Bruton slams massive hole in govt pension plan

[Insider2007]

Massive Black Hole in FF Economic Plans – Bruton

€450 Million Pensions Plan NOT Included in Economic Strategy Document

“FF today promised to introduce a new SSIA-type scheme to promote pensions take-up, but they have given no details or costing.

“No provision for this scheme was made in their economic and budgetary plan published two weeks ago.

“However, Fine Gael were advised by the Department of Finance that a similar SSIA type scheme proposed by the PDs (€1 for €2 contributed) would cost at least €450 million per year.

“Either way, FF is making pension promises that it has no intention of keeping, or else, in an act of desperation, it has just blown a half a billion euro hole in its budgetary plans, thereby bringing the government finances into deficit by 2012 (according to its own projections).

“Either way, it is a case of more promises to be broken by FF.”

[TheBear]

<Mod>Please pay more attention to where you're posting threads. This is the second one of yours I've moved in the last hour.</Mod>

[Badboy]

None of their policies will add up from now on in.

Their campaign will be based on empty promises and misinformation.

There is nothing in here that will tackle the long term issues facing pensions and pension funds. Unpriced pension policy is the ultimate stupid con.

[David Cochrane]

I posted this up at 02:47:57 - please ensure you check 'Latest Discussions' before starting a discussion that's already begun.