'Fexible' tiered pensions plan announced in Ireland

The video discusses the government's commitment to protecting both current and future pensioners by introducing significant reforms to the state pension system in Ireland. A new flexible pension age allows individuals to retire between 66 and 70, with higher payments for each additional year worked. The video also highlights the recognition of caregivers, particularly women, who have left the workforce to care for loved ones, ensuring their contributions are acknowledged in the pension system.

What is the government's main priority regarding pensions?

• To increase taxes for pensioners

• To protect both current and future pensioners

• To reduce pension benefits

• To eliminate pensions for younger workers

What new option is being introduced in the Irish pension system?

• Flexible pension age between 66 and 70

• Mandatory retirement at age 70

• Retirement only at age 66

• No pension benefits after age 70

How does the new pension reform benefit those who choose to work beyond age 66?

• They receive a higher pension payment

• They receive a lower pension payment

• They lose their pension benefits

• They must retire at age 66

What is one of the key objectives of the social protection minister?

• To increase the pension age to 75

• To reduce the pension age to 60

• To eliminate pensions for non-working individuals

• To recognize unpaid caregiving work in the pension system

What is required for a person to benefit from the recognition of caregiving work in the pension system?

• At least 10 years of paid contributions

• At least 5 years of paid contributions

• No paid contributions required

• At least 20 years of paid contributions