Full pensions to be restored to 62k who lost out under regime

Pensioners who have lost up to €1,500 a year since 2012 will not be compensated for the amounts lost since then, the Government confirmed yesterday.

However, the State will restore full pensions to more than 62,000 people because of a new pension regime that altered the way in which the weekly payment was calculated.

Having secured approval from Cabinet, Social Protection Minister Regina Doherty, said those affected will be entitled to claim the full higher rate of pension starting from March of this year. Yet, payments will not commence until the first quarter of 2019 and she made it clear that no back payments will be made to compensate those who have lost up to €30 per week in the intervening period.