More than 35,000 pensioners lose out from Government pension cut
February 09, 2017
- From AgeAction.ie
More than 35,000 pensioners had their pensions cut because of changes introduced to the State Pension in 2012 by the previous government. This is according to a new report (attached with summary briefing paper) this morning from Age Action, Ireland’s leading advocacy organisation for older people.
Thousands of retired workers are losing more than €1,500 a year with women pensioners suffering the most for taking time out of the workforce to care for their families. Age Action is calling for the cut to be reversed and for the incomes of these pensioners to be restored.
Justin Moran, Head of Advocacy and Communications at Age Action, said: “We need to put to bed the myth that the State Pension was protected by the last government.
“It was cut, drastically cut, for tens of thousands of older people who have lost substantial sums of money as a result.”
In 2012 the Government changed the eligibility criteria for the Contributory State Pension. While those entitled to a full pension were unaffected, many of those who would have been in line for smaller pensions lost out.
Justin Moran continued: “Under the old system, if you had an average of 20 contributions you would be entitled to €228.70. But after 2012, this dropped to €198.60, a cut of more of more than thirty euro each week.”
- Read the full article and download the report HERE.