Smyth fears pensioners could be left short changed by proposed changes

BOI NiamhFianna Fáil TD for Cavan-Monaghan Niamh Smyth says she is hugely concerned that Government proposals to change the pension system will have a further detrimental impact on thousands of pensioners.
Commenting on the changes Deputy Niamh Smyth said, “I am concerned by the lack of information available surrounding the government’s plan to move to a Total Contributions Approach (TCA). While the changes are a step in the right direction, there are a number of outstanding issues, and the changes on their own still fall short in a number of areas.

“My party has been to the fore in calling for the anomalies, which were brought in by the last Fine Gael-Labour government to be addressed, and while I appreciate Minister Doherty’s initial moves, there needs to be a lot more detail published.

“Instead of fully reversing the 2012 anomaly, the government has decided to introduce a Total Contributions Approach combined with a Homemakers Credit.  However, many men and women who were out of work for reasons other than caring duties will not qualify for the credit and will therefore lose out under the new changes.

“I have requested clarity from the Minister on the solution they are proposing in order to fix this problem. I hope it’s not a case of ‘robbing Peter to pay Paul’.  I understand the Department is continuing to develop the Total Contributions Approach (TCA)and I will be continuing to pursue this issue with Minister Doherty”.

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