Men claim €433 in pension payouts as women only get €280

Men claim €433 in pension payouts as women only get €280

Irish men are being paid 35% more from their pensions than women, according to new research.

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Irish pension funds told to 'diversify and de-risk over the coming year’

Irish pension funds told to 'diversify and de-risk over the coming year’

Irish pensions fund trustees have been told to “diversify and de-risk over the coming year” amid the huge losses of global stock markets and falling bond yields for some European markets.

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Joan Burton facing No Confidence motion after 'blatant cronyism'

Joan Burton facing No Confidence motion after 'blatant cronyism'

Independent TDs are proposing a motion of No Confidence in the Tánaiste today after an appointment they have labelled as "blatant cronyism".

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OECD: Pensions system should be simpler, fairer

OECD: Pensions system should be simpler, fairer

Ireland should make its pension system simpler and fairer so that everyone gets sufficient income for a decent standard of living in retirement, according to international advisers.

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ICTU calls on Government to delay changes to State pension

ICTU calls on Government to delay changes to State pension

Irish Congress of Trade Unions general secretary David Begg is today calling on the Government to delay the introduction of a number of changes to the State pension.

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80% of Defined Pension Schemes 'short of funding standards'

Some 80% of Defined Pension Schemes are failing to meet funding standards, according to Irish Life.

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Age Action has 'productive' meeting with Revenue Commissioners

Age Action says it had a "productive" meeting with the Revenue Commissioners on the controversial issue of extra tax for pensioners.

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Oireachtas committee to discuss pensioners' tax controversy

Oireachtas committee to discuss pensioners' tax controversy

The controversy surrounding pensioners tax liabilities will come under the spotlight at a committee meeting today.

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Minister: Majority of pensioners will not be pursued for back tax

The Revenue Commissioners will not pursue the majority of pensioners for back tax, according to Junior Minister Jan O'Sullivan.

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Revenue phone lines to field pension queries again

Special phone lines that were set up by the Government to deal with queries from pensioners, are set to re-open again this morning.

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Revenue open helpline for pension queries

Anyone with a query about extra tax owed by pensioners, following an under-calculation of their liabilities, is being asked to call a special helpline set up by the Revenue Commissioners.

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115,000 pensioners face paying more tax

115,000 pensioners face paying more tax

One in four pensioners faces paying more tax this year following a blunder between Revenue and the Department of Social Protection.

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Irish women warned to plan for retirement

Irish women warned to plan for retirement

Irish women are being advised to make their own financial plans and be less dependent on their husband's pensions.

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Government set to confirm new tax on pensions

The Government is due to announce a new tax on all pension savings of private sector workers next week.

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Warning over Europe pensions time-bomb

Warning over Europe pensions time-bomb

The ratio of pensioners to workers in Europe is set to double in the next 50 years – a pensions time-bomb which must be tackled now, the European Commission warned today.

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Boyle: “Greens will not support pension cut”

Green Party chairman Dan Boyle has ruled out a cut in the State pension saying the Green Party would not support such a proposal.

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Gormley: Politicians must 'do the right thing' on pensions

Gormley: Politicians must 'do the right thing' on pensions

The Environment Minister is urging the five remaining TDs and MEPs still holding out on returning their pensions to "do the right thing".

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FF Senator caves in on pensions

Roscommon Senator Terry Leyden has become the latest politician to bow to pressure and give up his ministerial pension.

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More expected to surrender pension entitlements

Six Fianna Fáil politicians in receipt of an Oireachtas pension on top of their salary are expected to surrender the pension payment today.

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Bertie gives up ministerial pension

Former Taoiseach Bertie Ahern is to give up his €83,000 ministerial pension, it was revealed tonight.

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FF's Fahey latest to forego pension payment

Fianna Fáil's Frank Fahey has become the latest Oireachtas member to forego the double pension payment.

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All FG and Labour former ministers give up pensions

All FG and Labour former ministers give up pensions

All Fine Gael former ministers who are still Oireachtas members have rescinded their pension payments.

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Irish pension funds perform strongly in March

Irish pension funds consolidated the gains made in February with a strong performance in March, with an average return of 5.8%, according to Rubicon Investment Consulting.

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IFA welcomes reinstatement of pension for farm women

IFA welcomes reinstatement of pension for farm women

The Irish Farmers Association has welcomed the decision to reinstate the state contributory pension for elderly farm women.

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Hanafin moves to address employers' pension fears

The Minister for Social and Family Affairs Mary Hanafin has moved to assuage employers' fears over the new National Pension Framework saying that its implementation could be pushed beyond 2014 if economic conditions remain poor.

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IBEC warning on new pensions framework

IBEC warning on new pensions framework

Business group IBEC is warning that employers will have to cut pay to compensate for having to contribute to their workers' pensions.

