People without pensions ‘heading towards the poverty trap’

IRISH people are heading for the poverty trap because they are either not securing a private pension or their employer is not willing to provide sustainable pensions.

That’s the message from the Irish Congress of Trade Unions ahead of its Summit on Pensions, which takes place at the Croke Park Conference Centre tomorrow.

ICTU said the country’s pensions policies are in urgent need of re-evaluation and it has made a number of claims about pension provision.