Workers should be forced to pay into pensions, says OECD - The Irish Times - Mon, Apr 22, 2013
OECD report recommends mandatory pensions for private workers
OECD proposals to alter public service pensions - Irish News, World News & More | The Irish Times - Sat, Apr 20, 2013
The OECD recommending big changes to Irish pensions both private and Public. Report to be published next week by government.
The Paris -based OECD was commissioned by the Coalition to make recommendations on dealing with the difficulties facing the pension sector in Ireland.The report is expected to suggest, in effect, that the Coalition should consider transferring serving staff below a certain age or level of service into a pension scheme effective since last summer for personnel recruited after that point.The OECD Review of the Irish Pension System says that the best options would be either a universal basic pension or a means-tested basic pension.The OECD also recommends raising the retirement age to reflect the fact that people are living longer.My one big question - Is the state old age pension being lined up to go the way of the DoDo?A MAJOR REPORT commissioned by the Department of Social Protection has outlined recommendations which may lead to mandatory pension plans for private sector workers.
The way private pensions have been performing since crash and recent times - particularly due to large fees and costs being stripped from them PLUS the complexities that even some fund managers dont understand - Shouldnt we be over hauling the whole private pension structure first?
( http://static.rasset.ie/documents/ne...ion-review.pdf )