Move required to address threat of poverty and meet proposed benchmark figure of 34 per cent of average earnings
“Older people have told Age Action that they are finding it harder to make ends meet. Many are telling us that they can no longer afford the essentials. They need the state pensions to be benchmarked to give them some measure of financial security in older age,” he said.
“A state pension rate of 34 per cent of average earnings means an increase of €53 a week in the state pension while taking the politics out of it once and for all,” she says. In its report, the commission noted that while the 34 per cent benchmark figure would previously have been effective at preventing pensioner poverty, there is no guarantee that even it would do so in the future.The National Women’s Council says women are more commonly impacted by state pension rates as they are more likely to be dependent on the payments.
Responding to a call in the Dáil last month from Joan Collins TD for the 34 per cent benchmark to be provided for, Taoiseach Leo Varadkar said the Government had taken a number of other actions to support pensioners including extra payments at Christmas and expanded eligibility for fuel allowance payments.
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