Are we going to have alot of homeless pensioners?

Portsalon

Deleted User wrote: »

A huge amount of people today who are long term unemployed whether through choice or circumstances , will get the non contributory pension regardless of never paying contributions. That doesn’t do much to incentivize the rest of us to keep heading to work every day but that’s life and part of the society we live in . People need to be looked after regardless, no point in feeling hard done by .

So when you wrote "we have all paid heavy PRSI contributions for our lifetimes through work" you didn't really mean it?

Thanks for clearing that up.

Portsalon

Graces7 wrote: »

Odd; you are posting blank messages now? Interesting.

No I wasn't. Perhaps the coedine was misbehaving!

Geuze

c.p.w.g.w wrote: »

My employer won't make contributions, I have looked at roughly 12 other roles near me. None of those companies offer pension contributions either.

Would the government make employer contributions mandatory? Or is that even legal

Auto-enrolment pensions are due by 2021 I think.

Three parties will contribute.

EE
ER
State

Geuze

ELM327 wrote: »

If I have to get medical care I pay €25 to my doctor (€55-€30 VHI)
If it's semi urgent I can go to the swiftcare 6 times a year, €25 a pop (€125-€100 VHI)
If it's urgent life or death I can go to an A+E and be charged €100 a pop.
I then have to pay my VHI (currently ~€700 a year - €1400 paid by employer, I pay €700 BIK), and all prescription costs (current regular medication runs about €60 a month).


Pensioners get all of the above for free (or a measly token per prescription charge). Don't spout on about "rights" as if everyone is in the same boat.

Please note that:

• everybody over 70 get s GP Visit card, yes
• Medical Cards are not automatic for everybody over 70
• the means-test for over 70s med Card is more generous, yes, true

c.p.w.g.w

Geuze wrote: »

Auto-enrolment pensions are due by 2021 I think.

Three parties will contribute.

EE
ER
State

Actually do you have a link to how that is going to work?

Portsalon

Geuze wrote: »

Auto-enrolment pensions are due by 2021 I think.

Three parties will contribute.

EE
ER
State

That's what is stated in the government's Roadmap for Pensions Reform document, published last year (and well worth a read, if you've the time and the interest). But there is already significant slippage in producing the promised TCA legislation, due to come into effect on 01/01/2020, so I wouldn't be very confident about the 2021 target date being achieved.

Interested Observer

ELM327 wrote: »

I work in fintech and all large companies in my field offer pension schemes. Currently mine is 7% gross contribution matched with 7% from the company.
I know of others that get 10% matched and doubled.

10% doubled? Who is offering that?

ELM327

Interested Observer wrote: »

10% doubled? Who is offering that?

it's a rumor as I don't work there only heard from someone.
the only certainty is my own 7% + 7%

Interested Observer

ELM327 wrote: »

it's a rumor as I don't work there only heard from someone.
the only certainty is my own 7% + 7%

Mine is 4%+8% which is pretty nice but 10% sounds nuts if they're doubling it.

L1011

Portsalon wrote: »

No I wasn't. Perhaps the coedine was misbehaving!

Stop it

Portsalon

c.p.w.g.w wrote: »

Actually do you have a link to how that is going to work?

You can read what is being proposed here:

https://www.welfare.ie/en/pressoffice/pdf/PensionsRoadmap.pdf


More (or less!) specifically:

The exact ratio of contributions is to be determined during the design phase. As an example, starting from a modest base and automatically escalating on a scheduled basis over a period of time, employers could be asked to match worker contributions euro for euro subject to an eventual upper limit on employer contributions of 6% of gross salary.

Similarly, the State might match worker contributions on a 1:3 basis. Under such a scenario a worker making a personal contribution of 6% of
salary would see that contribution matched by an employer contribution of 6% and a State contribution of 2% bringing the total contribution into the fund to 14% of salary.

Any contributions made by the State will replace, rather than augment existing tax reliefs.

Mad_maxx

Sleepy wrote: »

We have one of the highest state pensions in the world and many additional welfare payments only available to the elderly (home heating, Warmer Homes scheme, free travel, free tv license etc.)

We have socialised health care (the HSE is far from perfect but it's there)

Pensioners receive more assistance than the unemployed, regardless of whether they've ever paid any tax in their lives.

No, our social care systems aren't perfect and bad people can target the elderly as easy victims for abuse but it's utterly undeniable that our taxation and welfare systems give pensioners preferential treatment even if they've never contributed a cent in taxation in their lives.

That's pretty galling for those of us paying for this largess, particularly when you consider that it's unlikely that many of our generation will ever receive a state pension due to the mismanagement of the state by politicians elected by those same pensioners since the foundation of the state.

Those of pensionable age at the moment, and those reaching that milestone in the next decade or so have nothing to fear. It's their children and grandchildren who'll be the ones finding themselves homeless in their old age. I had originally ended the last sentence with "when they become pensioners" but the sad reality is that most of us are woefully under-prepared in terms of our pension planning and it's most likely we'll have to work until the day we die.

This is a golden age for the elderly

Mad_maxx

Geuze wrote: »

Please note that:

• everybody over 70 get s GP Visit card, yes
• Medical Cards are not automatic for everybody over 70
• the means-test for over 70s med Card is more generous, yes, true

A couple over seventy receive a medical card each unless their combined income is in excess of 900 euro per week, very few over seventies don't qualify, the combined income pre 2008 was 1400 per week

Mad_maxx

The likes of Willie o dea is an enemy of the tax payer with his constant demand for a higher state pension

I never hear him discuss anything else

Portsalon

Mad_maxx wrote: »

The likes of Willie o dea is an enemy of the tax payer with his constant demand for a higher state pension

I never hear him discuss anything else

He's playing to his gallery, and very few of Willie's core voters have ever paid for anything in their lives apart from alcohol and cigarettes.

Experience_day

Interested Observer wrote: »

Mine is 4%+8% which is pretty nice but 10% sounds nuts if they're doubling it.

My old place was 18% (6% from me). Longer service meant 27% (9% from myself).

Geuze

Mad_maxx wrote: »

A couple over seventy receive a medical card each unless their combined income is in excess of 900 euro per week, very few over seventies don't qualify, the combined income pre 2008 was 1400 per week

Correct, and AFAIK only one of them must be over 70.

My father was working, aged between 60-65, jobshare I think, on about 35k, and got the full GMS med card, as the mother was 70.