New weekly payment of €203 introduced for 65-year-olds after rise of pension age
A person in receipt of this payment will not be required to be available for full-time work. By Órla Ryan Monday 8 Feb 2021, 7:27 AM Feb 8th 2021, 7:27 AM 150,388 Views 53 Comments
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A NEW SOCIAL welfare payment has been introduced for 65-year-olds who are no longer employed.
Plans for such a payment were announced in the Programme for Government after the pension age was raised to 66.
The trade union Siptu and the Labour party have criticised the payment as being too low and not addressing the issue of mandatory retirement at 65 years of age.
Minister issues major Pandemic Unemployment Payment update as extension expected irishmirror.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishmirror.ie Daily Mail and Mail on Sunday newspapers.
New benefit payment for 65-year-olds
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Fianna Fáil TD for Cavan/Monaghan and North Meath, Niamh Smyth, has welcomed the introduction of a new benefit payment for those aged between 65 and 66 who have ceased employment or self employment.
Eligibility for the Benefit Payment for 65 year olds is determined by a person’s PRSI contributions.
Deputy Smyth commented, “Applications for this new benefit can be made when a person reaches 65 years of age. This payment will continue until the person reaches pension age provided, they continue to meet the eligibility conditions.
“For many people, due to their contract of employment, retiring at the age of 65 is their only option. I have called on the Minister on numerous occasions to sign regulations to formally remove the requirement for 65-year olds to be actively seeking work and to ‘sign on’.
New weekly payment of €203 introduced for some social welfare recipients irishmirror.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishmirror.ie Daily Mail and Mail on Sunday newspapers.