Paesi con pensioni più alte e più basse in Europa – Irlanda @ #10
https://i.redd.it/09vzcaqazddf1.jpeg
di Zero_G_Balls
Paesi con pensioni più alte e più basse in Europa – Irlanda @ #10
https://i.redd.it/09vzcaqazddf1.jpeg
di Zero_G_Balls
8 commenti
And, this says Ireland’s pensions are the smallest percentage of its GDP of them all (3%). What does this mean, in practical terms?
Ah, but what about starting age?
Cause if you are dead before pension it hardly matters
I think there is a large amount of inequity built into the pension system, at the moment, and I think this will widen as auto enrollment eventually kicks in.
Current rate for Non Contributory Pension :€278
Contributory Pension: €288
And as things stand its looking like 40+ years of PRSI contributions to qualify for the full,( non-means tested), contributory pension.
So in short if you’ve never paid into the system you can still get €278, as long as you’ve no other means.
Whereas someone with 20+ years contributions will receive €278 minus any means they may have, (like a private pension), with the first €30 disregarded i think.
€10 per week differential between a consistent contributor and someone who never contributed doesn’t seem right to me. And I imagine auto enrollment will be used to cut payments for that cohort of workers who just didn’t manage the full 40 years of contributions.
I really wonder how pensioners survive in places like the Czech Republic. Company pensions are also a joke
This does not account for cost of living.
We’re behind Denmark.
PLEASE MAXIMISE YOUR CONTRIBUTIONS.
Follow the flowchart.
Get those AVCs maxed out.
Only then may we finally surpass Denmark.
State pensions are dying a slow death in every country, not to go all r/irishpersonalfinance on it, but please everyone, contribute to a private pension, even 100 euro a month from age 20 will be the difference between retiring (or not even) in borderline poverty vs being able to enjoy your last few decades
in Germany the pension is based on what you pay in and what you get at the end is fairly modest. Both employer and employee pay in to the pot about 18% of your wage in total. Despite that the German system is barely functioning due to the huge demographic overhang.
In Ireland it is not properly financed by either employee or employer.
Once Ireland’s population ages the Irish state pension scheme will implode.
Politicians have been ignoring the problem for decades and just paying it lip service(including the latest auto-enrollment measures).
Population increase through illiterate economic migrants pretending to be refugees and even educated contributing immigrants paid poor wages and leaning on social welfare supports like FIS will not solve the problem but the cute hoors in Government wish to convince themselves and others than they will since the political system revolves around short-termism so they refuse to grab the nettle.