Thousands face significant income cuts over pension levy

THOUSANDS of pensioners may be facing significant cuts in their incomes over the coming months, but may remain unaware of this until a letter from the trustees of their pension scheme drops through their letterbox.

This is what happened to 267 Tara Mines pensioners who have recently been told that their pensions may be reduced by 10% a year.

It is remarkable to think that while a proposed household charge of €100 a year can dominate the media, a government measure that could cost pensioners €1,000 a year, €2,000 a year, €3,000 a year, or even more (regardless of their ability to pay) has as yet failed to grab public attention.