Recommendation to increase pension age to 70 'sheer madness' - Brady
Sinn Féin spokesperson for Social Protection John Brady TD has said that plans to increase the pension age to 70 are 'sheer madness.'
Responding to the ESRI recommendation, Teachta Brady said:
“In 2014, the Government increased the pension age from 65 to 66 causing huge distress to those obliged to retire by contract at 65. These people were expecting to receive their State Pension at retirement but were instead forced onto Jobseekers payments.
“That was the consequences of increasing the age by just one year.
“And now the ESRI are recommending that this should increase another four years to 70. This is sheer madness.
“We are consistently reminded of the pension’s time bomb and it is well recognised that steps will have to be taken to overcome the challenges we face when it comes to the sustainability of the State Pension. Increasing the pension age to 70 is not the solution.
"The Government's plans to increase the pension age to 67 in 2021 and 68 in 2028 should not and cannot go ahead.
"I am calling on the Government to abandon these changes which go above and beyond our EU counterparts.
“We need to abolish the mandatory retirement age and allow those who wish to remain at work and continue contributing to the Exchequer as opposed to taking from it. Sinn Féin's Bill is there to do this."