I do think the liabilities are being over stated due to the historically low interest rates/returns on investments available at the moment.
We will have to do something about this living longer habit. Maybe introduce a cut off point. Dole spongers and public service pensioners could have a special limit imposedThe pension funds rely on growth from deposits and the bond markets (alongisde property, equities etc.) to help grow the overall pot needed to cover the actual pension liabilities, so if earnings are not coming from those sources then there's a problem in terms of the growth of the pension funds. Those deposit and bond rates have been low for quite a while now, with many indicating they will continue to be low for another few years yet (particularly if we are talking about the eurozone).
Also, lets not forget that the likely obligations under the pensions are increasing - simply because the average age expectancy is getting longer, so there's more money needed to pay for those people living longer lives
We will have to do something about this living longer habit. Maybe introduce a cut off point. Dole spongers and public service pensioners could have a special limit imposed
An Garda Síochána is carrying out just half the number of drink driving breath tests that it claims to, the force has said.
Almost two million tests were recorded by gardaí between 2012 and 2016 but it has now said less than a million were actually carried out....
...The Garda has also apologised after 14,700 motorists who were summoned to court and convicted without being given the opportunity to pay a fine first under the fixed charged notice system.
The Garda must now go to the courts and appeal all of the convictions in a process that will likely take years and costs tens of millions of euro.
Mr Finn said because of the possible costs and legal claims that could be taken against the State by those affected by the issue, the State Claims Agency had been informed.
1m breath tests actually carried out....2m recorded for stats purposes.
Also, 14,700 mtoring convictions about to get overturned as they were processed incorrectly.
In any functioning democracy, the head of the Police force and a few #2's would resign and possibly also the Minister. Not in Ireland. I smell another Commission of Inquiry and mega bucks for a few barristers/solicitors.
http://www.irishtimes.com/news/crim...-breath-tests-carried-out-1-million-1.3021757