McGrath Calls For End To “Over Generous Pensions”

South Tipperary Independent TD Mattie McGrath has introduced a Private Members Business Notice of Motion calling for an end to the current system of paying “grossly overgenerous pensions and massive lump sums on retirement” to Office Holders such as Cabinet Ministers, Taoisigh, TD’s and Senators, senior public servants, State Regulators, members of the Judiciary and CEO’s of Semi State Bodies and State Funded Banks.

South Tipperary Independent TD Mattie McGrath has introduced a Private Members Business Notice of Motion calling for an end to the current system of paying “grossly overgenerous pensions and massive lump sums on retirement” to Office Holders such as Cabinet Ministers, Taoisigh, TD’s and Senators, senior public servants, State Regulators, members of the Judiciary and CEO’s of Semi State Bodies and State Funded Banks.

The motion notes the Government’s:

- insistence to Irish Citizens to embrace austerity;

- decision to raid ordinary citizens’ pension funds;

- threat to end tax relief on ordinary citizens’ pension contributions in the forthcoming budget; and,

- the recent changes to the qualifying conditions for the Contributory State Pension

Speaking about the motion, Deputy McGrath, said that it is time that “the untouchables” were targeted and that the Country cannot continue to pay huge pensions and retirement lump sums to those in control while heaping more and more austerity on the ordinary citizens of the Country.

“The ordinary citizens of this country have taken their hit and are bracing themselves for more cuts come December’s budget, while Office Holders are left unscathed and continue to receive huge pensions and retirement lump sums. It is unacceptable” said Deputy McGrath

“We need to restore faith in the system. People are sick of being told that we are all in this together while those at the top are not taking their fair share. If we are serious about us all being in this together, then it’s time the Government stand up and bring this farcical regime to an end.”

“We have made changes to the qualifying conditions for the ordinary contributory State Pension which will leave thousands with a reduced pension by the time they come to retirement age, yet those in receipt of massive pensions are escaping the massive cuts.” Continued McGrath

The motion will be discussed next week during Private Members time and Deputy McGrath has received the support of a number of his Technical Group Colleagues.