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Pensions Reform

Dáil Éireann Debate, Tuesday - 1 May 2018

Tuesday, 1 May 2018

Ceisteanna (438)

Willie O'Dea

Ceist:

438. Deputy Willie O'Dea asked the Minister for Employment Affairs and Social Protection the position regarding the design of a total contributions State pension model; when it will be released for public consultation; and if she will make a statement on the matter. [19119/18]

Amharc ar fhreagra

Freagraí scríofa

Firstly, the new interim Total Contributions Approach to determining the level of payment, including the introduction of the new HomeCaring credit, for recipients of the State Pension (contributory) affected by the 2012 rate band changes was agreed by the Government in January. Instructions for legislation to give effect to this change are currently being set out. When drafted, the legislation will be brought forward at the next available opportunity. Changes in payment level for those pensioners who benefit will be effective from 30 March 2018.

Separately, my Department is planning for the introduction of a Total Contributions Approach for all new pensioners from 2020 onwards. A final decision on the design of the scheme and how it will operate will be made by the Government following a period of consultation which I expect to launch in the coming weeks.

I hope this clarifies the matter for the Deputy.

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