Brendan Burgess
Founder
- Messages
- 52,510
This has just been launched. Submissions are invited.
Brendan
Brendan
Government Pensions Policy - Public meetings
- Thread starter Brendan Burgess
- Start date
Re: Government launches Green Paper on pensions
Every time the state pension goes up the companies that provide integrated pensions (generally defined pension schemes) are rubbing their hands because they then pay less in the pension to members on retirement, they can then take a pensions holiday so therefore increase their profits. The ordinary member of the pension scheme does not benefit from an increase in the state pension especially where the state pension increased greater than wage inflation.
The State pension is expected to increase to 300 euro in the next 5 years. Thats approx 8% increase pa Wage inflation is expected to be approx half this. I realise that the employer is paying 10.7% which includes a contribution to the pension but some way will have to be found in limiting the amount of the deduction the employer (trustees) can deduct from your pension, maybe by limiting the amount of the deduction to wage inflation or a percentage of the average industrial wage.
Every time the state pension goes up the companies that provide integrated pensions (generally defined pension schemes) are rubbing their hands because they then pay less in the pension to members on retirement, they can then take a pensions holiday so therefore increase their profits. The ordinary member of the pension scheme does not benefit from an increase in the state pension especially where the state pension increased greater than wage inflation.
The State pension is expected to increase to 300 euro in the next 5 years. Thats approx 8% increase pa Wage inflation is expected to be approx half this. I realise that the employer is paying 10.7% which includes a contribution to the pension but some way will have to be found in limiting the amount of the deduction the employer (trustees) can deduct from your pension, maybe by limiting the amount of the deduction to wage inflation or a percentage of the average industrial wage.
Brendan Burgess
Founder
- Messages
- 52,510
The Department of Social and Family Affairs is holding a number of regional seminars to give people the opportunity to discuss the issues involved and to make their views on pensions known. The seminars will take place from 9.15am to 1pm.
* Please choose the seminar you wish to attend
Dublin – Gresham Hotel, Thursday, 28 February 2008
Waterford – Days Hotel, Monday, 3 March 2008
Cork – Imperial Hotel, Tuesday, 4 March 2008
Tullamore – Tullamore Court Hotel, Wednesday, 5 March 2008
Sligo – Glasshouse Hotel, Thursday, 6 March 2008
* Please choose the seminar you wish to attend
Dublin – Gresham Hotel, Thursday, 28 February 2008
Waterford – Days Hotel, Monday, 3 March 2008
Cork – Imperial Hotel, Tuesday, 4 March 2008
Tullamore – Tullamore Court Hotel, Wednesday, 5 March 2008
Sligo – Glasshouse Hotel, Thursday, 6 March 2008