The Minister for Employment Affairs and Social Protection launched a public consultation on the State Pension (Contributory) yesterday, 28 May 2018.
The closing date for receipt of submissions to the consultation is 3rd September 2018.
The consultation will apparently help to inform the design of a new Total Contributions Approach (TCA) to the State Pension (Contributory) from 2020. A TCA option is also being made available later this year, as an interim measure, for people who reached State Pension age after 1st September 2012.
At a seminar to mark the launch of the consultation, Minister Doherty said:
“Today I am launching a consultation to inform the design of the Total Contributions Approach to pensions that will be implemented for all new applicants for State Pensions (Contributory) from 2020 onwards. The approach, first announced in the 2010 National Pensions Framework, and furthered in the Government’s “Roadmap For Pension Reform 2018-2023” plan published earlier this year, requires consideration from both a policy and budgetary perspective and my Department is progressing this important work."
“The TCA reform is part of a broader process to improve pension outcomes as set out in the Roadmap for Pensions Reform, 2018-2023. Under the Roadmap, we guarantee the State Pension will remain the bedrock of the Irish pension system.”
The closing date for receipt of submissions to the consultation is 3rd September 2018.
The consultation will apparently help to inform the design of a new Total Contributions Approach (TCA) to the State Pension (Contributory) from 2020. A TCA option is also being made available later this year, as an interim measure, for people who reached State Pension age after 1st September 2012.
At a seminar to mark the launch of the consultation, Minister Doherty said:
“Today I am launching a consultation to inform the design of the Total Contributions Approach to pensions that will be implemented for all new applicants for State Pensions (Contributory) from 2020 onwards. The approach, first announced in the 2010 National Pensions Framework, and furthered in the Government’s “Roadmap For Pension Reform 2018-2023” plan published earlier this year, requires consideration from both a policy and budgetary perspective and my Department is progressing this important work."
“The TCA reform is part of a broader process to improve pension outcomes as set out in the Roadmap for Pensions Reform, 2018-2023. Under the Roadmap, we guarantee the State Pension will remain the bedrock of the Irish pension system.”
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