Employers groups oppose State pension plan

STARK divisions within Government over the Pensions Board report on future pension policy were heightened yesterday when the country’s two leading employer groups rejected its conclusions.

The report, published on Tuesday, recommended a hybrid solution of significant increases in State pensions combined with a mandatory savings scheme as a solution to the looming pensions crisis.

This crisis will be caused by an ageing population and the fact that only half of the working population have private pension schemes.