No rise in retirement age, says Coughlan

The Minister for Social Welfare has ruled out out any rise in the retirement age.

A report published by the Society of Actuaries recommended increasing the retirement age to a least 70.

It said that would be the most cost-effective way of reducing the State’s pension bill, which is set to more that double by 2050.

Minister Mary Coughlan says the Government is aware of our changing demographic.