The Irish government is reportedly expected to announce plans to increase the compulsory public sector retirement age to 70, an increase of five years.
According to The Irish Times, Minister for Finance Paschal Donohoe is set to reveal the plans today, 6 December, and will outline how the mandatory retirement age will raise. However, the paper reported that a timeframe is not yet clear.
The cabinet at its weekly meeting on Tuesday 5 December reportedly approved the change.
Currently, workers have to retire at 65, and under the new plans, they will still have the option to retire at 65, but if they choose, can work on until 70.
The paper reported that the issue of public sector workers having to retire at 65, when they cannot receive their pension until they are 66, was raised in recent budget negotiations by Independent Alliance minister Kevin ‘Boxer’ Moran.
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