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Thursday, 18th April 2024
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SIPTU warns on pensions Back  
Rosheen Callender, SIPTU’s national equality secretary, at the recent IAIM Conference on the public pension scheme, again warned the Government ‘not to repeat the serious breach of partnership that occurred earlier this year’ with section 19 of the Finance Act.

Rosheen Callender, SIPTU’s national equality secretary, at the recent IAIM Conference on the public pension scheme, again warned the Government ‘not to repeat the serious breach of partnership that occurred earlier this year’ with section 19 of the Finance Act.

The Finance Act allowed self-employed people to reduce the annuity portion of their pension fund and to contribute a higher proportion of salary to pensions. SIPTU’s point, Callender explained, was that the change differentiated too much between the self-employed and the employed and creates a disincentive to being an employee.

‘On that occasion’, Callender said, ‘SIPTU and others were greatly alarmed by the long-term consequences of the Minister for Finance’s decision, not only for the particular point of pensions policy, but also for the commitment to social partnership in relation to pensions’. They felt that the Minister was ‘riding roughshod over the considered views of those who had been working together towards pensions reform’.

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