OAP to go up in the Budget ...why ?

cyberianpan

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It seems there is consensus, that even given our awful debt ...that the old age pension is to rise

Varadkar: Everyone needs to benefit from Budget
A spokesperson for Mr Varadkar said: "The Government is united in the view that along with an increase in the weekly pension
So basically the people who never took out private pensions, will be looked after
60% of Irish private workers have no jobs pension
Irish private sector spending on pensions is among the lowest in Europe according to the Organisation for Economic Cooperation and Development (OECD) and total pension spending as a ratio of 6.1% of gross domestic product (GDP) in 2011 is at the lowest in the European Union and almost half the ratios in the Netherlands and Germany
Furthermore , old people's costs tend to be lower

Also...the demographics tend to suggest future pensions will need to be cut ...and...the problem is...the level of debt is already robbing tomorrow to pay today

Old folks vote more http://www.cso.ie/en/media/csoie/releasespublications/documents/labourmarket/2011/voterq22011.pdf

That's how it works

cyp
 


jmcc

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The village idiot cohort of FG are retiring and want more money?
 

the secretary

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They are more likely to vote than any other demographic.
Question answered.
 

sic transit

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De vulnerable. In line with inflation is not such a bad thing.
 

wombat

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Really silly thread, Grasshopper:lol:
 

robut

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I reckon any body in their early 50s or younger will be lucky to see an OAP when they retire at 68+ .. so I wouldnt be too worried about it.

We are seeing the last retiree's with access to an OAP. Private Pensions or bust for most of us in the future and at that, even if we can afford one. Average private pension in this country is around €7000 per annum apparently ..

Pensions crisis is coming, probably already here. The gov are not dealing with it and why should they? These guys are sorted ..
 

stopdoingstuff

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Time to means test and adjust accordingly.
 
Last edited:

Round tower

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Vote buying.
If its vote buying, i dont think any party in the Dail is against it so all parties are guilty then, If they get a increase, public sector workers are getting a pay increase, other groups in the sector are also mentioned for a increase except the unemployed. We have taken a decrese in recent years but no word of us getting even the 5 euros of a increase.
 

Pabilito

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If its vote buying, i dont think any party in the Dail is against it so all parties are guilty then, If they get a increase, public sector workers are getting a pay increase, other groups in the sector are also mentioned for a increase except the unemployed. We have taken a decrese in recent years but no word of us getting even the 5 euros of a increase.
Seems Pensioners are a strong lobby despite their age, but that shouldn’t mean preferential treatment at the expense of young people like couples trying to make a home and start a family.
 

cobhguy

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It seems there is consensus, that even given our awful debt ...that the old age pension is to rise

Varadkar: Everyone needs to benefit from Budget


So basically the people who never took out private pensions, will be looked after
60% of Irish private workers have no jobs pension


Furthermore , old people's costs tend to be lower

Also...the demographics tend to suggest future pensions will need to be cut ...and...the problem is...the level of debt is already robbing tomorrow to pay today

Old folks vote more http://www.cso.ie/en/media/csoie/releasespublications/documents/labourmarket/2011/voterq22011.pdf

That's how it works

cyp
Oap is paid to every person who qualifies so both those who have private pensions or not. Plus anyone who works pays prsi which is what funds this. So if you work you are paying for your own Oap
 

Pabilito

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Oap is paid to every person who qualifies so both those who have private pensions or not. Plus anyone who works pays prsi which is what funds this. So if you work you are paying for your own Oap
Not if you're a Pubic Servant, they get a LOTTO Pension for just turning up for the interview.
 

tipofdiceberg

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They Vote in high numbers , no more explanation needed.
TDs vote in low numbers yet they are about to give themselves a €6400 rise. You could say they are semi-retired with the amount of days off they actually "work". Leeches on the taxpayer most of them.
 

stopdoingstuff

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TDs vote in low numbers yet they are about to give themselves a €6400 rise. You could say they are semi-retired with the amount of days off they actually "work". Leeches on the taxpayer most of them.
I'd pay them not to vote.
 

shiel

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The people who bankrupt the country and the media who licked their arses during the boom when they were bankrupting the country want it so it will happen.
 

ergo2

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The fiver a week is reasonable and OAPs are imho well entitled to it.

Consider

1. AOPs have worked all their lives and paid PRSI, Income Tax etc

2. They have housed and raised their families in very difficult times. E.g. due to quantitive easing we now have artificially low interest rates. I remember when the interest rate on a local authority housing loan was 12%, rising to 16% for some months.

3. Those who were self employed paid penal interest rates to fund their business. I remember when the the Industrial Credit Corporation, the State owned bank for business development, was charging 23% p.a. on their standard business loans.

4. Those who tried to fund their own pensions sustained a double hit
(1) their pensions funds were levied, allegedly to sustain employment c 2008. No sign of this money being refunded
(2) Families who invested in Irish shares either directly or thru' their pension funds lost heavily thru' the collapse of those investments.

5. It is an obscenity to hear earnest discussions about the timing and extent of a rise in the OAP when politicicians and senior public sector employees are enjoying goldplated pensions, to which the have made only nominal contributions. We can no longer afford these. It is time our politicians faced that.
 

devoutcapitalist

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Not only are OAPs the age group most likely to vote there is a huge level of sympathy for OAPs with many voters regarding them as been "vulnerable" and "marginalised".
 

Pabilito

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Not only are OAPs the age group most likely to vote there is a huge level of sympathy for OAPs with many voters regarding them as been "vulnerable" and "marginalised".
Young people, I mean those in their late twenties\early thirties are locked out of the property market in Ireland. They are at the age that they need to settle down and start a family NOW. This is a critical age particularly for women who unlike men must start having children in their thirties.

These young couples need urgent access to affordable housing right now!. They and their offspring will the one’s paying for the pensions of current and future pensioners so they are an urgent priority!
 


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