No €15 increase to old age pension in upcoming budget 

Charities  have sought pension increases of up to €23 a week for pensioners. File Picture

A €15 increase in the old age pension has been ruled out by the Government, with a €10 rise now likely.

Senior sources familiar with the budgetary process have said a much-anticipated increase of €15 a week is “a bit of a stretch”, with just €1.3bn of unallocated funds available for new measures.