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Thread: Green Party aims to double pension and alter age rule

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    Default Green Party aims to double pension and alter age rule

    The Green Party would like to double the state pension to ease poverty among the over-65s and to give people an option to work past retirement age to help avoid a pensions crisis.

    According to a policy paper published by the Green Party yesterday, the state pension would climb to two thirds of national average earnings from a current one third of earnings. - Irish Times

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    Its only a matter of time before the government has to make pensions mandatory.

    The poor uptake in PRSA's has shown that people are not willing to worry about their future fiscal conditions until its too late.
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    The Green Party would like to double the state pension to ease poverty among the over-65s and to give people an option to work past retirement age to help avoid a pensions crisis.
    Of course id agree with giving people the option to work I mean its outrageous that we think we can tell people that they are to old and must simply waste away!

    However I wonder about the ability of the coming government, whatever its make-up, to deliever a doubling? That would create an enormous financial burden, not that it isn't worth it, especially considering that the population is aging so quickly.

    I'd also reason that this is a weak attempt by the greens to capture the grey vote after Fianna Fail's transport coupon stunt yesterday.
    Life is a beautiful magnificent thing, even to a jelly fish ~ Charlie Chaplin

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    Quote Originally Posted by Bullmccabe
    Its only a matter of time before the government has to make pensions mandatory.

    The poor uptake in PRSA's has shown that people are not willing to worry about their future fiscal conditions until its too late.
    Yes, and mandatory monthly golf vactions in the Algarve for all pension fund 'managers'

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    what if you don't want to work after 65, would people still have the option to retire. 47 years working, with the exception of people who work for themselves, that seems unfair. prefer if people were trying to lower the retirement age instead of raiseing it.

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    I believe that green revolution party will be part of next dail i presume.

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    Default Re: Green Party aims to double pension and alter age rule

    Quote Originally Posted by David Cochrane
    According to a policy paper published by the Green Party yesterday, the state pension would climb to two thirds of national average earnings from a current one third of earnings. - Irish Times
    This is just an attempt to vote ourselves rich. There is no prospect of the country being able to afford this when we hit the pensions bubble. This is simply unsustainable.
    ishwhale.blogspot.com

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    Default Re: Green Party aims to double pension and alter age rule

    [quote=ishmael_whale]
    Quote Originally Posted by "David Cochrane":1frpywfw
    According to a policy paper published by the Green Party yesterday, the state pension would climb to two thirds of national average earnings from a current one third of earnings. - Irish Times
    This is just an attempt to vote ourselves rich. There is no prospect of the country being able to afford this when we hit the pensions bubble. This is simply unsustainable.[/quote:1frpywfw]

    Correct. Why should middle aged and young people struggling with unheard of mortgage payments subsidise a huge pension for a class of people many of whom are sitting mortgage free on properties worth half a million in todays terms?

    Genuine need among the elderly should be seen to but across the board enrichment of a largely propertied generation is absurd and simply a populist vote grab from a nonsense of a party. Even FF would be shamed by such clear vote buying.

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    Any discussion on how to improve the lot of the less well-off is welcome; in the case of pensions, a regulated mandatory system should be in place - should have been in place years ago - which ensures that everyone of retirement age and over has the chance to avoid poverty.

    The current system is weak, disjointed, not easy to understand and has no real incentives, particularly for lower-paid workers.

    Instead of just slagging off thinking people and forward looking ideas, the problem of pension provision and poverty avoidance need to be dealt with. Pension legislation spans decades and all classes and persuasions; to call it vote grabbing is simply political Pavlovism.

    A sliding scale of government top-ups - the more you earn, the less the government contributes - to a mandatory pension contributed to by both employee and employer and true 'portable' pension funds is essential.
    We can't solve problems by using the same kind of thinking we used when creating them

  10. #10

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    Quote Originally Posted by david
    Pension legislation spans decades and all classes and persuations; to call it vote grabbing is simply political Pavlovism.
    I don't think you've quite got your head around the issue. Retirement as we understand it is simply not feasible for future generations. What the greens propose is the equivalent of retaining the tax exempt status of airline fuel in the face of climate change. What they propose simply doubles the impact of the pensions bubble. It has no effect on the fundementals of the issue at all.
    ishwhale.blogspot.com

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