Pension system - It’s time to make proper provisions

With the Government due to publish a Green Paper on Pensions in the coming weeks, the Think Tank for Action (TASC) on social change warned that if the Government is serious about ensuring that pensions should eliminate poverty in retirement, it must address the public pension system as a matter of urgency.

Expenditure on the comprehensive state pension system is around 2.5% of gross national product (GNP), which is low by international standards, and it has been falling for more than a decade.

This has been in a time of unprecedented prosperity, when the Government should be providing for the future.