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#Pensions

Your home for pension related news.

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Employees who are not already involved in an occupational pension scheme, who are between the ages of 23 and 50 and earning €20,000, will be automatically enrolled as part of the act.</p>

news

Employers who 'behave badly' over pension scheme will be 'chased down'

Those who dissuade workers away from the auto-enrolment act, set to come into effect from January 1, may face sanctions and penalties

<p>The spectre of career politician and septuagenarian Michael Lowry (pictured) giving Paul Murphy the two fingers in the Dáil chamber as the new government was formed could not have shown more clearly whose interests they will represent.</p>

comment-analysis

Is Ireland sliding into a gerontocracy where the older generation dominates?

<p>Jack Chambers. Picture: Brian Lawless/PA Wire</p>

politics

Pension errors may cost ministers and civil servants tens of thousands

Still unclear if any career gardaí will apply for top Garda role

news

Still unclear if any career gardaí will apply for top Garda role

Worried woman thinking alone sitting on a couch in the night at home

news

Government set to extend pension rights to bereaved partners

Businesswoman examining documents at desk

economy

How new State pension calculations should particularly benefit Irish women

Call to speed up pension rights as 'cohabiting couples still discriminated against'

Call to speed up pension rights as 'cohabiting couples still discriminated against'

Kinship Care Ireland said that families are at risk of being pushed into poverty because of not being entitled to the payment

Sun, 26 Jan, 2025

Elderly stock

Fewer people expecting to use State pension alone to fund retirement, new figures shows

CSO data shows between July and August, 67% of workers aged between 20 and 60 had some form of pension coverage outside the State pension

Thu, 19 Dec, 2024

Make My Money Matter

Towel-clad Benedict Cumberbatch as an executive watching forests burn

"The business of deforestation is on fire and it's all thanks to you," his character says

Tue, 17 Dec, 2024

Policies to 'incentivise' working past 65 need to be considered, says Central Bank chief Makhlouf

S Policies to 'incentivise' working past 65 need to be considered, says Central Bank chief Makhlouf

“Policies to incentivise working longer, alongside promotion of lifelong learning, need to be part of our thinking,” Central Bank of Ireland governor Gabriel Makhlouf told a UK Society of Professional Economists dinner.

Mon, 25 Nov, 2024

General Election Ireland 2024

Fianna Fáil vows to decriminalise possession of cannabis for personal use

Party's manifesto also includes promises to keep 9% Vat on energy, and to raise core welfare rates to €144

Tue, 12 Nov, 2024

Fianna Fáil pledges to raise State pension to €350 as divisions emerge within Coalition

Fianna Fáil pledges to raise State pension to €350 as divisions emerge within Coalition

Ahead of his party's manifesto launch, Micheál Martin said the Department of Finance had dismissed Fine Gael's proposed Vat 11% rate

Sun, 10 Nov, 2024

Firms focus on gender pay gaps as staff compare annual reports

Court rulings allow bosses to set blanket retirement ages for staff

New court cases have brought clarity around the employer's right to set a contractual retirement age where it can be objectively justified, as legal expert Síobhra Rush of law firm Lewis Silkin explains

Fri, 08 Nov, 2024

Indian firm signs contract to administer pension auto-enrolment scheme

Indian firm signs contract to administer pension auto-enrolment scheme

Tata Consultancy Services will oversee the administration of the scheme, enabling enrolment, record management, and benefit disbursement

Tue, 29 Oct, 2024

An old miniature man and woman standing on a pile of coins.

Why auto-enrolment can be a double-edged sword for women's pensions

While the closure of the gender pension gap is within reach, it still requires co-ordinated interventions across departments, organisations, policymakers, and financial institutions

Sat, 05 Oct, 2024

Three-generation family enjoying dinner

Electricity credits; double child benefit: Here are the cost-of-living measures from Budget 2025

There will be a slew of one-off payments — from electricity credits to fuel allowance lump sum — as well as the double welfare payments

Tue, 01 Oct, 2024

Pensioners hit with demand to return overpayments worth thousands of euro

Pensioners hit with demand to return overpayments worth thousands of euro

Department of Education failed to apply pension reduction brought in after financial crash to 'small number' of retirees, and is now seeking repayment

Mon, 30 Sep, 2024

Budget 2025: Here's what's expected as talks set to go down to the wire

Budget 2025: Here's what's expected as talks set to go down to the wire

The three Government leaders met on Sunday night and will talk again on Monday evening to iron out the final details.

