The State pension age is currently 66 years of age.
In order to provide for sustainable pensions and to facilitate a longer working life, legislation passed in 2011 provides for an increase in the State pension age in three separate stages. This began in January 2014 with the abolition of the State pension (transition) which was available to people aged 65 who satisfied the qualifying conditions. This measure standardised the State pension age for all at 66 years. This will be increased to 67 in 2021 and 68 in 2028. The Roadmap for Pensions Reform 2018-2023 has stated that any future changes in State pension age after 2035 will be based on research into life expectancy.
There is no legally mandated retirement age in the State, and the age at which employees retire is a matter for the contract of employment between them and their employers. While such a contract may have been entered into with a retirement date of 65, there is no legal impediment to the employer and employee agreeing to increase the duration of employment for one or more years, if both parties wish to do so.
In this regard, the Workplace Relations Commission has produced a Code of Practice on Longer Working and the Irish Human Rights and Equality Commission has published guidance material for employers on the use of fixed-term contracts beyond normal retirement age. People are living longer and healthier lives. Many of them may want to continue working after 65 and these resources can facilitate them in their choice.
In most cases, it is hoped that workers will continue to work up to State pension age. Where this is not possible, there are specific measures which apply to someone claiming financial support from a date after their 65th birthday. Where qualified, these recipients may continue to be eligible for that payment until reaching pension age.
I hope this clarifies the matter for the Deputy.