thomsonsonlinebenefits.com

 
 
 

employee rewards & benefits news

You are currently viewing our articles from:
 
07-Apr-08 11:15 [Research]
Irish pensioners 'likely to fall into poverty'
Irish pensioners are among the most likely to fall into poverty in Europe, according to a new report.

Research from the EU's statistical service Eurostat has revealed that Ireland is behind eastern European countries such as Bulgaria and Estonia.

Eamon Timmins, of Age Action Ireland, said: "It shouldn't come as any surprise. The only way we can tackle this is to increase the state pension. If you're depending on the state pension, then you're looking at a very meagre standard of life."

According to the statistics, 27 per cent of people over the age of 65 are at risk of falling into poverty, although there are still four countries which are lower in the rankings; Spain, Cyprus, Latvia and the UK.

People in the Netherlands and the Czech Republic have the best chances of avoiding poverty, with only six per cent of people in dangers of falling into poverty when they are over 65.

Age Action Ireland is an independent, national organisation on ageing and older people.




New York's attorney-general Andrew Cuomo has urged executives of top companies to forgo their bonuses for the year, it has been revealed. Find out more>
The Department of Work and Pensions has announced the feedback from a study carried out to understand how to better facilitate feedback from the country's pensioners. Find out more>
Low and middle-income earners must be the target of a range of tax cuts if the government wants to stimulate the economy in the pre-Budget report, a major industry organisation has said. Find out more>

Search our news archive:
The views and recommendations in this publication are those of Thomsons Online Benefits and have been obtained from a variety of sources. While we believe that our sources are reliable we cannot guarantee that the information in this publication is accurate and it may be condensed or incomplete. thomsons online benefits ltd is authorised and regulated by the Financial Services Authority.