10
Oct
This is a blog by independent trustee limited. It focuses on the recent OECD review of pensions in Ireland. One of the major points of the blog highlights the difference in the projected deficit for 2010 (as projected in 2007) and the actual deficit that materialised in the social insurance fund for 2010. The deficit of 30% added yet another cost that the taxpayer had to pick up the tab on.
Click here for the link.
I think another central point in this is that the country either needs to start funding more or reducing benefits, which would mean that either way the taxpayer again picks up the tab as they can expect a reduction in state contributory pensions or higher prsi to fund the existing deficit.