Vol. 465 No. 6
248 Mr. Finucane asked the Minister for Social Welfare the reason a person (details supplied) in County Limerick has had his old age non-contributory pension reduced as a result of a reassessment of his banking capital; and his views on whether the applicant has been unfairly treated in view of the fact that he receives a pension from the United Kingdom. [10396/96]
The person concerned has been receiving a pension of £40.50 a week on the basis of his weekly means of £26.49 deriving from capital and British retirement pension.
On review of this entitlement, the British pension and capital had both increased the value. His means deriving from these sources are now assessed at £29.67 a week and this entitles him to a pension of £38.50 a week.
In determining entitlement to old age pension, these items must be taken into account in accordance with the relevant legislation which also specifies the manner in which the weekly value of capital is to be calculated. The rate of pension in this case will be increased to £40.50 a week from 14 June 1996 when the 1996 budget increase is put into payment.
