A fortune for the politicians; crumbs for the peasants

A letter in today’s Irish Times highlights the problems some people are going to face as a result of plans to increase the retirement age to 66 in 2014.

As part of the plan to increase the retirement age to 66 in 2014, the transition pension will be discontinued from December 31st, 2013.

This will mean that those who are 65 in 2014 (i.e. those born in 1949) will be left without any State pension for 2014.

So, as discussed on Liveline yesterday, some people, after working and paying contributions for 50 years will get nothing in their first year of retirement and €12,000 per year thereafter.

Ministers, from the previous government, who signed off on the deal, received a €250,000 lump sum and will receive an immediate pension (at age 51) of €12,000 – per month.

No State pension for 2014

Sir,

As part of the plan to increase the retirement age to 66 in 2014, the transition pension will be discontinued from December 31st, 2013.
This will mean that those who are 65 in 2014 (i.e. those born in 1949) will be left without any State pension for 2014.

I have worked for 40 enjoyable years and made all the required contributions. I was expecting to be eligible for a State pension (transition pension for 2014 and State pension from 2015 onwards) when I retire at aged 65 in January 2014.

I requested that my employers allow me to work on until I am 66, but they have confirmed that I must retire at 65 in line with their standard procedures.

So in 2014, I will have to retire, I will have no State pension, and I have had insufficient time to make an alternative plan.

What am I to do?

Yours, etc,

Sheila Gorman,
Havelock Place,
Dublin 4

2 thoughts on “A fortune for the politicians; crumbs for the peasants”

  1. I would not be surprised should citizens choose to head off to Dublin on a shooting spree after this. What exactly do the cunts in Dáil eireann think they are supposed to be doing?
    This theft from our elderly is an evil thing. No other way to see it.

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