It would be terribly unfair - But so is plenty of what's done in this country. The pension levy is grossly unfair.That would be grossly unfair. The old age pension of €12,000 costs about €300,000. If you work and pay your PRSI stamps all your working life but have a private pension, you get nothing but someone who works but never bothers saving for retirement gets handed a pension worth €300,000?
The government should start with ring fencing PRSI contributions to actually pay for old age pensions i.e get the pension reserve fund back. As with every tax they collect, they just lump it all into one pot and take what the need from it.