IRELAND - The Irish government will finally reveal details of its pensions framework this week - over two years after the original consultation into pensions policy began.

Mary Hanafin, social and family affairs minister, told attendees of the Irish Association of Pension Funds' (IAPF) annual dinner that details of the new regime will be published on Wednesday afternoon (3 March).

Launch of the framework is finally being unveiled this week, but Hanafin announced in December that the actual implementation could be delayed until 2014, to give all parties concerned time to put in place any required systems and changes. (See earlier IPE story: Irish pension reforms may wait until 2014)

The green paper was unveiled on 17 October 2007, and covered a wide range of issues and options related to social welfare, occupational, personal and public service pension arrangements.

It also contained a whole host of data and analyses on demographic change, the sustainability of the pensions system, along with analysis on the cost of tax expenditures, operation of the annuities market, cost drivers for defined benefit schemes as well as charges and the retirement age.
 

Topics