Gold plated pensions protected at workers' expense – Ó Snodaigh
Responding to the announcement of the Pensions (Amendment) Bill 2013 Sinn Féin Spokesperson Aengus Ó Snodaigh TD said:
“The Pensions (Amendment) Bill 2013 would be an improvement on the current situation which can leave workers who have accrued future pension entitlements with little or nothing. But it still doesn't get the balance right. Fundamental inequities are left unaddressed. In order to protect high-end gold plated pensions, workers approaching retirement age will remain woefully unprotected.
“In October 2011 Minister Burton suggested a more equitable style of reform. But it’s amazing what two years in government with Fine Gael has done to her, now she is just tinkering at the top instead.
“Also, the government is now saying that the pension levy will be used to fund shortfalls in the case of double insolvencies. But the pension levy has already been allocated to the Exchequer deficit. This is double accounting. This is the kind of thing that got us into crisis in the first place.”