The Government has agreed to keep the State pension age at 66 and that companies will not be allowed to force people to retire, the Taoiseach has said,
“I think the market will dictate this but equally we want to make sure there's no discrimination against people of that age because people are living longer, they're healthier, quality of life is improving. He said more work is needed on what can be done to current contracts but he doesn’t believe that legislation addressing the matter will be retrospective. We have to work on that more. I don't think it can be that introspective.
According to the Pension Commission, a big hole will appear in the Social Insurance Fund, out of which pension payments are made.
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