Cabinet signs off on pension boost for people who work beyond the age of 66

At present, the current state pension is paid at €253 a week for people who retire at 66.

The Cabinet has signed off on its major pension reform plan which will see the retirement age staying at 66, but allowing people to continue to work if they choose.

Launching the new scheme, Ms Humphreys made clear that PRSI increases "will be needed in the future" to pay for her pension plan, but insisted they will be modest and phased in gradually.