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Minister for Finance Paschal Donohoe File Photo Leah Farrell via Rollingnews

Public servants will be able to work until 70 under new Bill

Minister for Finance Paschal Donohue believes that the Bill reflects the fact that people are living longer and feel they have more to contribute in later life.

THE COMPULSORY RETIREMENT age will increase from the age of 65 to 70 for the majority of public servants who were recruited before April 2004 under a new Bill from the Minister for Finance.

Paschal Donohoe published the Public Service Superannuation (Age of Retirement) Bill 2018 today after securing the Government’s approval.

The Minister said that the new Bill reflects the fact that people are living longer and feel they have more to contribute in later life.

“Once this Bill has been enacted, no public servant, other than a member of the uniformed pension fast accrual group, such as, for example, gardai or prison officers who, for operational reasons are required to retire early, will be required to retire before the age of 70″.

In 2015 life expectancy at age 65 in Ireland was 21 years for women and 18.4 years for men according toa study by the European Health and Life Expectancy Information System.

PastedImage-96258 Department of Finance Department of Finance

Currently, the mandatory retirement age is set at 65 with the eligibility of a state pension starting at the age of 66.

The state pension age is scheduled to increase to 67 in 2021 and 68 in 2028.

The new compulsory retirement age of 70 will bring the pre-2004 cohort of public servants into line with members of the Single Public Service Pension Scheme.

The scheme was introduced for most new recruits to the public service since 1 January 2013 and which also allows those public servants to work until they reach the age of 70.

So public servants recruited after 1 April 2004 are not affected by the changes proposed in the Bill.

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    Mute Denis Reidy
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    Apr 9th 2015, 12:37 PM

    I’d say Denis O Brien sleeps very well in his tax haven

    105
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    Mute RonanM
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    Apr 9th 2015, 12:38 PM

    Yawn

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    Mute Con Manne
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    Apr 9th 2015, 1:19 PM

    What’s the difference between a light on and a hard on? You can sleep with a light on.

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    Mute Elma Phudd
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    Apr 9th 2015, 1:35 PM

    Con. It’s ‘what’s the difference between light and hard?’!

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    Mute Denis Reidy
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    Apr 9th 2015, 5:29 PM

    Semi?

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    Mute Con Manne
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    Apr 9th 2015, 9:07 PM

    Bungalow.

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    Mute Joseph O'Regan
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    Apr 9th 2015, 1:07 PM

    Lot of people working two jobs to make ends meet in America so not much time for sleep.

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    Mute Elma Phudd
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    Apr 9th 2015, 12:56 PM

    I was obviously rich until the last 3-4 nights and will be poor until the weekend. Can’t feckin sleep at all right now!

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    Mute Tom
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    Apr 9th 2015, 12:59 PM

    I find that glancing at thejournal.ie comments section is both tiring and uplifting.
    You get the same old tiresome whinging from 5 he same contributors and you get to feel superior as well. Great night’s sleep guaranteed.

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    Mute Chris
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    Apr 9th 2015, 1:00 PM

    A lot of them are unconscionable sociopaths – fleecing people actually helps them get a better sleep.

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    Mute Peter Hargan
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    Apr 9th 2015, 1:07 PM

    Food,warmth and a nice comfy bed might just have something to do with it

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    Mute Michael Skellig
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    Apr 9th 2015, 4:21 PM

    The rich have no conscience, hence more sleep.

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    Mute Joanna
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    Apr 9th 2015, 12:39 PM

    Maybe because not rich people need to work more?

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    Mute Top Cat
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    Apr 9th 2015, 12:42 PM

    Or because rich people aren’t out until all hours slangin rocks of crack.

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    Mute saltaroo
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    Apr 9th 2015, 12:46 PM

    Cos that’s what everyone on the poverty line does

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    Mute Whatsup Dok
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    Apr 9th 2015, 1:21 PM

    hmm, I’m poorer than I realised so

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    Mute The Professor
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    Apr 9th 2015, 2:08 PM

    The headline changed again! Like something you would see in the English tabloid papers. I bet the journalists sit around the office high-fiving each other after every effort

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    Mute Caroline Dunlea
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    Apr 9th 2015, 5:01 PM

    Having the few bob eases the mind… D’oh!

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    Mute Noel Falkhall
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    Apr 9th 2015, 3:31 PM

    My wife who is rich beyond belief has tough time sleeping and I the poor one sleep like a log every night so the story is a crock….

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    Mute Colin C
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    Apr 9th 2015, 3:25 PM

    The socialist solution to this is to make sure no one sleeps. Then we will all be equal. And that’s the main thing.

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    Mute William lynn
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    Apr 9th 2015, 10:11 PM

    And what did the study say about sleeping on a bed of money ?

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    Mute Calisto Roberto
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    Jul 29th 2016, 8:12 AM

    Hello everyone i want to share my testimony on how i belong to illuminati member, a friend of mine always give me money…because he was very rich, one day he said he is not going to give me fish that he is going to teach me how to fish, so i was very happy, i never new he was a member of illuminati since we started our friendship! so i was initiated to the illuminati order and few days later i was awarded a contract worth of millions of Dollars, in my business i am doing very well right now, i can now influence people, render financial help etc, if you want to become a member contact us via email: illuminatiorder.co@gmail.com or call +2348137838605

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