People could retire at 65 with 45-year record of PRSI payments

People could retire at 65 with 45-year record of PRSI payments

The Oireachtas Social Protection Committee heard from members of the Pensions Commission that there should also be a piece of legislation that allows but does not compel someone to stay in employment until they reach State retirement age

A person would still be able to retire at 65 and receive a full pension provided they have a total contributions record of 45 years, under proposals before the Government.

The Oireachtas Social Protection Committee heard from members of the Pensions Commission today whose report, published last month, said the current State Pension is not sustainable in its current form and changes are needed.

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