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  1. OECD Economic Surveys: Ireland
  2. Volume 2008
  3. Issue 005
  4. OECD Economic Surveys: Ireland 2008
  5. Chapters
  6. Setting the pension system on the right track
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Volume 2015
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Volume 2008
Issue 005
OECD Economic Surveys: Ireland 2008
Chapters
Assessment and recommendations
Key challenges
The housing market cycle has turned
Financial stability. Banking on prudence.
Adapting government spending to lower revenue growth
Setting the pension system on the right track
Integrating migrants. Learning from OECD experience.
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Setting the pension system on the right track

Content Provider OECD iLibrary
Organization OECD
Abstract Ireland currently has a relatively young population but faces similar, if more distant, long-term pressures from population ageing as other countries. The pension system is founded on a basic state pension but relies heavily on private saving to provide adequate replacement incomes in retirement. Large increases in the state pension have reduced poverty, although many pensioners still have low incomes. There is a large retirement savings gap for many households between the close to flat-rate state pension and a reasonable replacement income in retirement. Private pensions saving may be too limited to close this gap for many low- and middleincome earners. There are large tax incentives to save for retirement, but these are poorly targeted and the overall effect on saving is likely to be limited. Against the background of the pressures that ageing will eventually impose on public finances and the wider economy, this chapter outlines options for pension reform.
Page Count 27
Starting Page 79
Ending Page 97
Language English
Publisher OECD Publishing
Publisher Date 2008-04-16
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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