(Tuesday 9 November 2021) On Wednesday 10th November, from 9.30am, Age Action will appear before the Joint Oireachtas Committee on Social Protection to discuss the recommendations of the Pensions Commission report in the context of fair and flexible pensions for all.
Speaking in advance, Nat O’Connor said “The report of the Pensions Commission adds to an abundance of information available on the future of the State Pension. Now, the question for policymakers is simple: Will they fund an adequate State Pension for all of us when we age, or will they shrink the value of the State Pension by lowering the rate or raising the pension age? Age Action agrees with the Pensions Commission that the State Pension should be the foundation for income in older age, which means that we need to look seriously at the Commission’s suggestions for how the State Pension can be sustainably funded into the future. Policymakers have a moral responsibility to ensure the State Pension is adequately funded, through fair and progressive increases in taxation and social insurance.”
Nat continued “Age Action welcomes the Pensions Commission’s recommendation that the State Pension should be formally linked to price increases and wages in the economy, so that older people have the security of knowing that their core income will not be left behind a rising cost of living.”