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State pension age to increase by three years

Everyone under the age of 50 will now have to work an extra three years before retiring, the Government announced today.

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Obligatory pension scheme to be introduced

A new scheme obliging all workers over the age of 22 to participate in a pension scheme is to be introduced within four years.

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Fees taking up to €100,000 off final pension value, says research

Fees and hidden charges on pension investments can knock up to €100,000 off the final value of retirement funds, according to new research from financial services group IFG.

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Government expected to cut tax relief on pensions

Government expected to cut tax relief on pensions

There are growing expectations that the Government will cut tax relief on pension contributions.

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Pension funds improve for fifth month-in-row

Pension funds, so badly hit in the downturn, have shown their fifth consecutive monthly improvement, according to Hewitt Associates, a global human resources services company.

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Pensions recover since March low point

The position of Irish pension schemes has improved by between €8 and €10bn since the middle of March, according to pension experts Mercer.

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ICTU to discuss response to pension levy

The Irish Congress of Trade Unions (ICTU) is due to hold a series of meetings this week to discuss its response to the Government's latest public spending cuts.

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Government aims to offset pension investment losses

The Minister for Social Affairs has today announced a relaxation of some of the rules governing defined-benefit pension schemes.

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Irish consumers need money advice, says survey

Consumers in Ireland are clueless about money and pensions and are in dire need of advice about budgeting, pensions, personal finance matters according to a new survey.

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Majority worried about lack of money on retirement

Almost six in 10 Irish people are worried that they will not have enough money to fund an ‘adequate’ standard of living when they retire, according to a new survey.

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Workers urged to be aware of pension needs

A 35-year-old wishing to generate 50% of their salary at 65 - excluding the State pension - should be saving 25% of their current salary, according to the new pensions guide.

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Cluster bomb firms off pension investment list

It will soon be illegal for the Government to invest pension funds in companies linked to cluster bombs.

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IBEC calls for public sector pension reform

Employer’s group IBEC has today said that the Government must move to cap the escalating cost of public service pensions and introduce more radical reforms.

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New advice for workers on pensions

The Pensions Board has today reminded employees, and those soon looking for a job, not to forget the importance of a good pension.

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Negotiations planned to discuss Irish pension crisis

A series of consultation negotiations between trade unions, employers, the government and other interest groups are due to take place over the coming months in a bid to resolve the current pension crisis.

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Women urged to start pension plan

Women have today been urged by the Pension Board to take out a retirement plan so they can look forward to a stress-free future.

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Pensions watchdog report due today

The watchdog that monitors pension schemes is to launch its annual report today.

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Public to get say on pension strategy

The public is to be consulted on the country's future pension strategy.

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Pensions campaign to target young workers

The Pensions Board is planning a new campaign to get young workers to secure their financial futures.

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Ahern criticises some employers’ attitude towards pensions

The Taoiseach, Bertie Ahern, has criticised the attitude of certain employers towards the provision of pensions to their workers.

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Labour Court to begin hearings into BoI pension dispute

The Labour Court is due to begin hearings today into the dispute over the introduction of a new pension scheme at Bank of Ireland.

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Finance Dept accused in mandatory pensions row

The Department of Finance was today accused of siding with big business in a row over the possible introduction of mandatory pensions.

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900,000 workers 'still without a pension'

shows a high level of awareness around pensions is not translating into numbers joining schemes.

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Irish Life research backs pensions proposal

Irish Life has welcomed proposals by the Pensions Board to introduce an SSIA-style incentive to encourage greater interest in pensions among the public.

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Govt urged to make SSIA-type top-ups to pension accounts

The Pensions Board has recommended that the State top up contributions to Personal Retirement Savings Accounts in a similar way to the SSIA scheme.

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Govt set to endorse plan for SSIA-style pension scheme

The Government is reportedly set to endorse proposals for a new pension initiative modelled on the SSIA scheme.

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Fears after Rentokil closes pension scheme

Pension experts predicted today that other large firms could follow Rentokil Initial’s lead and close final salary schemes to existing members.

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Rentokil to close pension scheme

Rentokil Initial has announced moves to close its final salary pension scheme, which would freeze benefits for current employees, it was reported.

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Age groups welcome proposals on flexible retirement

Support groups for elderly people have welcomed proposals to offer bigger state pensions to people who delay their retirement.

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Review recommends greater pensions for working longer

The National Pensions Board has reportedly recommended that people be offered larger pension payments if they delay their retirement past the age of 65.

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Pension fund reports €737m losses

The National Pension Reserve Fund lost more than 16% of its value on the stock market last year, according to its annual report for 2002.

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National pension fund to publish annual report today

The National Pension Reserve Fund is due to publish its annual report for 2002 later today.

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