Pensioners will not receive money lost since 2012 due to pension changes – Brady
Sinn Féin spokesperson for Employment Affairs & Social Protection John Brady TD has expressed frustration at the fact that thousands of pensioners who have been wrongly receiving reduced State Pensions since 2012 will not see that lost money returned to them.
Teachta Brady said:
“Pensioners were very clear when they protested outside Leinster House last week. They wanted to see the reversal of the 2012 changes and they wanted the money they had wrongfully lost given back to them.
“The Government, in the solution brought forward by them today, has failed to do this.
“The new system will be implemented from March 30th, but any back money will only apply from that date, and not from 2012 when the anomaly was introduced.
“As a means to address the impact that the 2012 changes have had on over 42,000 people, the Government are bringing forward the Total Contributions Approach for these people. They will now have their pensions reviewed based on their own entire working life.
“This review is welcome, so too is the introduction of a new Home Caring Credit of up to 20 years to assist workers who took time out to raise families.
“While the long-awaited action by Government on this matter is welcome, we must too recognise that pensioners will be bitterly disappointed not to receive what was taken from them since 2012.”