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Government to take over a month’s pension off Tara Mines pensioners annually - Tóibín

22 November, 2011

Meath Sinn Féin TD Peadar Tóibín has castigated the government over it’s role in reducing Tara Mines Pensioners’ pension by 10% by way of the Pension Levy.
Speaking at the pensioners’ protest outside the gates of Leinster House today and in the Dáil at questions to the Minister for Enterprise deputy Tóibín stated that ‘this government took over €470 million out of pensions for their so called ‘Jobs Budget’. The net result is that unemployment has increased since this government came to power. The result is that many pensioners such as those in Tara Mines have lost substantial amounts of their income. Indeed as Sinn Féin warned against the outworking of the government’s initiative is over a month’s worth of income will be taken away as of 1 January 2012.
All the government has offered on this issue are platitudes. The Minister for Finance has said that it’s up to Revenue to oversee the process and that the firm and the pension agents should take a significant part of the burden.
“But the Minister can talk all he likes. What the pensioners need is action. He should reverse the initiative. At the very least in the interim he should force the company and the pension agents to take their fair share of the burden. In just over a month, men and women who have worked, paid tax and saved all their lives will take a major fall income at a time in their life that they can least afford it. Fianna Fáil and Fine Gael need to resolve this problem as soon as possible.”

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