Brendan Smith
Ceist:130. Deputy Brendan Smith asked the Minister for Social Protection the status of the findings of the Commission on Pensions report; and if she will make a statement on the matter. [24675/22]
Amharc ar fhreagraTuesday, 17 May 2022
Ceisteanna (130)
Freagraí scríofa
The Pensions Commission’s Report was published in October 2021 and it contained almost 250 pages of analysis, consideration and recommendations. The Commission's Report established that the current State Pensions system is not sustainable into the future and it has set out a recommended approach for Government.In the interests both of older people and future generations of older people, the Government intends to consider the comprehensive and far reaching recommendations in the Pensions Commission’s Report very carefully and holistically. My officials are examining each of the recommendations and consulting across Government through the Cabinet Committee system. The views of the Joint Committee on Social Protection, Community and Rural Development and the Islands and the Commission on Taxation and Welfare will be considered as part of the Government's deliberations. Following detailed consideration of all of this in the round, I intend bringing a recommended response and implementation plan to Government in the coming weeks.
It is clear from the Commission’s work that State Pension reform is necessary and it is complex. It would be a strategic risk not to plan and provide for projected demographic changes, not least in terms of income adequacy for older people. As the bedrock of the pension system in Ireland, the State Pension is very effective at ensuring that our pensioners do not experience poverty. This Government is committed to ensuring that this remains the case for current pensioners, those nearing State Pension age and today’s young workers.
I hope this clarifies the matter for the Deputy.