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Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?
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national / economics and finance Sunday August 21, 2016 - 22:11 by pbp
n August, a paper entitled “Inter-Governmental Group on Fuller Working Lives” appeared. It was an irrelevant document that did nothing to tackle the growing threat of poverty for older people.
The numbers aged 65 and over is estimated to increase from 570,000 in 2013 to 855,000 in 2026. But the government has already raided the National Pension Reserve Fund that was designated to pay for these growing numbers.
Workers contributed to this fund but it was literally stolen. There was €22 billion in it when the Celtic Tiger crashed but about €17 billion was used to bail out the banks. The rest was used to set up an Irish Strategic Investment Fund which has become a means of funnelling cheap credit to business people. ... read full story / add a comment
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