Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Monday 11 December 2017

LATEST NEWS 

Ireland to increase compulsory public sector retirement age to 70

Written by Natalie Tuck
06/12/17

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.



Related Articles

Latest News Headlines
Adam Cadle provides a summary of the big European pensions stories to have hit the headlines this month
Most read stories...
World Markets (15 minute+ time delay)
FTSE
7,453.48
+59.52
S&P 500
2,658.03
+6.53
Nikkei 225
22,938.73
+127.65

Money Age Book Now