Irish government to implement state pension increase from March 2018
Written by Talya Misiri
The Irish government has committed to an increase in the state pension from next year.
As part of Ireland’s 2018 Budget announcement yesterday, 10 October 2017, Minister for Finance Paschal Donohoe stated that from March 2018, all social welfare payments, including the state pension, will increase by €5 per week.
Further to this, it was noted that a Christmas bonus payment of 85 per cent will be paid to all social welfare recipients in 2017.
The social welfare payment rise will also include disability allowance, carer’s allowance and jobseekers’ allowance.
Donohoe noted that the increase in payments have been introduced to redistribute income and reduce the risk of poverty and inequality across the population.
Prior to the Budget, Ireland’s Social Protection Minister Regina Doherty also called for a €5 weekly state pension increase to be included in the budget negotiations with Donohoe, and was also supported by Taoiseach Leo Varadkar.
Doherty said that the weekly state pension should increase by €5 and this should continue to rise over future budgets.