120 Deputy Mary Mitchell O’Connor asked the Minister for Finance if it would be feasible to increase the drawdown of pensions from 25% to a larger sum or increase levels of flexibility in the drawdown system to avoid the current situation whereby an average adult of 64 years with a pension of €70,000 can only drawdown €19,000 on retirement and €2,000 per year thereafter; and if he will make a statement on the matter. [35232/12]

Summary

120 Deputy Mary Mitchell O’Connor asked the Minister for Finance if it would be feasible to increase the drawdown of pensions from 25% to a larger sum or increase levels of flexibility in the drawdown system to avoid the current situation whereby an average adult of 64 years with a pension of €70,000 can only drawdown €19,000 on retirement and €2,000 per year thereafter; and if he will make a statement on the matter. [35232/12]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 July 2012

   Pension Provisions

   120 Deputy Mary Mitchell O’Connor asked the Minister for Finance if it would be feasible to increase the drawdown of pensions from 25% to a larger sum or increase levels of flexibility in the drawdown system to avoid the current situation whereby an average adult of 64 years with a pension of €70,000 can only drawdown €19,000 on retirement and €2,000 per year thereafter; and if he will make a statement on the matter. [35232/12]

   Source: written

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Pension Provisions

  xml · EN · 17 July 2012

  ViewDownloadOpen at official source

Sponsors

• Mitchell, Olivia. · Asking member
• Minister for Finance · Minister for Finance · Addressed to

Related records

No cross-record relationships stored yet.