Pensions adequacy, planning for better life expectancy

By 2070, males born in Ireland will be expected to live 22 years longer than they would have in 1951, while females would be expected to live 23 years longer

By 2070, males born in Ireland will be expected to live 22 years longer than they would have in 1951, while females would be expected to live 23 years longer. 

Earlier this month, the Department of Finance released a report which suggested that the best way to deal with the pensions timebomb was to link the state pension age to life expectancy.

The report was not greeted with enthusiasm. Political pressure after the last election forced a deferral of the planned increase in the pensions age from 66 to 67. With the publication of this report, however, we can expect the debate to heat up again.