Mon, 30 Sep, 2024

ECONOMY Euro

Budget 2025: Pensioners and carers set to be big winners as negotiations continue

Social Protection Minister Heather Humphreys has indicated that the two groups, along with people with disabilities, can expect a boost in social welfare rates.

Sun, 29 Sep, 2024

Irish budget 2014

Budget 2025: Who's getting what?

We have already heard indications from ministers about what will be contained in the last budget before the next general election.

Sun, 29 Sep, 2024

Senior couple going over bills

Record €25bn budget surplus will fund pension hike, USC cut, and cost-of-living package

Budget 2025: Finance Minister Jack Chambers said €8bn of the €14.1bn Apple tax windfall will be received by the exchequer in 2024, with the remainder due in 2025

Fri, 27 Sep, 2024

Budget 2025: Planned USC cut will boost low and middle incomes by hundreds of euro

Budget 2025: Planned USC cut will boost low and middle incomes by hundreds of euro

A rift has emerged over funding being allocated to disabilities services and childcare, which has been described as 'laughable'

Fri, 27 Sep, 2024

Elaine Loughlin: Could Simon Harris call an election next week?

Elaine Loughlin: Could Simon Harris call an election next week?

There is growing speculation that the Taoiseach could go to the country as early as October 'before the clocks go back'

Thu, 26 Sep, 2024

Four senior gardaí shortlisted for deputy commissioner job as pension dispute continues

Four senior gardaí shortlisted for deputy commissioner job as pension dispute continues

Four senior gardaí shortlisted for the Deputy Garda Commissioner role

Thu, 19 Sep, 2024

Kitchen and Great Room in Apartment with painted accent wall, Pennsylvania, USA,

Paul Hosford: How do we spend the €13bn Apple tax windfall?

Between EU rules and political realities, the government must think carefully about how to spend the cash it found down the back of the sofa

Tue, 10 Sep, 2024

Senior middle aged happy couple using laptop together at home

S Survey highlights Irish workers' unpreparedness for retirement

There are significant levels of anxiety and unpreparedness for those nearing the end of their working life

Fri, 06 Sep, 2024

Budget calculation

Tax cuts and pension increases in pre-election budget bonanza

Vape users are to be hit with a new tax which will climb each year, while the reintroduction of a special Vat rate for the hospitality sector has been all-but ruled out

Fri, 02 Aug, 2024

Nurse pushing air out of syringe for vaccine injection. Doctor wearing blue gloves and medical mask. Person holds a syringe with

Retired HSE staff who worked during covid lose pension pay

Some workers facing bills ranging up to €20k

Sun, 14 Jul, 2024

Cost Irish Budget 2024

Cabinet hopes to progress Bereaved Partner's Pension Bill as a matter of priority

Eligibility criteria will be broadened for what will become the Bereaved Partner's Contributory Pension

Tue, 18 Jun, 2024

A grandfather and grandchild reading a book

John Hearne: Are you saving enough for retirement?

Reviewing your pension can save you money, says Director of Communications for the Competition and Consumer Protection Commission, Grainne Griffin

Fri, 14 Jun, 2024

Old senior woman with loneliness, memory loss, dementia or anxiety. Lonely elder grandma of family. Alzheimer or depression. Sad

PRSI reforms will lead to gains for the government but more raises may be required, ESRI says

The Economic and Social Research Institute said that while these moves are progressive, additional measures will be required beyond 2028 to 'ensure the continued viability of the Social Insurance Fund'

Wed, 12 Jun, 2024

Carbon capture schemes

Government rejects proposal to ban auto-enrolment pensions from investing in fossil fuel and arms industries

Department of Social Protection said duty of scheme would be to 'get a good financial return for participants'

Mon, 10 Jun, 2024

Ireland cabinet meeting

Letters to the Editor: Minister should resolve what he termed 'the raid on private pensions'

Irish Senior Citizens’ Parliament asks if Michael McGrath will reconsider his opposition to the Industrial Relations (Provisions in Respect of Pension Entitlements to Retired Workers) Bill 2021

