Tuesday, 3 December 2019

Ceisteanna (120)

Michael McGrath

Ceist:

120. Deputy Michael McGrath asked the Minister for Finance his plans to change the age threshold of 75 years to approved minimum retirement funds; and if he will make a statement on the matter. [49741/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

The Deputy may be aware that the Government published A Roadmap for Pensions Reform 2018 – 2023 in February 2018, which contains in Strand 3, “Improving Governance and Regulation”, a plan for a broad review of the utilisation and regulation of the ARF option. This review has been conducted by the Interdepartmental Pensions Reform and Taxation Group (IDPRTG), which is chaired by the Department of Finance and includes members from the Departments of Public Expenditure and Reform (DPER); Employment Affairs and Social Protection (DEASP); the Revenue Commissioners and the Pensions Authority.

The IDPRTG has prepared a report on a number of actions within the Roadmap, including a review of the ARF option, representing a significant piece of work in this broad policy area. This report has very recently been submitted to me. Given this is a complex and detailed piece of work, I intend to carefully consider its contents before taking any decisions, including around publication of the report.

Therefore, I wish to reserve comment, including on the matter referred to by the Deputy, until I have had time to consider these issues.