Written Answers. - Pension Age Reduction. Thursday, 19 December 1996

Dáil Éireann Debate Vol. 473 No. 3 Page of 253

  169.  Mr. J. Walsh      asked the Minister for Social Welfare      the plans, if any, he has to reduce the retirement age; and if he will make a statement on the matter. [24932/96]

Minister for Social Welfare (Proinsias De Rossa):    I understand the Deputy is referring to reducing pension age from 66 to 65 years. The estimated cost of reducing pension age by one year is £30 million per annum and would have to be considered in a budgetary context.

The National Pensions Board in its final report — Developing the National Pension System — considered that a standard age for both retirement and old age pensions should be 65 years. However, because of the costs involved they considered this to be a low priority.

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