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Dáil Éireann debate -
Tuesday, 28 May 1996

Vol. 466 No. 1

Written Answers. - Currency Differentials.

Edward Nealon

Question:

199 Mr. Nealon asked the Minister for Social Welfare if he will consider adjusting the Irish element of pensions to compensate for the loss of the purchase value of British pension in view of the fact that sterling has decreased substantially in exchange rate with the punt and the serious implications this has for persons in this country, such as old age contributory pensioners and survivor pensioners, whose pensions are partly made up of British Social Welfare Pensions and Irish non-contributory pensions and in view of the fact that the change in the comparative value of the exchange rates has continued now for a considerable period; and if he will make a statement on the matter. [10993/96]

Exchange rates can fluctuate frequently. In view of this and the fact that a considerable number of Irish non-contributory pensioners are in receipt of British pensions, it would not be practicable to reassess entitlement to old age (non-contributory) pension each time currency exchange rates move. A realistic approach for resolving this problem has therefore been adopted. When calculating means based upon EU pensions, the Department employs an exchange rate mechanism which is used within the EU in relation to certain social security transactions between member states.

Any person in receipt of a United Kingdom retirement pension whose means have changed as a result of the change in value of sterling may be entitled to an old age (non-contributory) pension provided their means do not exceed IR£66 per week. Such a pensioner who is already in receipt of an Irish old age (non-contributory) pension and whose means have reduced as a result is entitled to request a review of his or her means assessment by the Department at any time.

People in receipt of United Kingdom pensions, who, for instance, may be waiting for their old age (non-contributory) pension application to be processed, or who are experiencing difficulty as a result of their income falling below the appropriate rate of supplementary welfare allowance for their family size should also contact the community welfare officer at their local health centre. If the Deputy has a particular case in mind he may wish to give me the details so that it can be investigated to ensure that the claimant is in receipt of his/her full entitlements.

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