Compulsory retirement and the rise in the State pension age.

The Rape of Lucretia

Mad_maxx wrote: »

248 per week with the additional benefits on top is an incredibly generous deal, the vast majority of those in receipt of the state pension will draw down far more than they ever put in in PRSI contributions

Indeed. Its a great deal for anyone earning less than an average of €120,000 a year over their lives. If your average through your working life is higher than that, then, yes, you are likely going to get back less than you put in throughout your working years. Given that the number of those exceeding that average are pretty negligible, is why the current payment is too high and unsustainable. Its a great deal for those who have it. Take it an run.

mushymoo

Thinking of all the women who had to face the marriage bar when they married forced to leave jobs and now facing no pensions.

Also thinking of women currently staying home, maybe without the choice per se, but through circumstances, forced to stay out of the paid workforce to mind their children, paid childcare unaffordable or unavailable. Thus those women also missing out on a pension later on themselves.

The cost of housing or rent forcing many parents into forgoing having children who would be a younger generation working in time themselves, thus funding the pot for the future pensioners.

And the Govt, through decades of inaction on childcare and not providing adequate parental/paid maternity leave, crippling mothers who then cannot work if they choose, and who must give up on their education.

The same Govt, ruining the housing and rental markets for young people, have created this dilemma themseves, through THEIR inaction or lack of foresight. forcing pensioners to stay in future gnerations in rented accommodation, unable to buy, but now on lower state pensions, or none at all. Forcing some elderly into homelessness.

And then they wonder, how will we fund future pensioners or older people, how can we provide for them with less younger people working and longer life expectancies? Oh thats right, REMOVE some pensions, and KEEP women out of the workforce for long periods and LIMIT their possibilities to save for their retirement or fund their own pensions. REDUCE the age and force workers to look for work in their 60s, after working all their lives.

You have to wonder, who is the bigger fool? The Irish, we do not plan ahead, we just firefight when things get bad, we take the short term option which can end up going nuclear and cutting the more vulnerable among us.

(Ireland, sort out childcare and housing will you, like other countries?)

S.M.B.

AndrewJRenko wrote: »

Looking at bald averages can be dangerous. UK markets in general and London in particular are heavily skewed by the significant number of mansions, mostly owned by Arab and Russian billionaires, really nothing to do with the local housing market.

This analysis shows the prices for average properties is significantly higher in Ireland.

https://www.numbeo.com/property-investment/compare_cities.jsp?country1=Ireland&city1=Dublin&country2=United+Kingdom&city2=London

How does that analysis show that average properties are significantly higher in Ireland?

I must not be reading it correctly.

AndrewJRenko

S.M.B. wrote: »

How does that analysis show that average properties are significantly higher in Ireland?

I must not be reading it correctly.

Look at the 'Buy Apartment Price' section, Dublin vs London, with London being way higher.

S.M.B.

AndrewJRenko wrote: »

Look at the 'Buy Apartment Price' section, Dublin vs London, with London being way higher.

And the fact that there isn't as wide a gap in the rental figures means that renting in Ireland isn't as good value? Because the actual rental figures seem pretty similar.

AulWan

mushymoo wrote: »

Also thinking of women currently staying home, maybe without the choice per se, but through circumstances, forced to stay out of the paid workforce to mind their children, paid childcare unaffordable or unavailable. Thus those women also missing out on a pension later on themselves.

To be fair, there is the Homemakers Scheme. Homemakers credit contributions can be claimed for up to 20 years, allowing women who stay at home for child rearing purposes to qualify for a contributory old age pension.

Geuze

mushymoo wrote: »

Also thinking of women currently staying home, maybe without the choice per se, but through circumstances, forced to stay out of the paid workforce to mind their children, paid childcare unaffordable or unavailable. Thus those women also missing out on a pension later on themselves.

No.

There is a Homemakers Scheme, which means SAHP can take up to 20 years out of workforce, with no negative impact on their pensions.

Graces7

IF you can find somewhere to rent. Can you compare Ireland for availability with other countries maybe?

S.M.B. wrote: »

And the fact that there isn't as wide a gap in the rental figures means that renting in Ireland isn't as good value? Because the actual rental figures seem pretty similar.

political analyst

AndrewJRenko wrote: »

'a few more years' makes a big difference if you are 25-30 and looking to start settling down with house/kids etc.

I doubt that a younger worker would be relying on the prospect of promotion for affordability to get a mortgage. He or she can save money from an early age. After all, not everyone can get promoted. Therefore, I don't think older workers not wanting to retire until much later in their lives should be blamed for younger colleagues' predicament.