Jan O'Sullivan
Question:53 Ms O'Sullivan asked the Minister for Social, Community and Family Affairs if he has given consideration to facilitating the introduction of progressive retirement. [31609/01]
Written Answers. - Pension Provisions.
Social welfare retirement and old age pensions are currently payable at 65 and 66 years of age respectively. The appropriateness of these qualifying ages is at present being considered in the context of the second phase review of the qualifying conditions for the old age contributory and retirement pensions which is ongoing at present. The first phase report was published in August 2000 and I expect to be in a position to publish the second phase report early in the new year.
The introduction of progressive retirement is, of course, a much wider issue than the payment of social welfare or private pensions. Progressive retirement – on an early or a deferred basis – would have major implications for existing working arrangements, occupational and personal pension schemes. In the circumstances it would necessitate serious consideration by employers' organisations, trade unions and the pensions industry. Demographic projections for the ageing of our population, increased life expectancy, sustainability of pension payments in the future and domestic and EU objectives in relation to increasing workforce participation of older people are all issues which would have to be considered in this context.