Sat, 04 May, 2024

Irish Budget 2024

Heather Humphreys reveals details of automatic enrolment pension scheme

All employees will have access to a workplace pension savings scheme combining contributions from their employer and the State

Fri, 05 Apr, 2024

Proposals for 800,000 private sector workers to be enrolled in a pension expected to be approved by Cabinet

Proposals for 800,000 private sector workers to be enrolled in a pension expected to be approved by Cabinet

Minister for Social Protection, Heather Humphreys, will formally seek Cabinet approval for the Automatic Enrolment Retirement Savings System Bill

Wed, 27 Mar, 2024

Cute Little Caucasian Newborn Baby Lying in Bassinet in a Maternity Hospital. Portrait of a Tiny Playful and Energetic Child wit

Ireland's fertility time bomb: Falling population 'a dangerous territory' for society and the economy

Women are having children later in life or not having them at all, and this will ultimately have profound impacts on our world as we know it, writes Cianan Brennan

Sun, 24 Mar, 2024

Business costs could hit pension scheme set to benefit women

Business costs could hit pension scheme set to benefit women

The private pension auto-enrolment is a new retirement savings system for employees that is set to be introduced in the second half of 2024, but some wait with bated breath

Fri, 08 Mar, 2024

Glass jar with coins and euros with the inscription PENSION. Pen, leather wallet and note paper.

Shifting sands of retirement: We’re all living longer but this extra living has to be paid for

A third of us still rely on state pension

Thu, 29 Feb, 2024

Money stock

Fewer than half of skilled workers pay into a private pension, new figures show

For those without a pension, more than four in 10 cited affordability as the main reason for not having it

Mon, 26 Feb, 2024

Concert Crowd

S Angela Dorgan: An ugly reality for the arts community

The arts helped people across the world to connect during the pandemic, it uplifted us at a time when we were at our lowest ebb. Now those who work in the arts need our help to lift them, writes Angela Dorgan

Sat, 17 Feb, 2024

Shot of a young woman having coffee with her elderly mother at home

Women do twice as much unpaid care and housework as men, study finds

ActionAid Ireland warns of a wide gender pay gap and an even wider gender pension gap for women in older age

Wed, 07 Feb, 2024

Workplace Wellbeing: Leaning into work instead of putting your feet up

Workplace Wellbeing: Leaning into work instead of putting your feet up

More and more people are continuing to work after retirement age. It's a choice for some, but for others it's a financial decison

Fri, 02 Feb, 2024

Centra Monday Mood

Centra MD Ian Allen identifies soaring business costs as sales rise to a record €2.1bn

Centra's managing director says their record year was boosted by 10 new store openings — but that energy prices, interest rates, theft, and staff costs were affecting retailers' margins

Mon, 29 Jan, 2024

Saving and pension planning

What changes are being made to the State pension from January 1?

Minister Heather Humphreys has announced a range of new flexible pension arrangements which will be introduced on January 1

Fri, 29 Dec, 2023

Saving and pension planning

Pension reforms will not solve timebomb, report finds

Ageing population and keeping retirement age at 66 will put pressure on funding State pension, Parliamentary Budget Office says

Tue, 28 Nov, 2023

Close Up Of Woman Sharing Cup Of Tea With Elderly Parent

Scheme to provide long-term carers with State pension for first time

Three further lump-sum payments will also be paid this week to help households with cost-of-living pressures

Mon, 27 Nov, 2023

Retirement

S Mick Clifford: If you’re under 40 this is where you may begin to see red

The reversal of plans to raise the pension age to 68 shows appalling political handling and leaves us to pretend we can continue as is by hiking PRSI, writes Mick Clifford

Fri, 24 Nov, 2023

CC GOVERNMENT BRIEFING

Long-term carers to be 'rewarded and recognised' with pension entitlements

Social Protection Minister Heather Humphreys is bringing forward legislation to provide pensions for long-term carers when they retire

Tue, 21 Nov, 2023

Irish Budget 2024

New legislation to allow for pensions for long-term carers

People who have been caring for disabled children or other loved ones for more than 20 years are to receive pension entitlements under new changes

Mon, 20 Nov, 2023

Glass jar with coins and euros with the inscription PENSION. Pen, leather wallet and note paper.

State pension deferment age should be increased to 75 — committee

Increased life expectancy behind proposal by social protection committee

Tue, 31 Oct, 2023