Pensions framework - Proposals are just the first steps

THE National Pensions Framework (NPF) launched on Wednesday should be seen as just an opening gambit in an ever-evolving set of arrangements to encourage all of us to accept our responsibilities to provide for ourselves and others after our working lives end.

Whether it works or not only time will tell – just like a pension scheme.

The simmering and unavoidable pensions crisis has to be addressed in a vigorous and realistic way. The consequences of not doing so would be disastrous, as some Waterford Crystal workers will confirm.