 'I don't know whether they're just waiting for us to die off'
Some of those left severely injured in the Troubles are now in their 70s and 80s. They says it’s imperative a special pension be introduced.
# retirement ready
From 2022, workers will be 'auto enrolled' on pension savings schemes
The government has also announced a new “total contributions approach” to pensions from 2020.